Proposed New economic City Project will prove to be Island of Economic transformation if executed in true Spirit: Shah Faisal Afridi

Lahore, July 14, 2016 (PPI-OT): “The Proposed “New economic City” Project will prove to be the Island of Economic transformation if executed in true Spirit”. It was stated by Shah Faisal Afridi, President Pak-China Joint Chamber of Commerce and Industry during a Joint Visioning Session held at PCJCCI. The Discussion session was held especially with a delegation from Planning and Development department to exchange views and opinions regarding a mega project named as “New Economic City”. The project approved by Government is planned to be started under the auspices of The Urban unit of Punjab Planning and Development department.

The Delegation was comprised of Ms. Samita Khawar, Director Public Sector and Government Practice, Mr. Ali Agha, Project Manager, Mr. Nadeem Khursheed, Senior Urban Planning Specialist and Chinese Consultants Mr. Richard Wang and Mr. Jermaine Liao, who were especially hired for the project of New Economic City. Other dignitaries present in the discussion were Mr. Saleh M. Ameen, CEO Watts Engineering Services, Mr. Khawaja Waheed, Director Watts engineering services and Mr. Moazzam Ghurki, CEO Intuit Pvt. Ltd.

Shah Faisal Afridi highly acknowledged the project and said that by isolating economic and social reform to this model economic city, the government hopes to create controlled “islands of change” that will develop liberal ideas from rest of the country. He suggested that the project should be linked with CPEC so as to shape it up as a logical dry port of Gwadar.

He observed that Chinese investors would become active players into the project, as there is a vast scope of industrial relocation in sectors such as textile, construction material and machinery, food, livestock, dairy, mineral and gemstones, handicrafts, insurance and many more from China. At the same time, Pakistani workforce is eager to learn from Chinese experience, therefore; a Pak-China training centre should also be established within the NEC, and he added and suggested to undertake sustained efforts at both public and private sector for the successful execution of the project.

Various propositions and suggestions were exchanged during the session and it was jointly agreed that Chinese technology and Pakistani labour and raw material resources, if amalgamated can bring sustainable development in this project. Moreover, it was observed that Government should focus to fill in the communication gaps between Chinese and Pakistani investors and for this, help desks should be organized and specialized persons should be deputed for catering the queries.

Ms. Samita Khawar, Director Public Sector and Government Practice told that the proposed New Economic City will be a specialized city comprised of interlinked Industrial clusters coupled with all domestic infrastructure facilities capable of catering to the needs of civilians associated to that area. She further informed that the industries set up in New Economic City (NEC) will be primarily labour intensive and market driven.

Adding to the characteristics of the New Economic City project, Mr. Ali Agha, Project Manager of NEC told that the city will be devoted to setting up specialized industries through joint efforts of public and private sectors having government serving as a regulator, facilitator and promoter Whereas, the private industries will be providing capital, technology transfer, land ownership and development, Mr. Agha said.

For more information, contact:
Wardah Ali Gohar
Media Manager
Pakistan China Joint Chamber of Commerce and Industry (PCJCCI)
Mega Tower, 309 – 6th Floor,
Main Boulevard, Gulberg II,
Lahore, Punjab – Pakistan
Tel: +92-42-35777460-02, +92-42-37032203, +92-42-35874353
Fax: +92-42-35777524
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