55 Chinese Companies Want to Invest $5 Billion in Pakistan

July 13, 2019 Off By Web Desk

More than 50 Chinese companies are willing to invest in Pakistan, according to a delegation of the Chinese business community.

The delegation, comprised of 55 company heads, called on Prime Minister Imran Khan on Friday in the presence of Chinese Ambassador to Pakistan Yao Jing.

They committed to investing $5 billion in the country in the next three to five years. The investment will be made in various small and medium-sized industrial sectors.

The delegation, representing various sectors including construction, machinery, glass, automobile, electrical, power, transportation, etc., lauded the incumbent government for its business-friendly policies.

This was the largest-ever business delegation that has ever visited Pakistan from China or any other country. Their visit is said to be in response to the premier’s last visit to China where he urged Chinese businessmen to invest in Pakistan.

During his April visit, Khan had also signed multiple agreements of bilateral cooperation between the two neighboring countries.

He welcomed their interest in the Pakistani market and said that it reflected the trust of the Chinese business community in Pakistan’s economy.

Assuring to eliminate all roadblocks in ease of doing business, Khan hoped that the development will help turn the Pak-China equation into a win-win economic partnership.

Chinese Ambassador Yao said the Chinese investors had observed a significant improvement in the government’s policies and facilities for foreign investors. He said that their government was ready to extend support in realizing PM Khan’s dream of a stable and developed Pakistan.

The meeting was also attended by Planning Minister Khusro Bakhtiar and Commerce Adviser Abdul Razzak Dawood.

Source: Pro Pakistani