/news/cpec-jwg-discusses-revival-pakistan-steel-mills.html
CPEC JWG discusses revival of Pakistan Steel Mills - Zameen News

CPEC JWG discusses revival of Pakistan Steel Mills

October 23, 2019 • news

Islamabad: The Joint Working Group (JWG) on Industrial Cooperation, one of the seven bodies working under the Joint Cooperation Committee (JCC) of the China-Pakistan Economic Corridor (CPEC) project, recently held a meeting to discuss the proposed revival of the Pakistan Steel Mills (PSM), a news source reported.

Read: JWG agrees to expedite work on CPEC’s western route

Previously, the federal government had announced its decision to revive the now-defunct steel-production facility. During his latest visit to China, Prime Minister (PM) Imran Khan had decided to hand over the project to the Chinese authorities through a government-to-government agreement.

Read: Govt to revise incentives for SEZs under CPEC

Further, the meeting agreed to enhance industrial cooperation, business-to-business linkages and Chinese investments in Pakistan. As per officials, Beijing aims to improve the industrial competitiveness in Pakistan through the transfer of technology to the latter’s industries – as well as through the introduction of management training programmes.