Islamabad, March 18 (SocialNews.XYZ) If political stability remains intact, the Chinese commitment of $20 to $30 billion investments for establishing a petrochemical complex and relocation of refineries at Gwadar could be materialised, Special Assistant to Pakistan Prime Minister (SAPM) on CPEC, Khalid Mansoor, said, The News reported.
"If we ensure political stability, Chinese companies are going to make huge investments ranging from $20 to $30 billion for establishing the petrochemical complex and relocation of two refineries at Gwadar over the next years. We used to talk more and work less but now things are in place to make it a reality," Khalid Mansoor confirmed to The News after addressing the Pakistan Petrochemical Symposium organised by the Corporate Pakistan Group in collaboration with the OICCI and other partners.
Earlier, in his address, he said that on the way forward, there is a need to formulate a policy framework for the Thar Coal gasification. The Thar Chemical Industrial Zone might be established with Special Economic Zone (SEZ) incentives, development and implementation of infrastructure projects in Thar.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
