September 22, 2020

PM Meets With Top Chinese Investors And Companies; Highlights Investment Opportunities In Pakistan

PM Imran Khan is currently on a 2-day visit to China and has met several Chinese officials and investors to strengthen the geopolitical position of Pakistan. During his visit, he conducted several meetings with different Chinese firms and investors and highlighted the opportunities that Pakistan provides.

While addressing a group of Chinese investor he said that Pakistan has a huge young population and that labor rates in Pakistan are a mere 20% of the labor rates in China. He also highlighted the improved security situation in the country and said that due to the sacrifices of the law enforcement agencies, Pakistan has become one of the best places for investment. He asked the Chinese companies to invest in diverse sectors of Pakistan’s industry, including the housing sector, textiles, pharmaceuticals, IT, power and other such sectors.

He also conducted a meeting with the China Gezhouba Group Corporation (CGGC), which has expanded its business to more than 100 countries and discussed the investment opportunities in Pakistan. He also met with the CEO of Long March Tyre Company Li Qingwen and Chairman of Board Orient Holdings Group Limited Jiang Xueming in separate meetings and discussed with them the opportunities that Pakistan has to offer.

He also highlighted the promulgation of the CPEC Ordinance 2019, under which a CPEC Authority would be formed, which would focus only on the CPEC related projects. He said that a cell of the CPEC Authority would be formed in the PM office and that would enable him to deal with CPEC related issues more efficiently and effectively. He also briefed the Chinese officials regarding the new visa policy of the country, which has enabled citizens of many countries, including Chinese citizens, to get visa upon arrival in Pakistan from the airport. Moreover, the government has also provided a Chinese company that invested in Gwadar with a 23-years tax exemption. He said that the investors should avail the benefits being provided by Pakistan and should invest in the country.

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