Pakistan wants to expand trade, investment ties with China: PM Shehbaz

Prime Minister Shehbaz Sharif has stressed for building strong business to business partnership between Pakistan and China to further expand bilateral relationship and augment China-Pakistan Economic Corridor’s dividends.

Addressing the first meeting of Pakistan China Business and Investment Forum in Islamabad on Monday, he said we need to double our efforts to connect with the Chinese business houses and create an enabling environment to attract Chinese investments.

The Prime Minister was confident that his visit to China and his meetings with the Chinese leadership there will be helpful in accomplishing these targets as well as promote our strategic and cultural relations.

The Prime Minister said he strongly believes that the CPEC has been a game changer in building our business relations and so far billions of dollars of investment has already been committed by the Chinese Companies. He recalled that Pakistan was able to address the issue of load shedding due to the energy projects completed under the CPEC.

Shehbaz Sharif noted that given our comparatively cheaper labor, relocation of Chinese industries to Pakistan by establishing Special Economic Zones will be a win-win situation for the businesses of both the countries.

The Prime Minister said Pakistan can enhance its agriculture yield by taking advantage of the Chinese modern technology and techniques. He said we can then install agro based industrial houses and export agriculture production to the Middle East and other countries.

Alluding to the Chinese achievements under President Xi Jinping, Shehbaz Sharif said Pakistan needs to emulate and learn from Chinese model.

The Prime Minister thanked the Chinese government and companies for their valuable support to the flood-affected people of Pakistan. He said China is at the moment one of the largest donors to the flood victims. China created an air bridge between Beijing and Islamabad, sending important items such as food and tents. He said the way Chinese companies and individuals contributed in a big way in the flood relief show the depth and strength of this friendship.


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