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PM says Chinese businesses to take priority

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PM says Chinese businesses to take priority

Press Release
21 Nov 2021


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ISLAMABAD: Prime Minister Imran Khan said that Pakistan and China are connected not only in past or present but we will remain united through our future generations too, said a press release.

He said that “we will support Chinese businesses in Pakistan on priority basis, and are grateful to them for their keen interest in accelerating their investment in Special Economic Zones (SEZs)” during a meeting with Chinese business delegation being led by Chen Yan from Challenge Fashion (Pvt) Ltd.

“We appreciate the valuable relationship of the peoples of two countries,” he added.

The Prime Minister directed the authorities concerned to facilitate all Chinese investors, who are setting up industries in Pakistan, on an emergency basis by resolving their issues related to road connectivity and the provision of utilities.

Earlier, the Prime Minister was apprised that Chinese businessmen are almost ready to start operations in glass, ceramics, and information technology sectors.

OPPO, one of the leading tech manufacturers in the world, is going to establish a local mobile manufacturing unit and a research and development centre in Pakistan.

It would not only save a lot of foreign exchange reserves on the import of smart phones annually but would also create employment opportunities for our tech graduates.

The meeting was also attended by Energy Minister Muhammad Hammad Azhar, Advisor on Commerce Abdul Razzak Dawood, SAPM on Political Communication Dr Shehbaz Gill, SAPM on CPEC Affairs Khalid Mansoor, and Chinese Ambassador Nong Rong, along with senior officers concerned.

Copyright Business Recorder, 2021
 
Thank you, sir. The Chinese people also attach importance to the friendship with our Pakistani brothers. We hope we will work together for win-win cooperation.
 
Prime Minister
@ImranKhanPTI
held a series of meetings with leaders of China’s leading state-owned and private companies in Beijing today. #PMIKinChina #BeijingWinterOlympics2022


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4:40 AM · Feb 4, 2022

According to the Prime Minister's Office (PMO), the premier met with executives from China Communication Construction Company, Huazhong Technology, Zhejiang Seaport Group, Challenge Apparel, Hunan Sunwalk Group Royal Group, China Road and Bridge Corporation, Zhengbang Group and China Machinery Engineering Corporation.

"The corporate leaders briefed the prime minister on the progress of their on-going projects in Pakistan," the PMO statement said.

The Chinese businessmen showed a keen interest in expanding investment in Pakistan in projects related to recycling of metal and paper, energy, textile, fibre-optic networks, housing, dairy and water management, it said.

In his remarks, PM Imran appreciated the keen interest of the Chinese companies to invest in Pakistan.

"Highlighting deepening economic and trade ties between the two countries, he informed the Chinese corporate leaders about steps [taken] to create [a] conducive environment for Chinese investment in Pakistan and encouraged them to benefit from business friendly policies for investment in CPEC SEZs," the statement said.
 
ISLAMABAD / BEIJING: Pakistan’s Board of Investment (BoI) and China’s National Development and Reform Commission (NDRC) on Friday signed the much-needed ‘Framework Agreement on Industrial Cooperation’ that will inter alia facilitate relocation of industries as well as investment from China and other parts of the world to Special Economic Zones (SEZs) in Pakistan.

Framework will facilitate global investment, industries relocation to special economic zones...

• Imran says CPEC delivering tangible benefits
• Chinese firms ready to set up $3.5bn Gwadar reprocessing park, $350m textile cluster near Lahore
 
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