PM Shehbaz Sharif orders to provide lands to SEZs investors

Pakistani Prime Minister Shehbaz Sharif on Tuesday afternoon ordered to provide land to investors in the Special Economic Zones (SEZs) under China-Pakistan Economic Corridor (CPEC) on favorable terms and proposed a mechanism to cancel lease agreements if industries are not developed within specified time frames.

The PM, addressing the groundbreaking ceremony of Islamabad Model Special Economic Zone, reiterated his appeal for a Charter of Economy to ensure consistent economic policies and lead the country towards progress and prosperity.

During the groundbreaking ceremony, he highlighted the significance of boosting exports and learning from China’s expertise in textiles.

He told the gathering that after the Chinese industry gone hitech, Pakistan had the golden opportunity to learn from the Chinese textile expertise, go for joint ventures and bring Chinese second-hand machinery to Pakistan to boost its exports.