China, Turkey, Korea Keen to Invest in Pakistan.

[Last Hope]

China, Turkey, Korea Keen to Invest in Pakistan​

Islamabad, Aug 1 (IANS): Chinese, Turkish and Korean businesses have shown keen interest in investing in Pakistan's "textile city" of Karachi, Prime Minister Yousuf Raza Gilani has said.

Gilani said the textile sector plays a significant role in Pakistan's economy. It constitutes 60 percent of the country's total exports and provides jobs to 40 percent of the working population.

The prime minister said Pakistan must take full advantage of the opportunities that are globally available in the textile sector, the Associated Press of Pakistan (APP) reported.

Gilani underlined the need for improving skills of the labour force to enhance their productivity and improve the quality of products.

He said that while the government has responded to the demands of the textile industry by providing relief packages, the industry in turn should assure the implementation of quality standards and good business practices.

Gilani said it was the duty of both the government and the entrepreneurs to be part of Pakistan's march towards becoming the hub of quality textile products.

He, however, lamented that while countries like China, India and Bangladesh have significantly increased their textile market share, Pakistan was yet to capitalise on such opportunities.

Though Pakistan was blessed with natural resources like cotton crop, unique geo-political location and a rich history of quality textile products, there were many problems facing the industry, like low-skilled labour, power shortage and inadequate infrastructure.

The Pakistan Textile City in the Port Qasim area, once fully operational, will provide employment to over 80,000 people at its full capacity.

It will attract an investment of $250 million and increase exports by over $3 billion per annum, he said.

Other benefits will include additional demand for cotton - yarn and crop - and increased demand for cement, steel and construction material.

This will in turn increase revenue for movement of goods and transport activities and creation of indirect jobs, Gilani said.

 

[Last Hope]

ISLAMABAD, Jul 20 (APP): Pakistan and Turkey have agreed to explore the possibilities of further economic integration through improved railways and road connectivity besides taking concrete measures to expand their bilateral trade and investment.The decisions came during the meeting of the Foreign Secretaries’ as part of regular bilateral political consultations in Ankara.Pakistan delegation was led by Foreign Secretary, Salman Bashir and the Turkish side by their Undersecretary for Foreign Affairs, Feridun Hadi Sinirlioglu.

The two sides took stock of the entire spectrum of the bilateral relations including political, economic and trade, defence, cultural and education fields between the two countries.Foreign Secretary, Salman Bashir noting the special nature of Pakistan-Turkey relations stressed the need for translating these excellent ties into more meaningful cooperation in the economic field.

It was agreed that the forthcoming meeting of Joint Economic Commission to be held in Ankara in near future, will take up proposals for expanding bilateral trade and as well as investments in energy, infrastructure and social sector development.

Consultations for Preferential Trade Agreement will also be held simultaneously.

The two sides agreed to hold the next session of High Level Cooperation Council (HLCC) by the end of this year or early next year.
The last HLCC meeting was held in Ankara and its Pakistan’s turn to host the next session.

Co-chaired by the Prime Ministers of the two countries, HLCC is the highest decision making body providing a structured mechanism of cooperation.

As envisioned by Presidents of Pakistan and Turkey, both sides agreed to explore the possibilities of further economic integration through improved railways and road connectivity that could be further extended to Afghanistan and the Central Asian region.

A feasibility study is currently being undertaken for the upgradation of Istanbul-Islamabad cargo train service through involvement of the private sector.

Bashir praised Turkey’s important role for bringing peace and stability in the region and expressed support for Turkey’s proposal to hold a regional conference on Afghanistan on November 2 in Istanbul.

Sinirlioglu acknowledged valuable contributions and immense sacrifices rendered by the people of Pakistan in the fight against terrorism in the region.

He said that Turkey would always stand by Pakistan in these challenging times.

The two sides also exchanged views on the situation in North Africa and the Middle East.

 

[Last Hope]

Pakistan encouraging Chinese investment​

Pakistan has almost one gigawatt of projects under various stages of completion on paper and 498.5 megawatts more of wind programs announced.

BEIJING:
Federal Water and Power Minister Syed Naveed Qamar has said Pakistan is extending maximum facilitation to Chinese entrepreneurs and is encouraging them to invest in the energy sector.
The minister was talking to China National Development Reform Commission’s National Energy Administration Administrator Liu Tienan, who received him at Diaiotai State Guest House on Monday evening. Qamar was visiting China for attending an important meeting of Pakistan-China Joint Economic Working Group.

Qamar said the issue of energy shortage was of utmost importance for the Pakistani people, adding the working group could be an ideal platform where all energy-related issues could be brought for discussion and speedy implementation.
Tienan expressed confidence that the working group would provide a good opportunity to search for solutions to meet energy shortage in Pakistan.
The two ministers decided that a mechanism would be devised for early implementation of energy projects between the two countries.
They agreed that existing energy projects would be consolidated and efforts would be made to expedite their completion and to arrange financing. The working group will also study future energy requirements of Pakistan and submit proposals for their implementation.

The Pakistani delegation included Ambassador to China Masood Khan, Wapda chairman, Pepco managing director, AEDB chairman and PPIB MD.
Earlier, in a separate meeting with Sino Hydro Corporation Board Chairman Huang Bao Dong, Qamar discussed matters related to the construction of Gomal Zam, Darawat and Diamer-Bhasha dams.

 

[somebozo]

Gilani stupid does now know about other industrial sectors and opportunities of Pakistan. He keeps repeating textile textile like a holy cow!

 

[wind]

Thats a good news, development is the only answer for unstabilities surrounding PAK. All the best

 

[Last Hope]

Thats a good news, development is the only answer for unstabilities surrounding PAK. All the best

Thanks a lot for your concern, friend.
Yes indeed development is the only way.

Development in:

• Infrastructure,
• Educational Systems,
• Politics,
• Religious matter,
• Social Awareness.

With all this in hands, Pakistan sure will erupt from its economical/geo-political/religious crisis to be Top 10 Nations (Considering its Talented people and natural reserves)

 

[wind]

If there were no hostilities between India and PAK since independence you guys would have been completely in differient league. Both the countries want peace but somehow unable to sort them out Very complicated and tricky

 

[Last Hope]

 

[Tshering22]

If there were no hostilities between India and PAK since independence you guys would have been completely in differient league. Both the countries want peace but somehow unable to sort them out Very complicated and tricky

Thanks to you lot...

We don't want peace at the cost of compromising our right.