"Capital Smart City: Another master piece from the Capital Smart City launched one of its kind innovative & futuristic development - One Capital Residence." " "Nova City Islamabad has announced Nova City World - Overseas Block for its valuable customers. This state-of-the-art complex will offer luxurious modern amenities. " "Smart City has signed a MoU with Surbana Jorung. This will boast the position of Silicon Valley. " " Surbana Jorung will also design Cultural Village and some other miscellaneous projects" "RUDN Enclave: Development work in RUDN Enclave is on full swing. FWO also started construction of proposed Rawalpindi Ring Road." "Lahore Smart City’s new partnership with Galeria Designs, Raees Fahim, and Faisal Rasul. The future looks bright for Signature Villas!" "Dr Daniel been assigned the task of designing One Capital Residences would surely give birth to an aesthetic giant amidst the twin cities." "Alhamdolillah, with the grace of almighty Allah 2xHybird Double Decker Busses reached safely at Capital Smart City." "Capital Smart City has taken a pivotal step towards water filtration. This the filtration plant of capacity 4.5 Million Gallons per Day (MGD)."
November 18, 2021
CPEC Phase-II To Bring Prosperity And Investment Opportunities For Investors

CPEC Phase-II To Bring Prosperity And Investment Opportunities For Investors

Islamabad: China Pakistan Economic Corridor (CPEC) Chairman Khalid Mansoor said that the commencement of CPEC Phase-II will bring prosperity and create job opportunities for the country, news sources reported.

Addressing a delegation of 70 Chinese firms, he said that the government is providing high incentives for industrial development in Special Economic Zones (SEZs) with a 10-year tax holiday for investors.

As per the details, he said that the government is taking special care to develop all nine SEZs. The chairman said that four of the nine SEZs are at advanced stages of development where colonization has started. He said that the development of CPEC will bring prosperity and it will strengthen the bilateral ties between China and Pakistan.

Speaking on the occasion, Minister of Planning and Development Asad Umer said that more Chinese companies should explore areas of investment in Pakistan’s industrial sectors to boost employment and Foreign Direct Investment (FDI). He said that the government has reduced import duties on capital goods for the industrial units to encourage more colonization of SEZs.

On the occasion, the Chinese Ambassador to Pakistan Nong Rong said that the Chinese companies will work closely with the CPEC authority to create opportunities for investment in the second phase of CPEC.  It is pertinent to note that China and Pakistan are entering the second phase of CPEC.

The project is a flagship venture for both countries, under which China has pledged to invest USD 62 billion over the next decade in various sectors including agriculture, road infrastructure, industrial zones, and power generation.

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