President Pak-China Joint Chamber of Commerce and Industry urges early completion of CPEC projects - Press Release issued by Pakistan China Joint Chamber of Commerce and Industry.

Lahore -- May 19, 2021 (PPI-OT)

Following is the text of press release issued by Pakistan China Joint Chamber of Commerce and Industry (PCJCCI)

Quote

Mr. S.M Naveed, President Pak-China Joint Chamber of Commerce and Industry (PCJCCI) has urged the early completion of CPEC projects which are destined to open up plenty of new opportunities for young entrepreneurs in Pakistan. It was stated by him while addressing an online meeting of PCJCCI Think Tank. The meeting was attended by Mr. Daud Ahmed, Senior Vice President, Mr. Khalid Raffique, Vice President, Mr. Salahuddin Hanif, Secretary General and a number of the Executive Committee Members of PCJCCI.

Mr. S. M. Naveed observed that the CPEC had entered into the most important phase, where the projects were not merely limited to infrastructure. The new projects, he said, will bring modern technology and advancement in the overall industrial sector of Pakistan. He appreciated the government for paying equal attention to CPEC despite an emergency because of Corona Pandemic in the country. He also applauded the government efforts to handle prevailing Pandemic in a prudent manner. He hoped that the second phase of CPEC would be completed within the stipulated timeline by moving forward on the fast track.

Mr. Daud Ahmed, Senior Vice President PCJCCI said that the Century Steel, a Chinese firm with the investment of $240 million, is about to set up a steel mill in Rashakai SEZ which would produce about 1.5 million tons of steel. The firm would also employ over 600 Pakistanis during construction phase while in second phase over 1000 people would be provided jobs. He added that the young generation is deprived of jobs due to the...