Hundreds of industries to get support through CPEC

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KARACHI: Managing Director of Fazal Steel Mills, Karim Aziz here on Thursday said that China-Pakistan Economic Corridor (CPEC) will benefit around 250 industries of country.

Managing Director of Fazal Steel Mills said while talking to APP that the project will also reduce unemployment in the country, so it should not be politicized,

He said the project will 100 percent benefit the steel industry and new investment is the necessity of time to promote the steel industry in country. The project will promote the bilateral, social, trade and cultural relations between Pakistan and China, he added.

“CPEC would benefit all provinces of country and Pakistan would emerge as the economic hub in the region”, said Karim Aziz.

He informed that the steel industry is facing challenges because steel is being imported from China and local industry is unable to compete with Chinese imported steel. Steel raw material should only be imported from China but not the bar or other products so that the local industries could be saved.

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