September 28, 2020

Chinese Companies To Invest $5 Billion Over The Next 3-5 Years

A delegation of 55 heads of different companies met PM Imran Khan on Friday, July 12 and pledged to invest $5 billion in different industries, over the course of 3-5 years. The delegation was accompanied by China’s Ambassador to Pakistan Yao Jing.

This is the largest business delegation from China until yet and was a result of PM’s recent visit to China on April 25, 2019, where several agreements to boost the Pak-China business partnership were signed.

PM Imran Khan welcomed the delegation and said that this is a clear sign of improving business conditions in Pakistan. He highlighted the role that China has played in the development of Pakistan. He said that his government is introducing new policies, which would provide a better environment for businesses to flourish in the country.

Ambassador Yao Jing said that the ease of doing business in Pakistan is definitely increased due to the pro-business and pro-economic policies of the government and the Chinese government will continue playing its role in the development of Pakistan.

The PM was accompanied by Finance Minister Abdul Hafeez Sheikh, Advisor on Commerce Abdul Raza Dawood, Minister for Planning Development Makhdoom Khusro Bakhtiar, Chairman Board of Investment Zubair Gilani and Chairman FBR Shabbar Zaidi.

A briefing on different projects of CPEC was also delivered by Advisor on Commerce Abdul Raza Dawood and Minister for Planning and Development Makhdom Khusro Bakhtiar.

The ministers also said that completion of CPEC projects is the priority for the government and they had already set up a separate body to manage the CPEC related projects as well.

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