China Asia Economic Development Association plans to invest $13 billion in Pakistan’s free trade zone
The China Asia Economic Development Association (CAEDA) plans to invest $13 billion in Pakistan’s free trade zone over the next five years, according to state-run Radio Pakistan.
This investment, initially projected between $8 billion and $13 billion, could eventually reach $30 billion. The free trade zone aims to meet both domestic and international market demands, featuring a duty-free shopping mall stocked with global goods for Pakistani consumers.
Additionally, CAEDA has sent 20 fishing boats to Pakistan, representing a $500 million investment. In collaboration with the Special Investment Facilitation Council, CAEDA is also negotiating agreements with the Ministries of Energy and Health to enhance investments in petroleum, solar power, and pharmaceuticals.
