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March 16, 2012

Zardari woos Chinese investment

Top Story

March 16, 2012

ISLAMABAD: President Asif Ali Zardari Thursday said that there was a great opportunity for the Chinese investors to take advantage of the special business and investment opportunities being offered by Pakistan.
Talking to the Chairman Asia Investment Houtang Li Yan at Aiwan-e-Sadr, President Zardari said that Pakistan eagerly awaits Chinese investment in the new city Zulfiqarabad. He said that the proposed city would an engine of growth and would go a long way in generating economic activities. It will give tremendous boost to the social and economic uplift of the area besides creating enormous job opportunities, he said.
He appreciated the Chinese interest in the development of Special Economic Zones in the proposed city project. “These Economic Zones would not be confined to industrial and economic activities but would cover the entire range of activities in a modern metropolis,” he added.
Li Yan thanked the president for meeting and for government’s assistance and facilitation in their business ventures in Pakistan. His delegation included among others Chen Qi, DG China Petrochemical Corporation, Fang Fenglei, Chairman HOPU Investment, Professor Tang and others. Arif Shah Bukhari, Chairman KASB Finance was also present.
Meanwhile, President Zardari Thursday felicitated the President of PIA’s People’s Unity, Hidayatullah, and Muhammad Ashraf, the General Secretary of the Union, both belonging to the People’s Unity Group on their election and called upon them to dedicate themselves for the development of a contended workforce as a guarantee to lift the PIA from its current position.