A Hong Kong company will set up a fertiliser plant with an investment of 300 million dollars in Pakistan. An agreement was signed between Chairman of China National Chemical Engineering Corporation Jin Kening and Chief Executive of Pakistan''s Fatima Group of Companies Fawad Ahmad Mukhtar here on Saturday.
CNCE Corporation Chairman, in a meeting with Prime Minister Shaukat Aziz, said that Pakistan was a rapidly growing economy and they were exploring opportunities for making investment in the country.
He showed keen interest in making investment in different fields, including power plants, fertiliser plants and environment protection.
The Prime Minister said electricity demand was growing in Pakistan at a pace of 10 percent and the government intended to provide electricity to every home by 2007.
During the meeting with Hutchison Whampoa Limited Chairman Li Ka Shing, the Prime Minister told him that Pakistan was developing Gwadar port and related infrastructure to link the country with Iran, Afghanistan and Central Asia.
He said Pakistan offered attractive investment climate and there was no restriction on transfer of equity.
Hutchison Limited Chairman showed interest to invest in the development of Gwadar, and port management, shipping and retail super markets.
He said they would increase their investment in the Karachi container terminal.
Shanghai Asia Pacific Region of HSBC Bank Chairman Wen Seng Cheng also called on the Prime Minister.
Shaukat Aziz told him that privatisation was the hallmark of Pakistan''s economic reforms agenda.
He said 85 percent of the banking was privatised in Pakistan and assured to welcome the bank''s investment in Pakistan. The HSBC Chairman Bank said they would be increasing their investment in Pakistan as the country had posted impressive growth.