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CPEC trickle-down effect to be realised in Pak SEZs: FPCCI

01
Apr '19
CPEC trickle-down effect to be realised in Pak SEZs: FPCCI
The trickle-down effects of the China-Pakistan Economic Corridor (CPEC) will be achieved from the special economic zones (SEZs) and relocation of industries from China, according to Mirza Ikhtiar Baig, senior vice president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). He was speaking at the Pak-China Investment and Trade Forum in Islamabad.

The meeting was organised by FPCCI, the embassy of China and the Chinese Council for Promoting South-South Cooperation. About 60 Chinese companies participated in the forum.

Highlighting the special government incentives for investors for SEZ industries like one-time exemption from duty and taxes on import of plant and machinery and 20 years of tax exemption, he stressed on the benefits of relocation of industries, mainly from the textile sector in China, to the SEZs, according to an FPCCI release. (DS)

Fibre2Fashion News Desk – India


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