CPEC To Turn AJK Into Pakistan's Economic Engine: Masood Khan
Umer Jamshaid Published June 18, 2019 | 07:56 PM
The Azad Jammu and Kashmir President Sardar Masood Khan has exhorted the need of comprehensive planning to turn the liberated territory into the economic engine of Pakistan through China-Pakistan Economic Corridor (CPEC) initiative
MUZAFFARABAD (UrduPoint / Pakistan Point News - 18th June, 2019) The Azad Jammu and Kashmir President Sardar Masood Khan has exhorted the need of comprehensive planning to turn the liberated territory into the economic engine of Pakistan through China-Pakistan Economic Corridor (CPEC) initiative.
He was speaking as chief guest at a one-day conference on "special economic zone - future prospects and potential" which was organized here by CPEC Center of Azad Jammu and Kashmir University in collaboration with Institute of Strategic Studies Islamabad.
The conference was also addressed by Vice Chancellor AJK University Prof. Dr. Kalim Abbasi, Director (strategy) special economic zones Hassan N. Ansari and others. The state president said that one of four mega CPEC projects have been completed in Azad Kashmir while initial planning for two more projects has been worked out.
Similarly, work on Mansehra-Muzaffarabad-Mangla-Mirpur highway will start from the next financial year. He urged universities, academia and media of the country to besides highlighting its socio-economic benefits, effectively counter a negative campaign against the CPEC initiative.
He said that under the CPEC, nine special economic zones will be established across the country, and one of them will be established in Mirpur Azad Kashmir for which 1,185 acres of land has already been identified.
In the first phase, 571 acres of land will be acquired, while in the second phase, 614 acres of land will be purchased. Sardar Masood Khan said that feasibility study including environmental study, topographic survey and other technical formalities of Mirpur special economic zone have been completed, and handed over to the Chinese officials.
Special incentives have been offered by the AJK government for investment in Mirpur economic zone.
These incentives include the tax-free import of machinery and other equipment, construction of infrastructure, and permission to prospective investors to generate their own electricity to run the industries at the local level.
Sardar Masood Khan said that the state government has set up a board of investment (BOI) to attract investment by local and foreign investors as well as overseas Kashmiris, and work is in progress on a comprehensive policy to protect the capital of the investors and to restore their confidence.
While enumerating challenges and difficulties, the AJK president said that planning was being made to ensure natural gas supply and uninterrupted electricity supply to the economic zone, setting up a dry port, the introduction of e-filing system and laying of the railway link between Dina-Jhelum-Mirpur.
He said that the state government was trying to ensure speedy development works in special economic zones, resolve environmental issues on a priority basis, and to take on board the local industrialists and small business.
On this occasion, Vice Chancellor Azad Jammu and Kashmir University, Prof. Dr Kalim Abbasi threw light on the efforts of CPEC centre for projecting economic corridor project in its real perspective.
He also paid tributes to state president Sardar Masood Khan for effectively highlighting Kashmir issue at the OIC summit in Makkah. A memorandum of understanding was also signed between China-Pakistan Study Center of ISSI and the Azad Jammu and Kashmir University under which both the institutions will cooperate with each other in the field of education and research.
Related Topics
Recent Stories
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
Tennis: ATP/WTA Madrid Open results - 1st update
Long-lost Klimt portrait auctioned off for 30 mn euros
Osaka seals first win on clay since 2022 in Madrid
Earthquake jolts Karachi
Sindh minister orders operation after attack on police in Ghotki
TikTok to fight US ban law in courts
More Stories From Pakistan
-
Pakistan, UK discuss collaboration in education sector
39 minutes ago -
PMD forecast rain-windstorm/thunderstorm for various parts of country
1 hour ago -
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
1 hour ago -
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
2 hours ago -
Earthquake jolts Karachi
2 hours ago -
Sindh minister orders operation after attack on police in Ghotki
2 hours ago
-
Police book youngster for abusing student for one year
2 hours ago -
Police arrest 23 suspects, recover stolen money, phones
2 hours ago -
Colorful cultural festival concludes at NUML
2 hours ago -
Immunization awareness week kicks off in Balochistan
2 hours ago -
Ministers visit Aziz Bhatti Shaheed Hospital following roof collapse incident
2 hours ago -
IHC serves notices in petition against 'roti' price fixation
2 hours ago