Chinese Companies to invest $5 billion in Pakistan

ISLAMABAD, Pakistan: A visiting delegation of leading Chinese Companies met Prime Minister Imran Khan in Islamabad on Friday, and voiced commitment to invest US$ 5 billion in various small and medium size industrial sectors of Pakistan in next five years.

The delegation included over 55 Executives and the Chief Executive Officers (CEOs) of the leading Chinese Companies.

The prime minister welcomed the investment plans of Chinese Companies, and said that interest of Chinese Companies towards investment and relocating business and industrial units to Pakistan reflected the trust of Chinese side in the growing economy of our Country and a strong desire to translate Pak-China equation into a win-win economic partnership.

Imran Khan said that the incumbent government is facilitating investors and reducing impediments in ‘ease of doing business’. He said that partnership with Chinese Companies and their investment will reap multiple benefits for both the countries including employment generation, transfer of technology and economic growth.

While talking about the Chine Pakistan Economic Corridor (CPEC), the prime minister reiterated that the project will prove to be a game-changer with respect to enhancing trade activities and further cementing Pak-China relations.

The prime minister said that fast-track implementation of CPEC projects is our priority for which a special unit is overseeing implementation of various projects in the planning division.

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The visiting delegation represented various sectors including construction, machinery, glass, automobile, electrical, power, transportation, information technology and technological research.

The visit of the largest ever Chinese delegation is a follow-up of Prime Minister Imran Khan’s visit to China and inking of agreements to enhance bilateral cooperation in different areas.