Chinese investors to get special facilities

Source: Published in Business & Economy on Tuesday, June 14, 2016

ISLAMABAD: Commerce Minister Khurram Dastagir Khan has urged Chinese investors to make investment in joint ventures in Pakistan. The government of Pakistan will provide special facilitation to Chinese investors.

Speaking at a gathering at the ‘International Production Capacity Cooperation Forum of the 4th China-South Asia Expo (CSAE)’ held in Kunming, China, the minister said: “It is high time that businesses from both sides start benefitting from the strong foundations laid by the two governments to further develop business-to-business ties.”

“In today’s globalised world, it is imperative to work collectively and seek solutions for problems, like regional developmental disparities,” he said.

The minister also spoke at the session on ‘the construction and development of one belt and one road and industrial cooperation (infrastructure, tourism, education, and health).

“We are confident that CPEC through its network of roads, railways and industrial parks, will herald a new era of regional connectivity, development and prosperity. This in turn will benefit billions of people in the region,” the minister said.

He was of the view that CPEC is a remarkable case study for students and researchers alike in terms of its significance in providing linkages between Chinese and Pakistani economies.

“It aims at bringing together China’s financial and industrial capacity and technological prowess with Pakistan’s plentiful resources, hard-working labour force and potential market.”

An official statement issued by the commerce ministry said the 4th CSAE is being held in Kunming from June 12-17. Trade Development Authority of Pakistan, Federation of Pakistan Chambers of Commerce and Industry and Karachi Chambers of Commerce and Industry are participating in this year’s eExpo. Minister for Science and Technology, Rana Tanveer and business delegation from Pakistan also participated in the event.