DM Monitoring
NANNING: Pakistan Ambassador to China, Moin ul Haque invited the leading Chinese entrepreneurs to come and take advantage of conducive and investment-friendly environment and a number of incentives offered by the government in Pakistan.
“A number of ongoing and planned projects being completed under China-Pakistan Economic Corridor (CPEC) provide tremendous investment opportunities for the Chinese companies,” he made these remarks while addressing the participants of China-Pakistan Trade and Business Forum held on the sidelines of China-ASEAN Expo being held in Nanning, China’s Guangxi Region.
Ambassador Haque said that China is the largest source of foreign direct investment and the multi-billion dollar CPEC, a flagship project of Belt and Road Initiative is moving smoothly and transforming the socio economic landscape of Pakistan.
“After upgradation of infrastructure, transportation and energy project during the first phase of the CPEC, our focus is now on the industrialization, science and technology, socio-economic development and poverty alleviation etc,” he added.
There are vast investment opportunities in the special economic zones being developed under the CPEC, out of which three have already been developed.
Ambassador Haque said that the present government has decided to shift its focus to geo-economics making Pakistan a hub of economic activities and regional connectivity.
Sharing certain unique aspects about Pakistan, he said that Pakistan’s geographical location, growth potential, and conducive policies offered by the government make it an attractive destination for the overseas investment, especially for the Chinese enterprises.
He said that Pakistan shares borders with China and the country is at the crossroads of South Asian, Central Asian and Western nations, and has the potential to act as bridge.
Pakistan has 220 million people, fast growing middle class and 60% of its young population offers good prospects.
Pakistan is rich in natural resources such as gold, marble, gemstones, copper, chromite, gold and vast and it has also untapped reservoirs of oil and gas.
Ambassador Haque informed the businessmen that Pakistan has a strong agricultural base and a fertile land and is among top 10 countries particularly in production of cotton, sugar-cane, rice and wheat.
With investments from China in agriculture sector, it can become a very important source of food supplier to the Chinese market.
He said that the present government offers very attractive and liberalized policies for the foreign investors and also allow them to export their goods to other countries as well.
About the business and investment forum, he said that it has been organized as part of the celebrations of 70th anniversary of establishment of diplomatic relations between Pakistan and China.
