ISLAMABAD - Acting Chinese Ambassador Zhao Lijian on Monday announced that China will set up a steel factory in Gwadar.
The steel factory will be three times bigger than the free economic zone being set up in the Gwadar city, and an agreement in this regard between China and Pakistan will be signed soon, Zhao Lijian said while speaking at a conference on the China-Pakistan Economic Corridor (CPEC) organized by an Islamabad based think-tank, Strategic Vision Institute (SVI).
The conference was informed that the sixth meeting of Pak-China Joint Cooperation Committee (JCC), the principal decision-making and implementation forum of CPEC, was scheduled to be held in China on Dec 28-29. The focus of the meeting would be on industrial investment cooperation and new transportation projects including Keti Bunder Port, Airport in Thar (Islamkot) and the next phase of the Karakoram Highway.
The conference, which was attended by representatives of academia, think tanks, diplomatic corps and media, aimed at analyzing the potential benefits of the mega infrastructure-cum-communications project for both Pakistan and China.
Zhao Lijian the steel factory would help further expedite economic developments being carried out under CPEC framework.
He said industrial cooperation was the forth pillar of the CPEC initiative and both the countries would discuss it at the next meeting of the JCC.
Zhao Lijian expressed satisfaction at the pace of progress of CPEC projects. He said the upcoming JCC would focus on industrial investment cooperation under which an industrial zone would be established in every province. While talking about Gwadar airport up-gradation, he said that the new international airport would have landing facility for all the modern aircraft including A-380 airbus after completion, adding, prior to the up-gradation only C-130 or propeller-planes could land at the old airport.
http://nation.com.pk/E-Paper/Lahore/2016-12-20/page-8/detail-1
The steel factory will be three times bigger than the free economic zone being set up in the Gwadar city, and an agreement in this regard between China and Pakistan will be signed soon, Zhao Lijian said while speaking at a conference on the China-Pakistan Economic Corridor (CPEC) organized by an Islamabad based think-tank, Strategic Vision Institute (SVI).
The conference was informed that the sixth meeting of Pak-China Joint Cooperation Committee (JCC), the principal decision-making and implementation forum of CPEC, was scheduled to be held in China on Dec 28-29. The focus of the meeting would be on industrial investment cooperation and new transportation projects including Keti Bunder Port, Airport in Thar (Islamkot) and the next phase of the Karakoram Highway.
The conference, which was attended by representatives of academia, think tanks, diplomatic corps and media, aimed at analyzing the potential benefits of the mega infrastructure-cum-communications project for both Pakistan and China.
Zhao Lijian the steel factory would help further expedite economic developments being carried out under CPEC framework.
He said industrial cooperation was the forth pillar of the CPEC initiative and both the countries would discuss it at the next meeting of the JCC.
Zhao Lijian expressed satisfaction at the pace of progress of CPEC projects. He said the upcoming JCC would focus on industrial investment cooperation under which an industrial zone would be established in every province. While talking about Gwadar airport up-gradation, he said that the new international airport would have landing facility for all the modern aircraft including A-380 airbus after completion, adding, prior to the up-gradation only C-130 or propeller-planes could land at the old airport.
http://nation.com.pk/E-Paper/Lahore/2016-12-20/page-8/detail-1
