February 21, 2024

Chinese Consul General Foresees elevated strategic partnership thru CPEC

Consul General

Chinese Consul General Foresees elevated strategic partnership thru CPEC

Karachi, Nov 30, 2023 — In a significant development, Yang Yundong, the Chinese Consul General in Karachi, highlighted the promising future of the China-Pakistan Economic Corridor (CPEC), stating that its focus on high-quality development is poised to elevate the China-Pakistan strategic partnership to greater heights.

This move is anticipated to contribute significantly to regional peace and prosperity.

During his visit to the Export Processing Zones Authority (EPZA) Head Office, Yang Yundong, accompanied by a high-powered delegation, expressed commitment to playing a bridging role in enhancing bilateral cooperation. He underscored the positive impact of industrial cooperation with EPZA, attracting an increasing number of Chinese enterprises to engage in multi-field industrial collaboration within EPZ.

Chairman EPZA, Dr. Saifuddin Junejo, extended a warm welcome to the visiting delegation and emphasized the importance of Pakistan-China relations in the contemporary world. He highlighted the strategic significance of CPEC for Pakistan’s economic transformation and regional prosperity, acknowledging the enduring friendship between the two nations.

Dr. Junejo stated, “Pakistan and EPZA offer excellent investment opportunities to Chinese businesses,” assuring that EPZA would make all-out efforts to facilitate Chinese investment in EPZs. He emphasized that EPZA is already providing facilities comparable to other industrial zones worldwide.

In a notable development, EPZA revealed plans to establish a multi-product EPZ spanning 1500 acres on the land of Pakistan Steel Mills. Dr. Saifuddin Junejo explained that this location aims to facilitate easy and cost-effective import/export operations, with the added advantage of readily available skilled labor in the area. This plan, discussed at a recent SIFC Executive Committee meeting, aligns with EPZA’s commitment to providing a friendly environment for Chinese industrialists and investors.

As ancient social and economic relations between China and Pakistan strengthen, the collaborative efforts of EPZA and Pakistan aim to foster a conducive atmosphere for Chinese businesses, further solidifying the enduring friendship between the two nations.