ISLAMABAD, Oct 19 (APP): Finance Minister Senator Muhammad Ishaq Dar Wednesday said the government was laying foundations of a strong pro-business environment through national infrastructure projects which would further stimulate economic growth.
He was talking to a delegation of senior officials of Bank of China (BoC) led by its BoC Chairman Tian Guoli, which called on him here.
The minister appreciated the bank’s interest in business
opportunities in Pakistan adding that being one of world’s five largest banks, the BoC was well positioned to bring investment to Pakistan.
He said that the government was laying the foundations of a strong pro-business environment through national infrastructure projects which would stimulate further growth of the economy.
The minister apprised the delegation about the incentives being provided through Special Economic Zones (SEZs).
He welcomed the initiative of opening a Bank of China branch in Pakistan and assured government’s full support in this regard.
He expressed the hope that the initiative would likely to motivate more Chinese companies to invest in Pakistan directly.
On the occasion, the BoC Chairman apprised the Finance Minister that he had witnessed the potential of Pakistan’s economy during his three-day visit and commended the government on the difficult steps taken to improve the country’s economic outlook on both the domestic and international fora.
He said the reforms undertaken by the government were deep rooted and expressed full support from Bank of China to collaborate with the Government of Pakistan to achieve further success and milestones in its economic reform agenda.
He added that various Chinese companies were exploring opportunities to move their manufacturing to Pakistan.