Chinese companies intent to bring $3 bn investment to Pakistan

ISLAMABAD: A delegation of Chinese investment companies has apprised Prime Minister Nawaz Sharif of bringing $ 3 billion Investment Fund to Pakistan focusing on infrastructure development and energy sectors.

A consortium of Chinese investment companies called on PM Nawaz at the PM House here Friday.

The Chinese delegation also expressed its intent to explore possibility of starting a new airline in Pakistan after the permission from the government of Pakistan.

Talking to the delegation, Nawaz Sharif said Pakistan’s economic outlook had altogether changed in last three years and was being acknowledged globally.

He said Pakistan was among the year’s global top 10 improvers in ‘Doing Business 2017’ report.

Nawaz Sharif said the country’s investment policy had been designed to provide a comprehensive framework for creating a conducive business environment for the attraction of Foreign Direct Investment.

He said the country’s policy trends had been consistent, with liberalization, de-regulation, privatization, and facilitation being its foremost cornerstone.

Warmly welcoming the delegation, the Prime Minister appreciated the Chinese delegation’s fruitful interaction with Ministries of Finance, Petroleum and Natural Resources, Secretary Water and Power and Capital Development Authority.

The Prime Minister expressed hope that members of the Chinese delegation would have a productive visit in the backdrop of briefing by various Ministries about immense potential for investment in Pakistan’s infrastructure development, energy and communication sectors.

The Chinese side said that it is actively pursuing its investments in infrastructure, power, aviation and tourism sectors of Pakistan.