Pak-China JCC committee to meet on Thursday

BEIJING, Dec 15 (INP): The 8th meeting of Joint Coordination Committee (JCC) on China Pakistan Economic Corridor (CPEC) will be held here on Thursday.

The JCC is most important official forum for undertaking CPEC’s relating projects and issues through mutual consultation with consensus.

It is expected to sign a framework agreement on industrial cooperation to pave the way for development of special economic zones (SEZs).

Under the framework, Chinese and Pakistani investors will be encouraged to relocate their industries, promoting business in SEZs, officials said here on Saturday.

Pakistani side will be led by the Federal Minister for Planning and Development Makhdum Khusro Bhaktair. It may include all the four provincial chief ministers, prime minister of Azad Jammu and Kashmir and chief executive of Gilgit-Baltistan.

According to the sources, Pakistan has decided to place several key projects before the JCC during its upcoming meeting.

These projects include $2 billion Karachi Circular Railway (KCR), socio-economic development projects from all provinces and Gwadar infrastructure projects.

Earlier, in the 7th meeting JCC was held Islamabad that had reviewed and approved the various development projects under the CPEC.