ISLAMABAD: The China Asia Economic Development Association (CAEDA) is set to invest 13 billion dollars in Pakistan’s free trade zone over the next five years.

The initial investment plan ranges from 8 to 13 billion dollars, with expectations to eventually reach 30 billion dollars.Azfar Ahsan Meets Saudi Investment Minister to Foster B2B Investments

This free trade zone is designed to meet both Pakistan’s domestic demands and those of the global market. It will feature a duty-free shopping mall where international products will be accessible to Pakistani consumers.

Additionally, the China Asia Economic Development Association has dispatched 20 fishing boats to Pakistan, backed by an investment of 500 million dollars.

Supported by the Special Investment Facilitation Council, a delegation from the Association engaged in discussions with the Ministries of Energy and Health regarding agreements on refined petroleum products, solar power grid connections, and investments in the pharmaceutical sector.