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Chinese delegations call on PM
ISLAMABAD, Nov 30 : Two Chinese trade delegations of International Water and electric Corporation of China and China Development Bank held separate meetings with Prime Minister Shaukat Aziz at the Prime Minister’s House this afternoon and discussed plans to invest in various sectors in Pakistan.
Jin Canning, President China National Chemical Engineering Corporation, presented to the Prime Minister a cheque of one million dollars for the rehabilitation of earthquake affected areas on behalf of Mr. Chen Yuan, the governor of China Development Bank.
Jin Canning said his company is doing negotiations for joint business with Pakistani companies in fertilizer business. He appreciated Pakistan Government for its investment friendly policies, transparency in privatization policy and conducive atmosphere for business and trade activities.
Talking to the delegations the prime Minister noted that business relations between Pakistan and China have increased. He asked Mr. Jin Canning to look into the possibilities of setting up a refinery in Pakistan for which many investors from Middle East have already shown interest. The Prime Minister said there is a global shortage of refining facilities. Pakistan, due to its strategic location is the best satiable place for refining facility where oil from Middle East and Gulf states can be refined for domestic consumption and export, said the Prime Minister.
Talking to Dr. Lub Guojun, President International Water and electric Corporation of China, the Prime Minister said that the need for power and energy is increasing as economic activity is picking up. He said that the Government would welcome the International Water Electric Corporation of China to invest in this area, which offer good returns.
The Prime Minister said that Pakistan is an investor friendly country and the Government believes in providing a level playing field to all investors local and foreign, “Transparency and efficiency are the hallmarks of our policies particularly in the economic field”, he observed.
The President of the International Water and Electric Corporation of China informed the Prime Minister that their company is currently associated with construction of 50MW Wind Park in Gharo near Karachi and Mangla Dam raising project. He said that the Corporation is exploring the possibilities of more joint ventures with the Pakistani companies as the business climate is very conducive in the country.
Courtesy APP