Chinese company ‘Li and Fung’ willingness to invest in Pakistan

Lahore: Faisalabad Industrial Estate Development and Management Company (FIEDMC) Chairman Mian

Kashif Ashfaq Friday said Li and Fung, one of the biggest Chinese buying company expressed its willingness

and evinced keen interest for business collaboration and investment in multiple sectors of Pakistan including


FIEDMC Chairman Mian Kashif Ashfaq disclosed this after week long successful tour to Shanghai in China-

Pakistan Vendor Summit while talking to media here today. Mian Kashif said a high profile Pakistani

delegation included Ahmad Nawaz Sukhera Federal Secretary, Ministry of Commerce, Board of Investment,

TDAP, FIEDMC and leading industrialists held very successful meetings with Li and Fung Chief Operating

Officer Wilson Zhu and both the sides agreed to explore investment opportune ties to strengthen further

mutual relations.

Mian Kashif Ashfaq said in rapidly changing world scenario especially in wake of US-China trade conflict,

the Chinese government has directed its companies to set up industries in Pakistan or start Joint Ventures

(JVs) to exploit world market and this is very good omen for the economy of the country. He said the good

thing is that the government is taking steps to ensure that a business-friendly environment is provided to

foreign investors and to improve the ease of doing business in Pakistan

He further said during their meeting with Wilson Zhu, he was of the opinion that Pakistan was making good

progress and creating new prospects for foreign investors. He said in terms of development, Pakistan was at a

similar stage where China was 25 years ago that showed that Pakistan was emerging as a good market for

foreign investors.

“Both sides agreed to further expand and deepen their collaboration including in the areas of new and

emerging technologies, nanotechnology, biotechnology, ICT, which can contribute to improved living

standards through their applications in the fields of health, agriculture, water, energy and food security,” he