Prime Minister Imran Khan held a series of meetings with representatives of Chinese companies in Beijing and invited them to invest in Pakistan.
China Gezhouba Group Chairman Lyu Zexiang called on the prime minister in a meeting attended by Foreign Minister Shah Mahmood Qureshi, Planning Minister Khusro Bakhtiar, Railways Minister Sheikh Rashid Ahmad, Adviser Abdul Razzak Dawood, Special Assistant Nadeem Babar and Board of Investment Chairman Zubair Gillani.
Founded in 1970, the China Gezhouba Group Corporation is one of the most competitive listed companies with strong financing capabilities. As a transnational operation enterprise with the fastest growth in China, the company has expanded its business in more than 100 countries and regions.
In another meeting, Prime Minister Imran Khan met Long March Tyre Company CEO Li Qingwen and discussed investment and business scenario. The Long March Tyre Company is a member of the Liaoning Tyre Group and is one of the best tyre manufacturers. Board Orient Holdings Group Limited Chairman Jiang Xueming also called on the prime minister and discussed industrial matters.
Orient has business areas involving infrastructure construction, real estate development, construction materials, chemical fibre, mining, e-commerce, new materials and intelligent manufacturing, etc. In another meeting, China Metallurgical Group Corporation Chairman Guo Wenqing called on the prime minister. The Metallurgical Group Corporation is the longest-running construction group in China’s iron and steel industry, serving as the pioneer in this field.
In his address at China Council for Promotion of International Trade (CCPIT) in Beijing, Prime Minister Imran Khan said that China’s exemplary step of taking its 700 million people out of poverty in 30 years was a source of learning for Pakistan. He said that Pakistan can acquire expertise from the Chinese model of business, investment and wealth creation with an aim to be spent on less-privileged segments of society.
Since the assumption of office, he said that his earliest decisions among others were to facilitate foreign investors to encourage profitability. He said that this government is the first one after 1960 which is encouraging ease-of-doing business – the concept being driven by the Prime Minister’s Office itself. Of progress on China-Pakistan Economic Corridor (CPEC), he told the audience comprising businessmen and investors that a CPEC Authority was formed to resolve all the related issues.
Under Phase I, he said that Gwadar Free Zone had been completed, Gwadar Smart City master plan approved and matters of tariff and pending projects were resolved. In Phase II, the cooperation would focus on agriculture as Pakistan being the world’s best fertile land would like to learn from Chinese expertise in yield productivity, he said.
The prime minister said that prominent reasons to invest in Pakistan included strategic location, 220 billion population with 60 percent ageing under 30, economic revival reforms and industrial clusters through Special Economic Zones.
He said that this is the right time to invest in Pakistan, as the country offers an improved business facilitation system and mindset as well. For Chinese investment, he said that areas of attraction included textiles, manufacturing, information technology, physical and technological logistics, food processing, agriculture, and tourism and hospitality.
Also, the oil and gas sector and the gold and copper reserves offered tremendous opportunity, he said. On scope in the tourism sector, he mentioned that Pakistan’s diverse terrain ranging from high peaks to sandy beaches and deserts as natural beauty. Whereas, the area of religious tourism is another attraction as the country is a cradle of ancient civilizations, including Buddhism, Sikhism and Hinduism, etc.
IMRAN KHAN INVITES LI KEQIANG: Prime Minister Imran Khan and Chinese Premier Li Keqiang witnessed the signing of various agreements and memorandums of understanding aimed at deepening Pakistan-China ties in a range of socio-economic sectors. The two sides also discussed the regional security situation. Imran Khan reiterated his invitation to Premier Li to visit Pakistan at the earliest opportunity.