Asad Umar stresses win-win cooperation with China

Published December 2, 2021
In this file photo, Planning Minister Asad Umar addresses a ceremony to mark the arrival of first consignment carrying equipment and machinery for Century Steel at Karachi Port, for setting up of a steel mill in Rashakai Special Economic Zone. — APP
In this file photo, Planning Minister Asad Umar addresses a ceremony to mark the arrival of first consignment carrying equipment and machinery for Century Steel at Karachi Port, for setting up of a steel mill in Rashakai Special Economic Zone. — APP

ISLAMABAD: Pakistan wishes to have win-win cooperation with Chinese investors, federal Minister for Planning Development and Special Initiatives Asad Umar said on Wednesday during an online session organised by the China-Pakistan Economic Corridor (CPEC) Authority with China Chamber of Commerce for Import and Export of Textiles and leading textile companies and investors from the neighbouring country.

The minister emphasised that the session had been organised to apprise the Chinese investors of Pakistan’s comparative advantage in the textile sector.

He stressed that such meetings were aimed at giving investors an opportunity to develop a deeper understanding of investment opportunities in the textile sector.

Special Assistant to Prime Minister on CPEC Affairs Khalid Mansoor and some textile investors in Pakistan also attended. The Chinese embassy in Islamabad and Pakistan’s embassy in Beijing also joined the session.

Briefing the participants on the measures being taken by the government to facilitate investors, Mr Mansoor said the legal framework was being further improved to make it easier for investors to start and run their operations. He said the industrial cooperation segment of CPEC held great potential and significant work was under way to make full use of it.

A detailed presentation on Pakistan’s textile sector was given to Chinese entrepreneurs and investors wherein various aspects of the country’s comparative advantages were explained.

Published in Dawn, December 2nd, 2021

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