Chinese firm keen to invest in Karachi development


A Chinese group had offered support for uplift of Karachi infrastructure, coastal areas and construction of parking plaza.
The offer was given when a delegation of the Peoples Republic of China called on city administrator Iftikhar Ali Shallwani and discussed matters of mutual interests. The visiting delegation was led by director of Houji Group Xiang Qiwen and Miss Wang Huayu and Coordinator Friendship of Foreign Country Yang Haiming. They also offered to sign a memorandum of understanding for declaring Karachi and similar cities of China ‘Sister Cities’.
The administrator welcomed the offer and said that Pakistan and China had ironclad friendship, adding that a mega project like CPEC brought both the countries even closer. He said that Pakistan’s economy was likely to be lifted through CPEC. Shallwani said that Pakistan and China were already working on several joint projects and the latter’s experts had played vital role in Pakistan’s development. “Karachi Metropolitan Corporation wants to uplift infrastructure of the city and carry out road construction and other works,” he added.
The administrator said that they also wanted to develop coastal areas while parking plazas were the need of the hour, adding that China’s experience and expertise in these fields would surely help the local administration. He said that Karachi was a gateway and economical hub of Pakistan and offers plenty of opportunities for investors owing to its geographical situation.
The delegation members said Karachi was the biggest city of Pakistan and China wanted prosperity and development of the city’s people, adding that China was ready for all-out support.