"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. " "Nova City Frist valeting held, 21st May 2022." Alhumdulillah Congratulations everyone. LSC has taken another step towards our commitments." " RUDN Enclave: Development work in RUDN Enclave is on full swing. FWO also started construction of proposed Rawalpindi Ring Road." "Lahore Smart City: Allocation of plots in sector A & B of Lahore Smart City will be started from 1st June 2022." "Capital Smart City: Selection of Harmony Park, Overseas East and Central has been started. Last date for selection is 22nd, May 2022, balloting will be held on 30th May, 2022."
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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