December 9, 2021

The World Stock Markets Tips & Targets, News, Views & Updates

The World Stock Markets Tips & Targets, News, Views & Updates

Imran Khan says his govt will support Chinese businesses in Pakistan

Prime Minister has said that his government will support Chinese businesses in Pakistan on a priority basis as he directed the authorities to immediately resolve the issues related to road connectivity and provision of utilities being faced by investors from China.

Khan made the remarks during his meeting with a Chinese business delegation led by Chen Yan from Challenge Fashion (Pvt) Ltd on Saturday.

“We will support Chinese businesses in Pakistan on a priority basis and are grateful to them for their keen interest in accelerating their investment in special economic zones, Prime Minister Khan was quoted as saying by the state-run Associated Press of Pakistan (APP).

Khan was informed that Chinese businessmen were ready to start operations in the glass, ceramics and IT sectors as OPPO, a leading Chinese consumer electronics and mobile company, is going to set up a mobile sets manufacturing unit and a research and development centre in Pakistan.

Its decision to manufacture mobile sets in Pakistan would help the country save a lot of foreign exchange reserves on the import of smartphones and create jobs for tech graduates.

The meeting was attended by Energy Minister Mohammad Hammad Azhar, Adviser on Commerce Abdul Razak Dawood, Chinese Ambassador to Pakistan Nong Rong and other officials.

In his remarks, Nong acknowledged that many issues had been resolved and great progress had been achieved since the prime minister’s previous meeting with Chinese businessmen on September 13.

“We will send more positive information to China to encourage more Chinese businessmen to invest in Pakistan, he said.

A Chinese entrepreneur representing OPPO said that the company had already been present in Pakistan for more than seven years and had made around USD 150 million investment in the country.

He said like other companies, for OPPO too, it was a very good environment in Pakistan to continue to invest there and the interaction with the prime minister helped the swift resolution of the issues.

He thanked the prime minister for helping the Chinese businessmen by extending facilitation to them.

If anybody comes to me and ask should they invest in Pakistan, I will say yes, he remarked.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Share This :