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Deeper economic relations with
China
PRESIDENT Pervez Musharraf has pointed out that the existing close
multifaceted relationship between Pakistan and China is being translated
into deeper trade and economic relations. He made these remarks while
talking to Chairman China Mobile Communication Corporation Wang Jianzhou
who called on him on Saturday.
The head of the Corporation, who also called on the Prime Minister, was
visiting Pakistan in connection with the launch of its brand by the name
of ZONG. The company has already invested $700 million in Pakistan
telecom sector and was in the process of investing another $800 million
by the close of the year. This is, by all means, a major investment by a
single company in a short span of time and augurs well for further
expansion and healthy competition in the cellular sector that has
demonstrated phenomenal growth during the last few years. The entry of
Chinese company would surely help improve quality of service and offer
variety of products at affordable costs to the consumers besides
creation of employment opportunities in the length and breadth of the
country. This is particularly so in view of company plans to focus on
rural areas where there is great scope for expansion of telecom
services. China Mobile intends to install 5180 new sites, which would
cover 90% areas of Pakistan and would provide jobs to around 5,000
people. This is only a glimpse of the Chinese interest and contribution
to the economic growth and development of Pakistan. The friendly country
is presently providing valuable assistance in the widening of Karakoram
Highway, construction of vitally important Neelum-Jhelum hydro electric
project, establishent of University of Science and Technology, Thar Coal
development besides cooperation in the fields of defence production.
Earlier, it was with the help of China that Pakistan was able to realize
the dream of developing the strategically important Gwadar Port that is
destined to play a crucial role in the economic development of the
country. China is also the only country that is willing providing
assistance in the setting up of nuclear power plants and that too at a
time when others are engaged in poisonous propaganda against Pakistan
and its nuclear programme. We are confident that the forthcoming visit
of the President to China would give further impetus to bilateral
cooperation.
