Chinese companies prefering Pakistan for investment: Envoy

LAHORE, Aug 2 (APP): Chinese Ambassador to Pakistan Sun Weidong met Punjab Chief Minister Muhammad Shehbaz Sharif in Islamabad on Tuesday and discussed with him matters regarding agreements and memorandums of understanding for economic development signed during the CM’s recent visit to China, says a handout.

The Chinese Ambassador congratulated Shehbaz Sharif on his successful visit to China and said Chinese companies were giving preference to Pakistan for investment.

Speaking on the occasion, the Chief Minister said his recent visit to China was very useful and the meetings with Chinese leadership, prominent leaders of Communist Party of China, ministers, Chinese investors and industrialists had been very fruitful where it was agreed to promote development cooperation between China and Pakistan.

He thanked Chinese leadership, Communist Party of China and business community for the warm welcome and full cooperation in China, and said the respect and honour given to him during the visit could never be forgotten.

He said the senior Chinese leadership and Communist Party of China expressed deep love and confidence during the visit.
Shehbaz Sharif said deep-rooted friendly relations between China and Pakistan were turning into strong economic ties due to mutual contact.

He said exchange of visits between China and Pakistan was opening new avenues of economic cooperation and progress and a large number of Chinese companies were taking interest in investment in Pakistan especially Punjab due to splendid investment opportunities available in the province.

He said China Pakistan Economic Corridor was of vital importance for national development and it had taken Pak-China friendship to new heights, adding this project would result in progress and prosperity not only of Pakistan but of the entire region.

He said the completion of this project would result in creation of job opportunities, promotion of trade activities and economic prosperity.

The Chinese Ambassador appreciated the comprehensive measures taken by Punjab government for economic progress and infrastructure development and said the trend of Chinese companies for investment in Pakistan especially Punjab was increasing due to conducive atmosphere of investment.

He said mutual trade and industrial cooperation was also growing between the two countries, adding due to trade friendly policies of the government, Chinese companies were giving preference to Pakistan for investment.