Wednesday, March 31st, 2021
Labour-intensive industries top priority at Rashakai SEZ
ISLAMABAD, March 31 : Rashakai Special Economic Zone (RSEZ), a flagship project of CPEC has attracted thousands of investors; however, in the first phase, preference will be given to ‘labour-intensive industries’ and companies that could positively balance Pakistan’s trade. This was stated by Abdul Karim Tordher, Special Assistant to Chief Minister KP on Industries while talking to Gwadar Pro. Tordher said that an area of 700 acres would be developed in the first phase at RSEZ. “Against the available 700 acres of plots, we have received 0ver 2000 applications fromRead More
Dreams come true because of CPEC: Says Baluch leader
BEIJING, March 31 : Baluch leader Ahmed Iqbal Baloch, who is chairman of Pakistan’s Visionary Group appreciated the closeness brought by CPEC and the Belt & Raod Initiative (BRI) a lot. “The Chinese President Xi Jinping gave an excellent road map not only for China and Pakistan but also for the whole world. His idea establishes a good platform to the world regarding economy, trade, cultural exchanges, etc.,” Baloch praised the great initiative put forward by Xi Jinping in an interview with China Economic Net (CEN). Recording impression of hisRead More
Saudi plans economic overhaul with $3.2 trillion investment
Riyadh, March 31 : Saudi Arabia announced plans Tuesday to pump investments worth $3.2 trillion into the national economy by 2030, roping in the oil-reliant kingdom’s biggest companies in a major new economic diversification push. The announcement by de facto ruler Crown Prince Mohammed bin Salman underscores an effort to jumpstart the domestic economy as the top crude exporter battles high youth unemployment and a coronavirus-triggered downturn. “The total investment injected… into the national economy is expected to reach 12 trillion riyals ($3.2 trillion) by 2030,” Prince Mohammed said inRead More