Chinese industrialists plan $1bn investment

The Newspaper's Reporter Published July 12, 2019

The Chinese delegation from the city of Chongqing met Planning Minister Makhdoom Khusro Bakhtyar (pictured) on Thursday and discussed proposals to explore opportunities for future cooperation. — DawnNewsTV/File

ISLAMABAD: Chinese investors have shown willingness to invest around $1 billion in various sectors including automotive, textiles, agriculture and related industries, information technology and telecom industries.

The Chinese delegation from the city of Chongqing met Planning Minister Makhdoom Khusro Bakhtyar on Thursday and discussed proposals to explore opportunities for future cooperation.

Chongqing is a centre of heavy industrial activity in central China, especially automotive and electronics industries of the region along with 37 industrial parks.

Bakhtyar assured that the planning ministry will extend support and facilitate investment to further the economic cooperation between the two countries.

Talking about China-Pakistan Economic Corridor, the planning minister noted with appreciation that CPEC has now entered in its second phase with focus on industrial and agriculture cooperation, socioeconomic development and Gwadar. The establishment of industrial zones has the potential to revive the country’s industrial sector.

China can help increase Pakistan’s exports by relocating export-oriented industries and initiating joint ventures in various fields which will boost cooperation and strengthen bilateral economic partnership between the two countries, he added.

Published in Dawn, July 12th, 2019

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Liman Gashkori

Jul 12, 2019 09:13am

China is short of cotton.

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Bill

Jul 12, 2019 09:17am

When I was in Chongqing in 1995 it had almost a million and a half people. Today there are 30 million people.

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K. Aksay Gul

Jul 12, 2019 09:19am

... What we dearly want is a bilateral economic partnership.

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Jul 12, 2019 09:43am

Tons of ore was taken to China as Sample while arrest warrant of invader still remains to be executed. This time only those Chinese Industrialists should be given permission who have clear record in China

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SHAHID SATTAR

Jul 12, 2019 10:16am

Unlike our businessmen, the Chinese are very shrewd in their business dealings. We should be careful in doing any business with them. They have worldly expertise with which we are completely unaware of and that is one big disadvantage to us.

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Ejaz

Jul 12, 2019 11:44am

Excellent why your investmrnts sre not being investigated by NAB.

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irfan

Jul 12, 2019 11:46am

Please say No to Chinese loan . CPEC investment turns out to be a loan

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Dabang

Jul 12, 2019 01:11pm

Game Changer?

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Vikas

Jul 12, 2019 01:38pm

Didn’t really expect anyone else to invest but the Chinese. They’re definitely interested in buying Pakistan.

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Tahir Raouf

Jul 12, 2019 03:36pm

Lets see who will come in these uncertain economic conditions

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Vikas

Jul 12, 2019 03:46pm

@irfan, don’t worry about CPEC. It ain’t happening. Even Zak has given up on it by now. If it had to them Pakistan by now would already have been the richest and the most powerful nation on Earth.

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WayToGo

Jul 12, 2019 04:41pm

Deepen the loans!!! Good going..

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Rana Talukdar, out of this world.

Jul 12, 2019 10:26pm

Chinese can sale sour mangos again and again to the same man at the same place in the same day. So who is guilty?

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Enlightened One

Jul 13, 2019 01:54am

Ask the Chinese investors to set up manufacturing facilities in Pakistan geared towards export markets - of manufactured goods - whether automotive, construction machinery, tools, engineered goods, sporting goods, etc. That would indeed become a catalyst for spurring more business activity to supplement such initiatives. Or, the Chinese investors could assist in building environmentally sustainable tourism infrastructure and facilities such as hotels, public amenities at every tourist stop!

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ABBY

Jul 13, 2019 03:29am

What Pakistan will do for Chinese business.? Are Pakistani business men capable for manufacturing Chinese products and export them with profit.? or Chinese will loose their Investment. China is looking to manufacture some of her products any where outside China to beat sanctions. There are many other countries better than Pakistan but Pakistan has geographical advantage but honesty and loyalty are main factors. Wait and see.! Sri Lanka, Bangladesh, India and Turkey are in list too.

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Hansoti Sh.

Jul 13, 2019 11:59pm

@Vikas, Infrastructure investment results in longer term strategic benefits not instant gratification like a druggie's fix. China has done well in hauling itself up by the bootstraps. Sour grapes from our nearest & not so dearest neighbours.

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