Prospective Chinese Investors meet PM Imran Khan

The Mint PK

Comprehensive source of Business, Lifestyle and Technology news from Pakistan


Prospective Chinese Investors meet PM Imran Khan

Chairman of China Gezhouba Group Corporation (CGGC) Lyu Zexiang on Tuesday invited on Prime Minister Imran Khan in Beijing and showed interest in investment in the power and energy sector of Pakistan. He also showed interest in finding new business investment opportunities in Pakistan.

China Gezhouba Group Corporation (CGGC) is running its businesses in more than 100 countries. It is one of the most competitive listed organizations having strong investment and funding capabilities.

In addition to it, Orient Holdings Group Limited Chairman Jiang Xueming arranged a meeting with Imran Khan. Orient Group works on business areas like infrastructure construction, real estate development, materials for construction, chemical fiber, mining, e-commerce, new materials, and intelligent manufacturing, and others.

Long March Tyre Company CEO Li Qingwen also held a meeting with Imran Khan and talked about the affairs related to investment and funding in Pakistan. Chaoyang Long March Tyre Co Ltd is a sister organization of the Liaoning Tyre Group and is one of the best tire manufacturers.

Minister for Planning Makhdoom Khusro Bakhtiar, Foreign Minister Shah Mahmood Qureshi, Minister for Railways Sheikh Rashid, Adviser to the Imran Khan on Commerce Razzaq Dawood, Special Assistant to the Imran Khan on Petroleum Nadeem Babar and Board of Investment (BOI) Chairman Zubair Gilani were also attending the meeting.

Most Importantly, the chairman of the China Metallurgical Group Corporation – the well-reputed construction group in China’s iron and steel industry – additionally invited by the PM Imran Khan.

Imran Khan has called these Chinese corporations to make investments in the diverse sectors of Pakistan including housing, textile, Information Technology, manufacturing, and monetary services, logistics, agriculture, oil and gas, and tourism and hospitality.

The PM Imran Khan addressed China Council for Promotion of International Trade in Beijing and indicated that Pakistan has taken measures to facilitate investment and businesses. “It is an extremely good time for Chinese corporations to invest in Pakistan.”

He guaranteed that the Prime Minister Office would deal with all the most important investments along with those of the CPEC. The PM said to have set up the CPEC Authority to resolve all exceptional troubles preventing the implementation of the CPEC projects.

He further stated that the smart port city master plan for Gwadar has been approved. “We are working on the Gwadar airport development and it will be completed quickly.”

Imran Khan said Pakistan has been encouraging corporations to make big profits as a steady economy would allow the nation to take away the people out of poverty on the specimen of China.

He further stated that the second phase of the CPEC would specifically focus on industrial and agriculture cooperation.

He said Pakistan goals to get lessons from their experiences of China to improve the productiveness of our agriculture sector.

Imran Khan stated the security situation has enhanced in Pakistan due to the efforts of different security forces and intelligence agencies.

“Pakistan is one of the most secure locations for funding or investments in the world. We have set up a unique safety force for the safety of Chinese workers.”

He stated the existing government has also liberalized the visa regime and the Chinese nationals could get visa-on-arrival at the international airports.

Alluding to the geostrategic place of Pakistan, PM stated Pakistan’s unique location and its younger and energetic population has made it an appealing country for investment.

PM Khan said our labor price used to be only about 20 percent of that in China.

Imran Khan stated his authorities has taken a conscious selection to ensure ease of doing business.

PM Khan looked into the economic development done by China, telling that it was an example for the complete world how china has lifted 700 million people out of poverty over the last 30 years.

He admired Chinese President Xi Jinping’s campaign to remove corruption from the world.

Comment here