President Zardari seeks greater Chinese, Australian investment

Published April 25, 2024
Luo Zha­o­hui, chairman of the China Inter­national Development Cooperation Agency (CIDCA) meets Presi­d­ent Asif Ali Zardari on Wednesday. — PID
Luo Zha­o­hui, chairman of the China Inter­national Development Cooperation Agency (CIDCA) meets Presi­d­ent Asif Ali Zardari on Wednesday. — PID

ISLAMABAD: Presi­d­ent Asif Ali Zardari on Wednesday called on Chi­nese and Australian investors to capitalise on opportunities across various se­c­tors in Pakistan, inclu­d­ing agriculture, trade, economy, and infrastructure.

During a meeting with Luo Zha­o­hui, chairman of the China Inter­national Development Cooperation Agency (CIDCA), who met Mr Zardari at Aiwan-i-Sadr along with a delegation, the president said Pakis­tan and China enjoyed long-term strategic relations, which needed to be further strengthened in the areas of trade, economy, agriculture, people-to-people contacts, and culture.

According to the Pres­idency, Mr Zardari underlined the need for both countries to continue wor­king together to improve bilateral relations.

The Chinese ambassador to Pak­is­tan, Jiang Zai­dong, Plan­ning Co­m­mi­­ssion Deputy Cha­ir­man Dr Jaha­nzeb Khan, and senior government officials also attended the meeting.

Reiterating Pakistan’s firm commitment to China-Pakistan Economic Corridor (CPEC), Presi­dent Zardari said Pakistan accorded immense strategic importance to the multibillion-dollar project and was fully committed to the timely completion of all CPEC projects.

Highlighting the importance of Gwadar Port, he said it would not only promote regional connectivity but also make transpo­r­ting goods to China cost-effective. He also sugge­sted undertaking joint tr­a­ining projects to equip workers with skills considering the Chinese demand.

Mr Luo, the CIDCA chairman, briefed Presi­dent Zardari about the agency’s role in Pakistan’s socio-economic development and its contributions in the health and education sectors. He also underlined the need to promote tourism and agricultural cooperation bet­ween the two countries.

The president expre­ssed grief over the last month’s Bisham suicide bombing, in which five Chinese wor­kers and a local were kill­ed, saying that Pakis­tan would make all-out efforts to provide a safe environment for Chinese workers and investors in Pakistan.

Mr Luo said the enemies of the two countries wanted to harm bilateral relations, but they would never succeed in their designs.

The president thanked the Chinese government for supporting Pakistan and playing a vital role in Pakistan’s economic deve­l­o­pment. He also appreciated CIDCA’s contributions to the rehabilitation of flood-affected people and reconstruction of sch­ools in Khyber Pakhtun­khwa and Sindh, as well as the construction of housing units for lady health workers in Sindh and Balochistan.

Australian high commissioner

In a separate meeting with the high commissio­ner of Australia to Pakis­tan, Neil Hawkins, Presid­ent Zardari said the two countries enjoyed a durable relationship and urged Australian companies to invest in different sectors of Pakistan, including agriculture, agricultural equipment and other tools.

The president expr­e­ssed satisfaction with the bilateral cooperation in the mining and mineral sectors.

Published in Dawn, April 25th, 2024

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

PIA’s privatisation
Updated 01 Jul, 2026

PIA’s privatisation

THE management control of PIA has finally been transferred to a consortium comprising private investors and the ...
Rights beyond rulings
01 Jul, 2026

Rights beyond rulings

THE Supreme Court’s recent ruling that jewellery, bridal gifts and dowry articles given to a bride remain her...
Asia left behind
01 Jul, 2026

Asia left behind

ALARMING regression has been witnessed in the Asian teams at the FIFA World Cup. A record nine representatives from...
Resurgent threat
Updated 30 Jun, 2026

Resurgent threat

THE message from Islamabad to Kabul seems to be clear: any act of terrorism inside Pakistan found to be linked to...
Unchecked powers
30 Jun, 2026

Unchecked powers

THERE is little disagreement that Punjab needs stronger tools to combat organised crime, habitual offenders and...
Patriot Pass
30 Jun, 2026

Patriot Pass

IT must be a shared humanity that has bonded the ‘leader of the free world’ so closely with his counterparts in...