Pakistan wishes win-win cooperation with Chinese investors: Pakistani Planning Minister

Islamabad: Minister for Planning, Development, and Special Initiatives Asad Umar has said that Pakistan wished to have a win-win cooperation with the Chinese investors.

In a meeting with China Chamber of Commerce for Import and Export of Textiles and leading Chinese textile companies and investors here, Umar maintained that Pakistan offered the Chinese investors huge opportunities to develop a deeper understanding of the investment opportunities in the textile sector. “Pakistan wishes to have win-win cooperation with the Chinese investors”, Asad Umar was quoted as saying in an official statement.

Special Assistant to the Prime Minister on China-Pakistan Economic Corridor (CPEC) Affairs Khalid Mansoor, and some textile investors in Pakistan participated in the event organized by the CPEC Authority. Embassy of China in Islamabad and Pakistan’s Embassy in Beijing also joined the session through video link.

Asad Umar mentioned that the event had been organized to highlight to the Chinese investors, the comparative advantage of Pakistan in the textile sector.

Khalid Mansoor briefed the participants on the measures being taken by the government to facilitate the investors.

He informed that the legal framework was being further improved to make it easier for investors to start and run their operations.

He stressed that the industrial cooperation segment of CPEC holds great potential and significant work was underway to make full use of it.

A detailed presentation on the textile sector of Pakistan was given to Chinese entrepreneurs and investors wherein various aspects of comparative advantages of Pakistan were explained in detail.

The presentation included comparative data of the region for transportation, labor, utilities and other costs for the investors. It also highlighted the favourable market access situation for the country’s products in foreign markets. The facilities and incentives available to investors in CPEC’s Special Economic Zones (SEZs) were also discussed in detail.

The Chinese delegation greatly appreciated the online exchange and said that it was very informative for the participants. They pledged that investors’ visits would be arranged as soon as the travel restrictions are phased out.

Representatives of a number of large Chinese textile companies participated in the session. The participants also highlighted various aspects of the textile sector of Pakistan.