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Non utilisation of $1b loan irks parliamentary panel


Non utilisation of $1b loan irks parliamentary panel
The committee urges FBR to provide concessions to industries to be set up at CPEC’s SEZs
ISLAMABAD:
A parliamentary panel has expressed extreme displeasure over delay in the process of completion of socio-economic projects under a $1 billion Chinese grant.
It has also asked the taxman and other stakeholders to provide concessions to industries to be set up at the Special Economic Zones (SEZs) to be built along the China-Pakistan Economic Corridor (CPEC).
The Parliamentary Committee on CPEC held its 36th in-camera meeting at the Parliament House on Wednesday. Presided over by MNA Sher Ali Arbab, the meeting expressed dissatisfaction over dilly-dallying in the process of completion of socio-economic projects under Chinese grant of $1 billion. ....

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