Kashgar Special Economic Zone to benefit Pakistan: Chinese official

Islamabad, May 12, 2011 (PPI): A top official of China has said that his country is developing one of the biggest economic zones in the world which will also benefit Pakistan’s economy.

Deputy DG of Standing Committee of the People’s Congress of Xinjiang Uygur Autonomous Region, Muhametmin Yashen (Muhammad Amin Yasin) said this while speaking to business community at the residence of Raza Khan, Chairman Coordination FPCCI.

Yashen said that in west we have economic powerhouse like Shenzhen and in east we have Kashi (Kashgar) Special Economic Zone in just few hundred kilometres from Pakistan’s border.

Flanked by Deputy Chief of Mission, Chinese Embassy Huang Xilian and other officials, he said that they are organizing first ever China Asia-Europe Expo in Urumqi scheduled Sept 1-5. He called upon business community to participate in the fair.

Yashen, who is leading a 50-member delegation, said that Kashi economic zone will bring prosperity to the whole region while expo will provide an interaction opportunity.

At the occasion Raza Khan said Chinese investors should explore opportunities in sectors like finance, banking, power, alternative energy, IT, engineering goods, textile machinery, agriculture, agro-based industry, food, fruit processing, packaging, livestock, dairy-farming and real estate sectors.

He said that Pakistan can help China in its plans to tap the vast potential of export market of Islamic countries.

Raza Khan demanded special packages and incentives for Pakistani business community in the Kashi Special Economic Zone.