PAK / CN – Chinese eye steel and metal recycling plantAdviser to Prime Minister on China-Pakistan Economic Corridor (CPEC) Khalid Mansoor on Monday said that phase 2 of the corridor involved multi-billion dollar investments in Pakistan. The adviser said that the Chinese companies had been facilitated with a compliance regime and they were not required to obtain NOCs from 37 different departments before launching any investment project in the special economic zones. He said that under Phase-2, the Chinese companies would support in setting up Steel and Metal Recycling Plant in Gwadar within three years, which would produce metals worth $4.5 billion for exports, besides creating 40,000 jobs. He said that the Chinese companies would also help develop agriculture of the country on modern lines to enhance per acre yield and seed quality. READ Steel unit to start production at Rashakai SEZ soonSource: https://tribune-com-pk.cdn.ampproject.org/

Source: The Express Tribune February 24, 2022 05:20 UTC