BEIJING: Khyber Pakhtunkhwa, which shares a border with Afghanistan and regarded as a gateway province to Central Asia, is looking to reap the benefits of a China-backed special economic zone.
Representatives from China and Pakistan early this month signed a memorandum of understanding for the development of the economic zone in the northwestern province. Its signing ceremony was held in the office of PM Imran Khan, who formally inaugurated the programme, according to China Daily.
The Rashakai Special Economic Zone the first of nine such zones proposed for Pakistan will take shape as part of the China-Pakistan Economic Corridor. According to official documents, the China Road and Bridge Corporation, and the Khyber Pakhtunkhwa Economic Zones Development and Management Company will jointly implement the Rashakai Special Economic Zone project.
–The Daily Mail-China Daily news exchange item
