Pakistan

PM Shehbaz guarantees security to Chinese investment in Pakistan

Published by

Digital Desk

2 years ago

SHENZHEN: Prime Minister Shehbaz Sharif has expressed the resolve to spare no effort in protecting the lives of Chinese investors, and the security of Chinese individuals, projects, and investments in Pakistan, emphasized that mutually rewarding business-to-business cooperation was key to a bright future for the two people, state-run Radio Pakistan reported.

Addressing the China-Pakistan Business Forum in Shenzhen today, highlighted bilateral trade and investment potential, especially in key sectors including the transfer of Chinese technology, industry, and partnership in IT, agriculture, mining, steel, textiles, and renewable energy.

He said the government has taken various measures to put in place a foolproof protection and security system to protect the lives of every Chinese working across the country ever since the dastardly terrorist act in Bisham.

“I will go back to Pakistan with this resolve, come what may, we will follow this model of great economic transformation in Pakistan. This model is enough to copy and simulate if we are sincere to our purpose and people. By God, I can tell you this is difficult but not impossible,” he told the gathering of hundreds of business leaders from Pakistan and China.

Highly praising the advancement made by China over the years under the dynamic and visionary leadership of President Xi Jinping, the Prime Minister expressed the firm resolve to follow this model of great economic transformation in Pakistan.

He said we have already started structural changes in Pakistan envisaging measures also to control corruption.

Alluding to the country’s potential, he said the country’s mineral deposits are valued at around ten trillion dollars. He said Pakistan has the potential to bolster its exports by bringing to use its gold and copper mines.

The Prime Minister assured to extend full support and facilitation to the Pakistani businessmen stitching mutually beneficial deals with Chinese companies.

Furthermore, the PM asked the Pakistani entrepreneurs to hold serious discussions with their Chinese counterparts for joint collaborations and investments in diverse areas including textile, leather, steel, and engineering.

In his remarks on the occasion, Deputy Prime Minister and Foreign Minister Ishaq Dar said the Chinese companies will be fully facilitated to set up their businesses in Pakistan on a fast-track basis.

He mentioned that the Special Investment Facilitation Council has been established with the purpose of facilitating investors and businesses. He pointed out that labor costs are competitive in Pakistan.

Digital Desk