China ready to further invest in refinery, cement, real estate sectors

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Islamabad—A high-powered delegation led by Chairman, China-Pakistan-Economic Corridor (CPEC) Council on Monday expressed keen interest to further invest in refinery, mining, cement and real estate sectors in Pakistan.
Talking to the delegation, Federal Minister for Industries, Ghulam Murtaza Jatoi invited the Chinese companies to invest in food processing, auto mobile industry and Pakistan Steel Mills. “Pakistan has great investment potential and the Chinese investors should take benefit of investment climate and invest in Gwadar Export Processing Zone,” he added.
The Chairman of the Council showed keen interest in investment in different sectors particularly in manufacturing of Solar energy panels. They informed the Federal Minister that the output of solar energy increases about 25 to 30 percent with the use of state of the art technology. The Chinese investors want to transfer PV Panel industry in Pakistan as Pakistan is becoming a big market of solar energy, they said. Murtaza Jato said, several commercial buildings spread over 300 acre area have been allocated in Korangi Creek Industrial Park for the investors. The Chinese companies could take benefit of investment in real estate sector, he added.
The Chinese delegation also expressed interest in various options including Pakistan Steel Mills privations, joint ventures due to which Pakistan Steel Mills could be upgraded on modern lines besides increasing its production.
The minister also asked the Chinese businessmen to invest in Bin Qasim Industrial Park which has recently been constructed over 900 acres piece of land. The Chinese delegation said, the CPEC Council is also constructing three centres for welfare of orphans in Pakistan being set up at Zehri Pur, Gilgit and Gwadar. The head of the delegation informed that more than 100 companies are ready to invest in Pakistan while representatives of six big industrial groups would visit Pakistan next week to explore business and investment opportunities.
The Chief Engineering Development Board invited the Chinese investors to invest in refinery sector. In the response, the Chinese investors said, the proposed refinery would be equipped with the latest technology.—APP