Chinese government encourages its public and private sectors to actively take part in projects based in Pakistan and the objective of this visit is to strengthen co-operation between the corporate entities of the two countries in the manufacturing sector.
These views were expressed by Liu Yingjun, Deputy Director General of the Ministry of Commerce of China currently visiting Pakistan at the head of a 6-member delegation during a meeting in Board of Investment (BoI).
Jehangir Bashar, Secretary Board of Investment briefing the delegation about the economic and investment policies of the government said that Pakistan provides the most friendly environment to the foreign investors which is evident from the fact that over 600 multi-nationals are operating in Pakistan and not a single company, which came to Pakistan has gone back.
Bashar pointed out that unfortunately despite the time tested friendship on the political and diplomatic front, economic co-operation between the two countries remained insignificant. The inking of number of agreements during the recent visit of the President of Pakistan to Chine, he hoped, would boost bilateral trade in various fields and enhance economic ties of the two countries also.
He said that as China is now looking for expanding its investments abroad, given the geographical location, cheaper cost of production, economic reforms, liberal investment policies, abundant human resource and above all a local market of 150 million people, Pakistan is an ideal place for China to invest in.
Liu Yingjun expressing her gratitude on the supportive role of the Government of Pakistan, pointed out that the Chinese companies established in Pakistan were greatly facilitated by the government especially Board of Investment (BoI) and this has encouraged more Chinese companies to consider investment in Pakistan.
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