Prime Minister Shehbaz Sharif approves Chinese industries relocation project

Prime Minister Muhammad Shehbaz Sharif has given the green light for a groundbreaking project that will see Chinese industries moving to Pakistan. This initiative, a collaboration between Chinese and Pakistani companies, aims to boost economic growth and create job opportunities in Pakistan.

The Prime Minister's decision comes in the wake of his recent visit to China, where discussions on enhancing bilateral trade and investment took place. As part of the project, a review of the legislation governing the Special Economic Zones One Stop Shop Law has been ordered to ensure a smooth transition for the relocated industries.

China and Pakistan have a long-standing strategic partnership, with China being one of Pakistan's largest trading partners and investors. The relocation of Chinese industries to Pakistan is expected to further strengthen this relationship and pave the way for increased economic cooperation between the two countries.

The approval granted by Prime Minister Muhammad Shehbaz Sharif marks a significant milestone in the economic development of Pakistan. The collaborative project to relocate Chinese industries not only signifies a deepening of ties between China and Pakistan but also holds the promise of economic prosperity and job creation for the people of Pakistan.