July 24 – Aleem Khan welcomes Chinese investments in various sectors of Pakistan’s economy.
Islamabad, Federal Minister for Investment Board, Privatization, and Communications Abdul Aleem Khan announced on Wednesday that Pakistan is expanding its business visa facility to investors from 124 countries, including China. He encouraged more Chinese companies to invest in various sectors of Pakistan’s economy.
In a briefing with Chinese Ambassador Jiang Zaidong, along with Minister for Commerce Jam Kamal and Special Assistant to the Prime Minister Tariq Fatemi, Khan presented the investment opportunities available in Pakistan. The discussion included plans for establishing Chinese industries in Pakistan through a matchmaking initiative. Seven key sectors were highlighted: medical equipment, plastics, textiles, leather, edible meat, fruits and vegetables, and waste management.
During the meeting, Khan emphasized that Pakistan offers investment opportunities in infrastructure, housing, and other vital areas. He assured the Chinese Ambassador of comprehensive security for Chinese investors and welcomed further participation from Chinese companies.
Ambassador Jiang Zaidong pledged full support for investment in Pakistan and confirmed that Chinese businesses would actively contribute to enhancing trade relations. Special Assistant Tariq Fatemi highlighted that investment is a top priority for Pakistan, reflecting the strong and friendly ties with China. Commerce Minister Jam Kamal Khan noted that managing Pakistan-China investments is a joint effort between the Board of Investment and the Ministry of Commerce.
The Chinese delegation, which included the Minister of Commerce, Consul, Second Secretary, and other officials, was also briefed on these developments.
Additionally, French Ambassador Nicolas Galey met with Abdul Aleem Khan to discuss bilateral cooperation and trade. Khan outlined ongoing infrastructure projects, such as the road network connecting Karachi to Sukkur and extending to Central Asia, aimed at boosting business volume. He acknowledged the importance of European countries for investment and economic activities in Pakistan.
Khan also mentioned the ongoing privatization of loss-making institutions, highlighting their potential for profitability. In response, Galey expressed gratitude for Khan’s participation in the French National Day reception and invited him to visit France to meet with the Business Association. The French Ambassador showed interest in strengthening investment and partnership opportunities between the French and Pakistani private sectors. Both parties discussed ways to increase trade volume and explored various proposals for collaboration.
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