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Investment environment in Pakistan is quite conducive and there is a number of sectors with great potential for foreign investors, ICCI President Tariq Sadiq told Chinese trade team here on Monday. An eight-member trade delegation from Yantai City of China held meeting with Tariq Sadiq at the Chamber House. Director General of Livestock Bureau of District Government of Zifu Yantai City, Qu Xize, was leading the delegation. Inviting the Chinese investors, Tariq Sadiq said that Pakistan has become a very safe place to invest in without any fear, adding that both the countries have age old trade ties besides unanimous views on almost all matters of bilateral, regional and international interest.
Referring to Pak-China free trade agreement that was signed during Chinese PM's visit to Islamabad, he said that the two states are members of World Trade Organisation (WTO) and these regional trade agreements guarantee promotions of trade relations in future.
The ICCI president informed the visiting delegates that real estate sector is taking strides in Pakistan, asserting that this sector has great potential for foreign investment. Since the power generation in the country, he said, is very low, there is dire need to introduce solar energy plants in Pakistan.
Expressing his views the delegation head, Qu Xize, applauded Pakistan for taking stringent measures to attract investment from abroad.
He said that real estate sector has fast been flourishing in Pakistan and the construction industry is also scaling peaks, adding that they wanted to invest in mega projects in various sectors such as minerals, mines, real estate, electricity, solar energy and others.

Copyright Associated Press of Pakistan, 2005

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