Chinese Companies To Invest $5 Billion In Pakistan

Heads of various Chinese companies have assured to invest five billion dollars in Pakistan in the next three to five years.

The Chinese business community delegation expressed its investment interest in Pakistan during a meeting with Prime Minister Imran Khan in Islamabad today.

The business delegation included over fifty-five heads of various Chinese companies.

The Chinese companies representing small and medium enterprises evinced interest in shifting industry to Pakistan.

The Chinese investment and shifting of industry will generate over fifty thousand job opportunities in the first year.

Prime Minister Imran Khan said Pakistan and China enjoy strong bonds of friendship. He said China has always stood by Pakistan in the hour of trial.

The Prime Minister said Pakistan wants to take benefit from Chinese experiences.

Imran Khan said that China Pakistan Economic Corridor project 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 it is Pakistan's top priority to give practical shape to the projects agreed upon under the CPEC.

He said a special cell has been established in the ministry of planning and development for implementation of CPEC related projects.

The Prime Minister also informed the Chinese delegation that the government is giving special emphasis to promotion of foreign direct investment and ease of doing business.

Minister for Planning and Development Makhdoom Khusro Bakhtiar and Adviser on Commerce Abdul Razaq Dawood briefed the Chinese delegation about the government's trade policies and especially the steps taken for implementation of CPEC related projects.