ISLAMABAD: Prime Minister Imran Khan said on Tuesday that the government was prioritising initiatives to boost economic activity in the nation, with a focus on raising investments in the export industry to create jobs.
He stated that all government institutions were working together to create an investment-friendly climate, and that the government was also taking efforts to expedite construction on Phase II of the China Pakistan Economic Corridor (CPEC).
The Prime Minister was presiding over a meeting of the Prime Minister’s Priority Sectors, during which he was briefed on the development of CPEC Phase II.
The meeting was informed that work on gas and electricity supply in Rashakai, Dhabeji, Allama Iqbal and Bostan Special Economic Zones (SEZs) was in full swing.
Electricity and gas were mainly available for the construction of industries while the rest of the required electricity and gas will be supplied with further development of industries.
In this regard, Plug and Play Model had been proposed by CPEC Authority, which was being worked on. Under the model, all the requirements of the investors will be met through one window operation to ensure speedy construction of industries in these areas.
At the same time, the Board of Investment (BOI) was working on a portal to provide investors with information related to construction of industries, approvals from various institutions and other ancillary information, which will be launched soon.
The meeting was also informed that a comprehensive system has been launched to review the progress of projects under CPEC and to expedite the development work.
In addition, steps were being taken to increase investment in SEZs by identifying export industries. In the agriculture sector, not only work on corporate farming was in full swing, but also agreements were being made to increase the exports of the sector.
The prime minister directed authorities concerned to complete all the steps related to CPEC Phase II within the stipulated time.
The meeting was attended by Federal Ministers Asad Umar, Hamad Azhar, Advisers Shaukat Fayyaz Tarin, Moeed Yousuf, Special Assistant Dr Shahbaz Gill, Chairman CPEC Khalid Mansoor, Chairman Board of Investment Azfar Ahsan and relevant senior officers.