FPCCI hails Establishment of CPEC Authority - Press Release issued by Federation of Pakistan Chambers of Commerce and Industry.

Karachi -- October 17, 2019 (PPI-OT)

Following is the text of press release issued by Federation of Pakistan Chambers of Commerce and Industry (FPCCI)

Quote

Engr. Daroo Khan Achakzai, President of Pakistan Chambers of Commerce and Industry hailed the Prime Minister of Pakistan decision to establish China Pakistan Economic Corridor (CPEC) Authority with an objective to accelerate the pace of CPEC related activities, find new drives of growth, unlock the potential of the interlinked production network and global value chains through regional and global connectivity.

The President FPCCI termed it a positive development for early completion of ongoing projects and removal of hurdles/bottleneck in the projects. He hoped that the creation of CPEC Authority would start a new phase of Joint Ventures and investment in Pakistan that would promote industrialization, create new jobs, help in alleviating unemployment and poverty and enable the economy to be on the path of sustainable growth.

The President FPCCI also appreciates the Government for granting tax and tariff concession to Gwadar ports and its adjunct Special Economic Zones and emphasized the granting same facilities to the local investors and businessmen. He also underscored the need to take FPCCI on board of CPEC Authority so that...