China-Pakistan Economic Corridor (CPEC) Authority Chairman Lt Gen (retd) Asim Saleem Bajwa has said that the development work on Allama Iqbal Special Economic Zone (SEZ) in Faisalabad is in full swing. Allama Iqbal SEZ (Fsd)Dev work in full https://t.co/sipigjMeSy saleable land 2276 acres.33% land purchased by 69 investors so far.182 acres purchased by 7 foreign investors. The SEZ has great potential for attracting foreign direct investment (FDI), employment generation and contribution towards exports. On Wednesday, Bajwa had said that the 88 per cent work on 720-megawatt Karot Hydropower Project — CPEC's first hydropower project — has been completed. #CPEC: 720 MW Karot Hydropower Project (1st CPEC Hydropower Project), Investment $ 1720 M,88% work been completed, expected completion April 2022.

Source: The Express Tribune May 17, 2021 18:56 UTC