Minister for Planning, Development and Reforms, Ahsan Iqbal said last week that the relocation of Chinese industry in Pakistan would help create a huge number of jobs for local people. While addressing China Pakistan Economic Corridor (CPEC) Logistic International Forum organized by National Logistic Cell (NLC) he noted:
“After fixing of infrastructure under China Pakistan Economic Corridor (CPEC), Chinese industrialists plan to take advantage of low cost labour in Pakistan by relocating their industries in Special Economic Zones being constructed under CPEC, as they are unable to compete with Pakistan in terms of labour cost.”
The minister said 9 SEZs would be set up in all provinces under CPEC and the ownership of the SEZs had been given to the provinces, and all provinces were fully cooperating in efforts to establish the SEZs.
“Work on Peshawar-Karachi Motorway is in progress on full pace and hopefully it would be completed by end of next year.”