Islamabad, July 23 – PM, welcomes Chinese investment in Pakistan emphasizing on Pakistan’s desire to benefit from China’s expertise in various fields.
Prime Minister Muhammad Shehbaz Sharif on Tuesday welcomed Chinese investment in Pakistan, noting that numerous significant bilateral business agreements were established between companies from both countries during his recent visit to China.
He made these remarks while speaking to a delegation from Hengeng Trading Company, led by Chairman Zhang Bin. The meeting included Minister for Economic Affairs Ahad Khan Cheema, Minister for National Food Security and Research Rana Tanvir Hussain, Minister of State for Finance Ali Pervaiz Malik, and other senior officials, according to a press release from the PM Office Media Wing.
The prime minister expressed Pakistan’s desire to benefit from China’s expertise in the agriculture sector and directed the Gwadar Port Authority to provide all necessary facilities to Chinese companies. He also emphasized the need to ensure an uninterrupted supply of utilities at the Gwadar Free Zone.
The delegation briefed the prime minister that Hengeng Trading Company is investing in agriculture, livestock, medicines, and other sectors in Pakistan. The company is also constructing a state-of-the-art slaughterhouse in Gwadar at a cost of $50 million, which upon completion, could generate $30 million in annual exports from Pakistan’s livestock sector and create 1,000 new job opportunities for locals.
Additionally, it was mentioned that the company is exporting pharmaceutical products to China after processing them at the Gwadar Free Zone.
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