11 CPEC economic zones to be set up in Baluchistan

Islamabad: Federal Secretary of Board of Investment, Iftikhar Hussain Babar has said; eleven economic zones;out of total thirty-three of China-Pak Economic Corridor,eleven economic zones; (CPEC) will be setup in Baluchistan.

This, he said while talking to traders at Chamber of Small Traders and Small Industries in Quetta. He assured Baluchistan's traders that the federal government will extend cooperation to attract foreign investment in the province. Babar said that China Pakistan Economic Corridor would help in resolving unemployment issue as it would open new vistas of development in the region.

The China–Pakistan Economic Corridor (CPEC) is an ongoing development megaproject which aims to connect Gwadar Port in southwestern Pakistan to China’s northwestern autonomous region of Xinjiang, via a network of highways, railways and pipelines to transport oil and gas.

The economic corridor is considered central to China–Pakistan relations and will run about 3,000 km from Gwadar to Kashgar. Overall construction costs are estimated at over $46 billion, with the entire project expected to be completed in several years. The Corridor is an extension of China’s proposed 21st century Silk Road initiative.

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