President Asif Ali Zardari on Thursday said that there was a great opportunity for Chinese investors to take advantage of special business and investment opportunities being offered by Pakistan.
During a meeting with Asia Investment Chairman Houtang Li Yan who called on him, Zardari said that Pakistan eagerly awaits Chinese investment in the new city of Zulfikarabad. He said that the proposed city would be an engine of growth and go a long way in generating economic activities.
It will give tremendous boost to the social and economic uplift of the area besides creating enormous job opportunities, he said. The president appreciated Chinese interest in development of special economic zones in the proposed city project. These economic zones would not be confined to industrial and economic activities but would cover the entire range of activities in a modern metropolis.
He said the project would not only further strengthen Pak-China cooperative partnership but was also homage to the great leader Zulfikar Ali Bhutto who laid the foundation of strong Pak-Sino friendship. Zardari reiterated that the idea of setting up a new city was to meet the challenges of the future and to develop safe, modern and an environment friendly coastal city having world class amenities with economic opportunities. The president appreciated Asia Investments’ decision to invest in the Special Economic Zone said that the government would provide all possible assistance and facilitation to the Chinese companies and investors especially in the petrochemicals and other areas especially those that do not exist in the country at present.
ZDA Managing Director Lieutenant General (r) Syed Iftikhar Shah briefed participants about the progress made so far in the proposed project. Yan thanked the president for the meeting and the government’s assistance and facilitation in their business ventures in Pakistan.
Opportunities for China exists else where. Just lately they pulled out from financing the gas pipeline.
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