Pakistani Prime Minister Imran Khan said that the Rashakai Special Economic Zone (SEZ) which will be developed under the China-Pakistan Economic Corridor (CPEC) in Khyber Pakhtunkhwa (KP) will change the fate of the region by creating opportunities for ’employment.
Addressing the signing ceremony of the Rashakai SEZ development agreement here on Monday, Khan said poverty is being reduced at the KP through the efforts of the provincial government, but despite this, employment opportunities are very limited in the province and people have to leave. their families behind to find jobs in other parts of the country and abroad, reports the Xinhua news agency.
“I am delighted that the formation of the SEZ will improve the industrialization of the province and that people will be able to find employment without having to leave their homes to earn a living,” he said.
Speaking about the role of CPEC in regional connectivity, the prime minister said that with peace in Afghanistan, Pakistan will be connected to countries in Central Asia who will use the multibillion dollar project for trade, which will bring the development to the whole region.
He said that Pakistan is focusing on industrialization and that with the development of the Rashakai SEZ and the like, it can attract Chinese industries and profit from them.
China Road and Bridge Corporation (CRBC) and Khyber Pakhtunkhwa Economic Zones Development and Management Company will jointly implement the Rashakai SEZ project.
According to CRBC, the Rashakai SEZ project will play an exemplary and leading role in industrial cooperation between China and Pakistan, facilitating the high-quality development of CPEC.
The Rashakai SEZ is expected to cover around 1,000 acres of land and will be developed in three phases, the CRBC said.
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