The speed at which development projects under the china - pakistan economic corridor(CPEC) was satisfactory and the second phase of the china - pakistan free trade agreement (CPFTA) will be finalised in October, said Yao Jing,  the ambassador of china to pakistan


Yao Jing the ambassador of china to pakistan has announced that Beijing has planned to invest $1bn in development projects in Islamabad. This news was declared by him while talking at the Islambad women's chamber of commerce and industry (IWCCI) on Saturday. 90 percent of pakistan exports including agricultural products and seafood will attract a 0 percent duty. 
Yao also said that market needs will raise pakistan's export by $500 million, which will reduce the disparity between  bilater trade. 


He also remarked that Chinese business women would be invited to participate in the fifth islambad expo scheduled in November to explore the market and promote networking. And also business women from pakistan would be sent to china to participate in business opportunities. 


CPEC is willing to fastly modernize pakistan's infrastructure and build strong it's economy by the construction of modern transportation networks, many energy projects and special economic zones. Over $33 billion worth of energy infrastructure are being constructed by private consortia to help alleviate pakistan's chronic energy shotages.



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