Pakistan gets $13 billion investment under CPEC, $12 billion in pipeline, says Asim Bajwa

LAHORE – China-Pakistan Economic Corridor (CPEC) Authority Chairman Lt Gen (retd) Asim Saleem Bajwa said on Tuesday that Pakistan has invested $ 13 billion under CPEC and another $ 12 billion investment in the pipeline will revolutionize the country. . . He met with press members on the occasion of his visit to Challenge Textile Factory on Lahore-Multan Road with a Chinese investment of 150 million dollars. Asim Saleem Bajwa said that under the CPEC, more economic zones have been established in Pakistan that will bring more Chinese investments and provide all possible opportunities to foreign investors.

He said that China has established an international standard industrial unit that Challenge Group will be happy to see and that Challenge Group will establish Challenge Fashion Export Park in Pakistan, which will employ thousands of people in Pakistan in the future. “My intention to come here was just to provide all the infrastructure for Chinese investment and make up for the lack of facilities,” he said. Asim Saleem Bajwa said that China is not just Pakistan’s neighbor, but a longtime friend, and China has always played the role of the elder brother. He said that the visa period of Chinese investors coming here under CPEC has been extended. He stated that the visa period for Chinese investors will be increased from three months to two years and that this will be announced by Prime Minister Imran Khan soon.

He said that the economic revolution is coming under CPEC in Pakistan and said that it is necessary to go to Gwadar and see the fruits of CPEC so that the entire infrastructure is established so that there is no difficulty in the delivery of goods. He said he would soon visit the Faisalabad Economic Zone as well. Chinese companies with international standards wanted to invest in CPEC and he added that all possible possibilities would be provided. Qamar Bobby, a Pakistani businessman who brought Chinese investment to Pakistan, said Chinese investment in Pakistan increased under CPEC, which helped the Pak rupee stabilize against the dollar.

Updated: May 26, 2021 — 6:27 am

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