by Shafqat Ali

 

FAISALABAD, Feb. 27 (Gwadar Pro) – The government will remove the issues related to Special Economic Zone (SEZ) under the China Pakistan Economic Corridor (CPEC), said the Federal Minister for Planning, Development, Reforms and Special Initiatives Asad Umar on Friday. 

  

“In the second phase of CPEC, we will upgrade our manufacturing sector on solid footing with Chinese cooperation and necessary steps in this regard will be taken soon,” Umar said when meeting with businessmen and industrialists at the Faisalabad Chamber of Commerce and Industries (FCCI).  

 

Umar said he reviewed the progress of the Allama Iqbal Industrial Zone, the first CPEC SEZ inaugurated by Prime Minister Imran Khan. He said several decisions were taken to make it more attractive for local and Chinese investors. 

 

The minister also said a new textile policy was being formulated and industrialists of the city would benefit from it. He said the entire textile industry was being upgraded due to the effective policies of the government. 

 

“Now our aim is to maintain continuity of the development and a new textile policy is under consideration which will be announced soon,” he added.

 

According to an official statement, “Issues relating to the SEZs under CPEC were discussed. The meeting was told that several projects are already under construction.”