اردو
  • Joint committee on CPEC to ink industrial framework agreement on Dec 20

    Joint committee on CPEC to ink industrial framework agreement on Dec 20 File Photo

    The Joint Coordin­ation Committee (JCC) of the China-Pakistan Economic Corridor (CPEC) will meet on December 20 in Beijing to sign a framework agreement on industrial cooperation and pave the way for development of special economic zones starting with Rashakai in Khyber Pakhtunkhwa.

    According to an official announcement, the Cabinet Committee on CPEC met on Friday and gave the go-ahead to sign industrial cooperation framework with China and encourage Chinese investors to relocate their industries.

    The meeting was chaired by Federal Minister for Planning, Development and Reform, Makhdum Khusro Bakhtyar.

    An official said a final version of the framework agreement on industrial cooperation had been shared with the Chinese side.

    He said all the four provincial chief ministers, prime minister of Azad Jammu and Kashmir and chief executive of Gilgit-Baltistan would be part of the Pakistani delegation. The Pakistani side will attend the 8th JCC led by federal planning minister.

    The committee also issued instructions to relevant agencies to finalise a schedule for the groundbreaking of Rashakai Economic Zone at the earliest by removing all bottlenecks.

    The KP government has already entered into an agreement with the China Road and Bridge Corporation (CRBC) for the development of Rashakai Industrial Zone in two years.

    The two sides, he said, would formally launch the Rashakai development project under which the Chinese firm would simultaneously launch a marketing campaign to attract investors.