25 major Chinese companies express strong interest in invest heavily in Pakistan, fostering bilateral cooperation and development.
Recently, 25 major Chinese companies showed deep interest in investing heavily in Pakistan. This announcement came during a Business Roundtable Conference held in Chaoyang District, Beijing. The conference was organized at the Pakistani Embassy in China. Federal Minister for Board of Investment, Abdul Aleem Khan, presided over this significant event.
Key Highlights from the Conference
The conference gathered prominent figures, including Anna Su, Country Director of the Hong Kong business group, and Li Shuang, the Mayor of Daming County. They discussed enhancing cooperation between China and Pakistan. Moreover, several Memorandums of Understanding (MoUs) were signed in various sectors, such as textile technology, agriculture, and animal husbandry.
Youth Population and Investment Opportunities
During the conference, Federal Minister Abdul Aleem Khan emphasized Pakistan’s youthful population. He highlighted that 70% of Pakistan’s population is under 30 years old. This demographic advantage makes Pakistan an attractive destination for investment. The country boasts a population of 23 million consumers and skilled labor.
Bilateral Investments and Resources
Abdul Aleem Khan outlined several key resources that make Pakistan appealing to investors. He mentioned that Pakistan has the second-largest reserves of coal and the seventh-largest reserves of copper. He stated, “We can become the center of business activities in the region.” The minister stressed the importance of improving agriculture and livestock sectors to attract more investments.
Positive Investment Climate
According to the Federal Minister, the investment atmosphere in Pakistan is favorable. He encouraged Chinese companies to consider shifting their industries to Pakistan. This roundtable conference is seen as a milestone in fostering stronger economic ties.
Infrastructure Development and Projects
Additionally, Du Fie, Chairman of China Roads and Bridges Corporation, expressed interest in privatizing DISCOs in Pakistan. He also discussed potential investments in Karachi’s Special Economic Zone. Chinese officials proposed mutual cooperation on several major projects, including:
- Sukhar-Hyderabad Motorway M-6
- Hyderabad-Karachi Motorway M-9
- Karakoram Highway (KKH) Phase Two
Education and Technology Collaboration
The Federal Minister also highlighted the importance of education and technology collaboration. He mentioned the potential for partnerships with Chengdu University in China. He believes these collaborations can enhance skills and innovation in Pakistan.
Conclusion: Chinese Companies Invest in Pakistan
In conclusion, the strong interest from 25 major Chinese companies indicates a bright future for Pakistan-China relations. This collaboration can lead to significant economic growth and development. Federal Minister Abdul Aleem Khan’s visit to Beijing was indeed a success. It fostered goodwill and encouraged mutual investment between the two nations.
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