Prime Minister Shehbaz Sharif Tuesday invited Chinese firms, especially from the textile sector, to establish plants in Pakistan stressing that the government will provide all possible facilities to Chinese industrialists and investors.
“China is an important partner in Pakistan’s economic development,” PM Shehbaz said while chairing a high-level review meeting regarding increasing cooperation between the two nations in various fields.
Terming Beijing as a key partner of Islamabad in economic development, the premier expressed intention to boost bilateral cooperation in agriculture, information technology (IT) and energy sectors and increase exports of Pakistani products to China.
Speaking at the huddle, also attended by Federal Planning Minister Ahsan Iqbal, Finance Minister Muhammad Aurangzeb and other senior officials, the prime minister said that the government is ardently preparing for the second phase of the China-Pakistan Economic Corridor (CPEC).
“Gwadar port will be made a logistics hub with Chinese cooperation […] the establishment of Agriculture Demonstration Zones will be an important project in the next phase of CPEC,” he said.
Underscoring that China can help Pakistan in setting up a strategy for increasing its exports, the PM also directed relevant ministries to prepare new projects aimed at enhancing Pakistan-China cooperation as well as undertake measures to promote business to business ties.
The review meeting comes as PM Shehbaz is set to undertake his maiden visit to China in the second week of June in response to President Xi Jinping’s invitation.
