Editor s note: Cheng Xizhong, Visiting Professor at Southwest University of Political Science and Law，Senior Fellow of the Charhar Institute, former Defense Attache in South Asian countries. The article reflects the author s opinions and not necessarily the views of China Economic Net.
Pakistan’s coastline is about 980 km long, bifurcated in two parts, Sindh Coast and Makran Coast. The Exclusive Economic Zone (EEZ) of Pakistan covers an area of about 240,000 square kilometers.
The above waters are rich in aquatic products resources, but now Pakistan s aquatic products do not occupy an important position in its export commodities. The important reason is that aquatic products enterprises in Pakistan have not realized the extreme importance of developing the huge potential of added value of aquatic products.
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Daily Times
April 28, 2021
An oilseeds extraction plant near CPEC’s flagship Rashakai SEZ is being established with a hefty amount of Rs. 600 million. This will be on the background of rising demand for vegetable oils in China and concessions granted to Pakistani exporters under the China-Pakistan Free Trade Agreement-II.
A report published by Gwadar Pro on Tuesday says China has eliminated tariffs on 313 major export items from Pakistan under the upgraded FTA, which also includes various seed oils. The plant is being set up by Engineer Syed Mehmood. The first-of-its-kind facility in KP shows how big opportunities have been brought about by the China-driven investment to Pakistan’s smallest and second-most deprived province. The plant will be the second one of its nature in Pakistan, an official said.