Observer Report
Islamabad
The need of opening up special services and outlets for foreign investors including Chinese enterprises has been underscored by Peng Zhengwu, Deputy Consul General, Consulate General of PRC in Lahore as an impetus to boost up more flow and scope of international investment to Punjab.
According to Gwadar Pro, Peng said such incentives have great potential to revamp an “ease of doing” business ambience. “Indeed, it is a demand of hour,” he added.
Peng said it is one of the major tasks of the Consulate General of PRC in Lahore to promote trade and investment between Punjab and Chinese provinces. He said they are proud of the Sahiwal Coal-fired Power Plant, the Bahawalpur Zonergy Solar Power Project, the Lahore Orange Line, the M-3 Motorway and the Matiari-Lahore Transmission Line, which are the major CPEC projects serving the Pakistani people.
With the launching of these infrastructure, the daily life of people in Punjab is undergoing a fundamental change. During past years, Pakistan exports of rice and fruits also increased steadily. In 2021, they will discuss and push forward more projects with the Punjab government within the framework of CPEC Phase II.
In regard of the Pakistan-China business cooperation in 2021, Peng said that details of cooperation are in the process of bilateral discussion.
He pointed out that the year 2021 is important to both sides as it marks the 70th anniversary of establishment of diplomatic relations between Pakistan and China. He added that in spite of the difficulty caused by the Covid-19, great and plenty of events of commemoration are worth of expectation.
