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Pakistan has initiated major steps to further promote and speed up the
existing investment activity with China-Hong Kong. Dr. Abdul Hafeez Shaikh,
Federal Minister for Privatisation & Investment stated this while addressing
Investment Conference inaugurated by the Prime Minister Mir Zafarullah Khan
Jamali, says a message from Hong Kong received here today.
He said that there existed vast scope for Chinese investors to invest in Oil &
Gas, Financial Institutions, Telecom, Information Technology, Manufacturing
and other sectors in Pakistan. Pakistan provided unmatchable facilities to the
investors with out any restriction on the quantum of investment/ equity and
they were free to repatriate their profit, he added.
The Minister further stated that the lucrative investment opportunities being
offered by Pakistan had attracted large number of investors from within and
out side Pakistan without any discrimination between the local and the foreign
investors.
Dr. Hafeez Shaikh said that Pakistan-China economic relations were strong and
robust. China had made valuable contribution to Pakistan's economic
development particularly in the development of infrastructure and setting up
basic industry, cooperating closely in the development of Gwadar Port, which
would provide important access route to the sea for Afghanistan and Central
Asian Republics while large number of important projects such as Karakoram
Highway, Thar Coal mining, up-gradation of Pakistan Railways and Power
Generation Projects were shining examples of our economic cooperation, he
stated.
He highlighted the Pakistan's efforts undertaken for increasing the economic
growth through investment and said that the consistency and continuity of our
economic, investment and privatisation policies had resulted in the all time
record increase in our foreign exchange reserves, the best performing capital
markets and restoration of confidence among the investors.
The Minister also held separate meetings with the top leaders of various
Chinese business Groups and other delegates from the multinational companies
present in Hong Kong, which included Mr. Miteo Pellegrini, President Asia
Pacific Phillip Morris International, Hong Kong, while 50 participants from
Pakistan's private sector and 250 leading businessmen from Hong Kong and China
attended the Investment Conference.