March 04, 2010

China to Build Big SEZ in Pakistan

Pakistan papers say that a delegation from a Chinese entity called Asia International Development signed an agreement with the Punjab Industrial Estates Development & Management Company to build a giant industrial city of 100,000 acres or more outside Lahore, capital of Punjab in Pakistan.

Exactly where the special economic zone (SEZ) will be located is unknown but word is it will be near important transport corridors such as the Lahore Ring Road begun five years ago. From there it is not far to connect with the Karakoram Highway and railway projects currently planned or under construction by Chinese business and government interests or connect to the port at Karachi or perhaps in the future Gwadar. China builds industrial zones with an eye to finished processing and as a form of export substitution. A developed deep water port at Gwadar may some day ship containers filled with China origin goods finished in Pakistan....

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