The China Asia Economic Development Association (CAEDA) is planning to invest $13 billion in Pakistan’s free trade zone over the next five years, according to Radio Pakistan. This investment was initially expected to be between $8 billion and $13 billion, but it could grow to as much as $30 billion in the future.
The free trade zone will cater to both local and global markets and will feature a duty-free shopping mall, offering international products to Pakistani consumers without additional taxes.
In addition to this, CAEDA has already sent 20 fishing boats to Pakistan, representing an investment of $500 million. This effort is part of a larger plan to support Pakistan’s economy and strengthen trade ties between the two nations.
Moreover, CAEDA is working closely with the Special Investment Facilitation Council to explore further investment opportunities. They are in talks with Pakistan’s Ministries of Energy and Health to expand their efforts into new areas such as petroleum, solar energy, and pharmaceuticals. These negotiations aim to increase CAEDA’s role in supporting Pakistan’s growth in these important sectors.
