Chinese companies assures to invest $5 billion in Pakistan
The Head of various Chinese companies have assured to invest 5 billion dollars in Pakistan in next three to five years.
The Chinese business community expressed its investment interest in Pakistan during a meeting with Prime Minister Imran Khan in Islamabad today (Friday).
Fifty-five heads of various Chinese companies were included in business delegation.
Adviser on Finance Abdul Hafeez Sheikh, Adviser on Commerce Abdul Razaq Dawood, Minister for Planning and Development Makhdoom Khusro Bakhtiar, Chairman Board of Investment Zubair Gilani and Chairman FBR Shabbar Zaidi also attended the meeting.
The interest of Chinese companies representing small and medium-sized enterprises in moving industry to Pakistan was evident. In the first year, Chinese investment and shifting of industries will create more than 50,000 job opportunities.
On the occasion, Prime Minister Imran Khan said that Pakistan and China enjoy strong friendship bonds. He said that in the hour of trial, China has always stood by Pakistan.
The Prime Minister said we are impressed with the vision and sagacity of Chinese leadership especially their strategy regarding peace and development, governance and lifting the people out of poverty. He said Pakistan wants to take benefit from Chinese experiences.
Imran Khan said that CPEC will prove to be a changer to further strengthening Pakistan-China friendship and exploit the true potential of trade between the two countries.
The Prime Minister said that it is Pakistan’s top priority to give practical shape to the projects agreed upon under the CPEC. He said that the Ministry of Planning and Development has developed a unique cell for implementing CPEC associated projects. He said the aim is to ensure unhindered progress on these projects.
The Chinese delegation was also notified by the Prime Minister that the government is giving special emphasis to promotion of foreign direct investment and ease of doing business.
On the occasion, the Chinese Ambassador to Pakistan appreciated the steps taken by Pakistani government to encourage investment and the facilities being extended to the foreign companies for doing business in Pakistan.