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China to invest $1bn in medical city, economic sectors

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Chinese business delegation calls on President Zardari

A Chinese business delegation met with President Asif Ali Zardari in Karachi on Thursday and expressed interest in investing $1 billion in a medical city, as well as in diverse sectors of the economy.

President Zardari met with a delegation led by the Chinese Consul General Yang Yundong at Bilawal House in Karachi, where he called for greater Chinese investment in Pakistan’s various sectors to strengthen bilateral trade.

“The delegation expressed interest to invest $1bn to establish a medical city in Pakistan to advance the country’s healthcare sector,” a press release from the PPP said.

“The delegation also expressed interest to invest in diverse sectors of Pakistan’s economy,” it added.

President Zardari highlighted the need for increased cooperation between Islamabad and Beijing, particularly between investors and businesses in Karachi.

 

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