MONITORING REPORT ISB: The “Pakistan Theme Day” has recently been held at the Pakistan Embassy in Beijing, which was attended by Chinese entrepreneurs, businessmen and investors.
Purpose of the event was to attract Chinese investment in Pakistan by highlighting the business and investment environment there.On the occasion, Pakistan ambassador to China, Masood Khalid, said that Pakistan, being the most economical route for Chinese exports, is naturally positioned to serve as an energy and trade corridor for China.
“Pakistan is an ideal location for industry and investment due to its geographic location. It provides the cheapest and most viable sea route to western China and Central Asian States. The cargo destined from and to Persian Gulf and Middle East can reach Chinese provinces within a few days from Pakistani ports of Gwadar and Karachi,” Masood said.
He said that both the countries have initiated the work on mega project of Pakistan – China Economic Corridor, under this project, up-gradation of Karakorum Highway, road and rail links, industrial parks, Special Economic Zones, energy pipelines, communication and IT networks are envisaged.
Hanergy, a Chinese company developing solar projects in Pakistan, has set up a branch in the country.
Zhang Kai, Vice President of Hanergy Global Solar Asia Pacific, said that the company welcomes local companies to be their strategic partners.