‘More Chinese companies keen to invest in Pakistan’

Islamabad : Chairman of the Council for Promoting South-South Cooperation (CPSSC), Lv Xinhua has said that more Chinese companies want to invest in Pakistan and they are now looking for opportunities and local partners.

CPSSC chairman is on a visit to Pakistan with the delegation of 28 Chinese entrepreneurs including government and private companies.

While talking to media Lv Xinhua has said that purpose of his visit to Pakistan to know about investment opportunities and local business environment in Pakistan.

He said legal framework in Pakistan is sound and comprehensive. Pakistan government had already played good role to provide business good environment and security to Chinese companies.

He said China and Pakistan are developing countries and there is always room for improvement in government department. “To attack more foreign investment Pakistan should focus on hardware and software facility.”

Elaborating his point Mr. Lv said hardware facility means water, electricity and gas for the foreign companies and for software mean facilities of government departments. “There is always room for improvement,” he added.

He further said if Pakistani government will care for the need of Chinese companies working here and would solve their issues then not only Chinese companies but other foreign would also attract.

Briefing about delegation of 28 Chinese companies Mr. Lv said most of companies visiting Pakistan for the first time.

He said these 28 companies has specialty in different sectors including energy, construction, security services, electronic devices, investment, infrastructure, environmental protections, building material such as cement, textile, chemicals industry, education and food processing.

Mr Lv told that these companies had business to business meeting with local Pakistani companies. He said Pakistan government should make more attracting business plans and secure foreign investment to attract foreign companies. “Government should be very strong in term of securing foreign investment,” he added.

Talking about China Pakistan Economic Corridor (CPEC), he said duration of CPEC is from 2017 to 2030. He said during this period many projects would be completed and after that more would be start under CPEC.

He said China and Pakistan is working to improve living standard of the people and improve regional development.