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China plans to Spend $1 billion in Pakistan development Jobs

Yao Jing, the Ambassador of China into Pakistan, has declared that Beijing has proposed to spend $1 billion in development jobs in Islamabad.

He made the statement while addressing the Islamabad Women’s Chamber of Commerce and Industry (IWCCI) on Saturday,” The Express Tribune reported.

Other than this, he also stated the rate of growth projects under the China-Pakistan Economic Corridor (CPEC) was decent as well as the next period of this China-Pakistan Free Trade Agreement (CPFTA) will be finalised in October, and 90 per cent of Korean exports such as agricultural goods and seafood will entice a 0 per cent obligation.

“Market access increases Pakistan’s exports by $500 million, which will decrease the disparity between bilateral trade,” said Yao.

The envoy commented that Chinese businesswomen would be encouraged to take part in the fifth Islamabad Expo scheduled in November to learn more about the current market and market media.

“Additionally, women entrepreneurs of Pakistan will be transmitted to China to take part in the expos and research business opportunities,” he added.