Chinese delegation keen to invest in Pakistan’s steel, energy sectors
Islamabad (Online): The Chinese investors have showed keen interest in the Pakistan’s steel, energy, cement and other sectors for investment and joint ventures.
A delegation of Chinese investors representing various companies including Zonergy Company Limited and Hebei Weilang Import and Export Group Co., Limited visited Islamabad Chamber of Commerce and Industry, said a press release issued on Tuesday.
The delegation said China-Pakistan Economic Corridor has generated lot of interest in Chinese investors and purpose of their visit was to study the potential of Pakistani market for investment and business collaboration.
Zonergy Company Limited (ZONERGY) was China’s national high-tech enterprise which was providing resource integration services for customers in new energy and energy-saving, environmental protection industries, while it was now looking at Pakistan as a prospective country for investment and JVs.
Hebei Weilang Import and Export Group was a large-scale professional enterprise engaged in manufacturing of bicycles and offering 100 kinds of products in 10 classes including BMXs, frames, forks, BB axles, front and rear axles, brake cables and baskets to clients in Europe, the US, Australia, the Middle East, Africa, Southeast Asia and other areas. The Group was interested to explore Pakistani market for setting up bicycle plant.
While speaking, Acting President ICCI Sheikh Pervez said CPEC was a game changer for Pakistan and stressed that more Chinese investors should come to Pakistan to participate in this flagship project of historic cooperation between the two countries.
He said there was huge potential of investment in many sectors of Pakistan’s economy including energy, construction, steel, marble, infrastructure development, mining, oil & gas exploration, engineering, IT and others areas while CPEC was poised to open new horizons of investment opportunities between China and Pakistan. He said China has good expertise and advanced technology while Pakistan offered attractive incentives to foreign investors.
He urged that Chinese investors should harvest the investment friendly policies of the current regime by enhancing investment and joint ventures in Pakistan.