‘Pakistan, China to make bilateral investments in various sectors’

Islamabad:As many as, 25 major Chinese investment companies have expressed their deep interest in investing heavily in Pakistan. In a Business Roundtable Conference of Chaoyang District, Beijing including agriculture, automobile, electrical alliances, pharmaceuticals, logistics, medical equipment and technology companies are included, says a press release.

Federal Minister for Board of Investment, Privatisation & Communications Abdul Aleem Khan presided over this heavily attended conference arranged at Pakistani Embassy in China. Country Director of Hong Kong business group Anna Su, Mayor of Daming County Li Shuang, Chief Adviser Qin Linzheng, Deputy Mayor Sun Deshi, Group President of Lianghao Li Hui, Qin Linz Heng and Ambassador of Pakistan to China Khalil Hashmi addressed this Conference which discussed the cooperation between China and Pakistan and various MoUs were signed in the fields of textile technology, agriculture and animal husbandry. The Director of Trade City Administrative Commission Qu Zong Kuan also delivered speech. Federal Minister, in his key note address said that Pakistan’s population consists of 70% youth which is the 5th largest country in the world with a population of 23 million and where better labour and more consumers are available.

Abdul Aleem Khan said that with China we will make bilateral investments in education, technology and various sectors in Pakistan who is a major partner in China’s Belt Road Initiative (BRI) and project besides CPEC. He further said that Pakistan has the 2nd largest reserves of coal and the 7th largest reserves of copper while we can become the centre of business activities in the region by improving the agriculture and livestock sectors. He said that for investment the atmosphere in Pakistan is favourable, we will welcome Chinese companies to shift their industry and today’s round table will be a milestone in this regard.

Moreover, Chairman of China Roads and Bridges Corporation Du Fie along with his delegation held a meeting with Federal Minister for Board of Investment and Communications in Beijing regarding the interest in privatisation of DISCOs in Pakistan and investment in the Special Economic Zone of Karachi.

Chinese officials offered mutual cooperation in the projects of Sukkur-Hyderabad Motorway M-6, Hyderabad-Karachi Motorway M-9, Karakoram Highway (KKH) Phase Two, Mansehra, Naran Kaghan, Babusar Tunnel to Karakoram Highway.