Prime Minister Syed Yousuf Raza Gilani on Tuesday said Pakistan wishes to achieve its objective of a robust economy through partnerships and joint investments with China in all fields. He was talking to Levin Zhou, President of China International Capital Corporation (CICC), as he arrived here Tuesday to attend the 8th meeting of Shanghai Co-operation Organisation and hold meetings with the Chinese leadership.
Gilani proposed to CCIP President creation of a joint 'Pakistan-China Holding Company', aimed at facilitating financing for Chinese companies intending to invest in Pakistan.
He noted that the company could establish projects on equity basis rather than acquiring debt. The Prime Minister sought more investment in Pakistan's hydro power and infrastructure development projects and said it would go a long way in generating economic activity and employment opportunities in the country.
He urged the CICC to consider the possibility of collaboration in banking and financial sectors between the two countries by setting up consortiums to invest in Pakistan. The CCIP President assured the Prime Minister of every possible assistance to Pakistan in various sectors and help it overcome economic challenges.
Established in 1995 as a strategic partnership among prestigious Chinese and international financial institutions and corporations, CICC is the first joint venture investment bank in China with a registered capital of US $125 million. It is currently involved in investment banking, capital markets, sales and trading, asset management and private equity.
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