Moin urges Chinese to invest in Pakistan

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Nanning

Pakistan’s Ambassador to China, Moin-ul-Haque has asked leading Chinese entrepreneurs to benefit from an investment-friendly environment in Pakistan.

The ambassador was addressing the participants of the China-Pakistan Trade and Business Forum held on the sidelines of China-ASEAN Expo being held in Nanning, Guangxi Region of China.

The ambassador said a number of ongoing and planned projects being completed under the China-Pakistan Economic Corridor (CPEC) provide tremendous investment opportunities for the Chinese companies.

He said that there are vast investment opportunities in the special economic zones being developed under the CPEC, out of which three have already been developed.

Haque also visited different stalls established at the 18th China-Asean Expo and talked with the Pakistani businessmen and buyers.

He said the China-Asean Expo will serve as a platform to boost in-depth development of China-Pakistan cooperation and all-weather strategic partnership of cooperation.

He said like the previous year, Pakistan is participating in this year’s expo as a special partner country this year too, adding that Pakistan attended the 17th CAEXPO with the same honorary title and set up its pavilion and booths to promote its products.

Pakistan, he said, is one of the countries along the Belt and Road and a geographical neighbour to the Asean countries. For many years, Pakistan has actively joined the CAEXPO, through which to enhance its exchange and cooperation with China and other countries along the Belt and Road.

He said the China-Asean countries have a population of over two billion people and a more than $18 trillion economy, which provides a good platform to expand its trade with these countries.

Haque said that Pakistan’s textile sector has a complete supply chain system and the agriculture sector makes it a more competitive country in the world.

The government is also focusing on the value addition of these sectors, which would help promote exports.

“Pakistan is the fourth largest milk producing country and now we are paying attention to produce value-added dairy products such as cheese and butter, which are in high demand in China as well as Asean countries,” he said.—TLTP

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