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Govt will launch big economic transformation projects under CPEC in Karachi: Ali Zaidi

Govt will launch big economic transformation projects under CPEC in Karachi: Ali Zaidi
September 25, 2021 Web Desk

KARACHI (92 News) – Federal Minister for Maritime Ali Zaidi said that the federal government will launch big economic transformation projects under China Pakistan Economic Corridor (CPEC).

Talking to 92 News on Saturday, he said that the Karachi Coastal Comprehensive Development Zone project will prove to a game-changer for Pakistan. "China will make investment of US$3 billion, while the Karachi Port Trust (KPT) will be a partner," he added.

Ali Zaidi said thaat over 600 hectres of marshy land will be made usable. "Karachi will be among top ports of the world. The project will also provide residences to over 20,000 families living in Katchi Abadis," he maintained.

He said that the project will remarkably increase the industrial cooperation and progress among both countries.