Chinese investors to get land, electricity, gas, tax incentives: PM
ISLAMABAD – Prime Minister Imran Khan will visit the Saudi capital Riyadh on 23rd October 2021 to attend the “Middle East Green Initiative” hosted by the Saudi government.
The Prime minister was personally invited to the summit by Saudi Crown Prince Muhammad Bin Salman. The summit is scheduled from 23rd to 25th October.
The summit is the initiative of the Saudi crown prince under which the 50 billion trees would be planted across Middle East to tackle the growing challenge of climate change.
Prime minister Imran Khan will share his vision of climate change and steps taken to tackle the effects of climate change in Pakistan over the past 3 years.
The prime minister will also share the success story of his ‘Billion Tsunami Tree Campaign’ to the leaders attending the summit.
The other countries expected to attend the summit are Qatar, Kuwait, Bahrain, Iraq, and Sudan.
Prime Minister Imran Khan on the sideline of the summit will also hold bilateral meetings with the leaders of the participating countries.
Imran Khan will separately meet Saudi Crown Prince Muhammad Bin Salman and will discuss bilateral relations and regional security situation including the situation in Afghanistan.
Two leaders will also discuss growing economic and trade cooperation between the two countries.
Saudi Ambassador to Pakistan Nawaf Bin Said Al-Maliki had already delivered an invitation to Prime Minister Imran Khan.
The initiative also aims to propel the region towards achieving more than 10% of global carbon emissions reduction targets.
This will be Prime Minister Imran Khan’s 4th visit to Saudi Arabia in the last 3 years, which shows growing brotherly relations between the two countries in various fields.
Meanwhile, Prime Minister Imran Khan directed authorities to take all possible measures to provide land, electricity, gas and tax incentives to attract Chinese companies to invest in Pakistan’s Special Economic Zones.
Chairing a meeting on facilitating Chinese investors in SEZs in Islamabad on Monday, he said Pakistan needs investment to accelerate industrialization to create maximum employment opportunities for growing population. He said industrialisation will provide job opportunities for our 65 percent population which is under the age of 35.
The Prime Minister was briefed that work on five out of total 27 SEZs in the country is in full swing. These five SEZs, include Dhabeji in Sindh, Rashakai in Khyber Pakhtunkhwa, Bostan and Gwadar in Balochistan, and Allama Iqbal Industrial City in Punjab.
It was informed that an effective one-window operation facility is being set up at each of these SEZs and a Facilitation Center at the CPEC Authority to resolve issues of the potential Chinese investors under one roof.
Prime Minister Imran Khan also emphasised on ensuring participation of youth and children in the Ashra-e-Ramatul-lil-Aalameen celebrations.
He was speaking at a briefing in Islamabad on Monday regarding the strategy devised to celebrate 12 Rabi-ul-Awwal and Ashra-e-Ramatul-lil-Aalameen.
The Prime Minister said the principles set by the Holy Prophet Hazrat Muhammad [Sallallah-o-Alaihe wa Alehi wa Sallam Khatam-un-Nabiyyeen] for daily life need to be highlighted.
He said the Holy Prophet [Sallallah-o-Alaihe wa Alehi wa Sallam Khatam-un-Nabiyyeen] is a mercy for the whole universe and his life is a beacon of light for the humanity.
Federal Ministers Chaudhry Fawad Hussain, Dr Noor-ul-Haq Qadri and others also attended the briefing.
Mineral sector potential
Prime Minister Imran Khan says mineral sector has a huge potential and offers good returns for investment and it can contribute towards overall economic growth of the country.
Chairing a high level meeting regarding mineral development framework in Islamabad on Monday, he emphasized that a coordinated effort is required to beef up efforts for minerals development between the federation and provinces.
The Prime Minister directed that a focal person be appointed at the earliest to act as a bridge between the federal and provincial governments and to supervise implementation of minerals’ development framework.
He also directed that goals and targets of the mineral development framework be completed within their allocated timelines.