China, Pakistan to finalise deal to develop SEZ under CPEC

TIL Desk/World/Islamabad/ A team of China Road and Bridge Corporation (CRBC) is expected to visit Pakistan by the end of December to finalise an agreement for the development of the Rashakai special economic zone (SEZ) under the China-Pakistan Economic Corridor (CPEC), a Pakistani official said on Friday.

“The agreement will be finalised between Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) and CRBC later this month,” Executive Business Development and Media at KPEZDMC Arbab Harron told. Without giving exact date for the finalisation of the agreement.

Harron said fast-track development of the Rashakai SEZ is the top priority of the government, adding that it will play an important role in progress and prosperity of the country by encouraging industrialization and economic uplift.

The company has planned to send a delegation to Pakistan by the end of December to discuss the agreement for the development of the Rashakai SEZ, but the exact date will depend on the coordination with the Pakistani side, a CRBC official said.