Chinese cos plan to start airline in Pakistan, pledge $3 billion investment fund

Chinese cos plan to start airline in Pakistan, pledge $3 billion investment fund

Pakistan China News

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Friday said
the country’s economic outlook had altogether changed in last three years
and was being acknowledged globally (Pakistan China News).

Moreover, talking to a consortium of Chinese investment companies here at the
PM House, the Prime Minister said Pakistan was among the year’s
global top 10 improvers in ‘Doing Business 2017’ report, Business92 reported.

The Prime Minister also expressed satisfaction that Standard & Poor’s
(S&P) had also upgraded Pakistan’s ranking from B- to B.

He further mentioned that inflation was continuously on downward trend and
reduction in petroleum prices also helped in decreasing inflation, with
foreign exchange reserves increased to over US$24 billion.

Nawaz Sharif also said the country’s investment policy had been designed
to provide a comprehensive framework for creating a conducive business
environment for the attraction of Foreign Direct Investment.

He also said the country’s policy trends had been consistent, with liberalization,
de-regulation, privatization, and facilitation being its foremost cornerstone.

The Law of Special Economic Zones (SEZ) has been made to meet the global challenges of competitiveness to attract FDI.

Furthermore, warmly welcoming the delegation, the Prime Minister appreciated the
Chinese delegation’s fruitful interaction with Ministries of Finance,
Petroleum and Natural Resources, Secretary Water and Power and
Capital Development Authority.

The Prime Minister also expressed hope that members of the Chinese delegation
would have a productive visit in the backdrop of briefing by various
Ministries about immense potential for investment in Pakistan’s
infrastructure development, energy and communication sectors.

He also expressed his gratitude to the leadership and brotherly people of the
People’s Republic of China for their all-weather support, getting stronger
with each passing day.

The China Pakistan Economic Corridor

The China Pakistan Economic Corridor is a game changer that is going
to transform the lives of the billions of people of the region, the Prime Minister further said.

The members of the visiting delegation lauded the vision of the Prime Minister
for economic revival and putting the country on development path.

They also said Pakistan was fully ready as well as capable of absorbing and
capitalising the Foreign Direct Investment.

The delegation apprised the Prime Minister

The delegation apprised the Prime Minister of bringing $3 billion
Investment Fund to Pakistan because of his vision focusing on infrastructure
development and energy sectors.

The Chinese delegation also expressed its intent to explore possibility
of starting a new airline in Pakistan after the permission from the government of Pakistan.

The Chinese side said that it is actively pursuing its investments in
infrastructure, power, aviation and tourism sectors of Pakistan.

“We fully appreciate the vision of Prime Minister Muhammad Nawaz Sharif
which enunciates that economic prosperity is an offshoot of infrastructure connectivity and self sufficiency in the energy sector,” the members of the delegation stated.

The delegates said the government under the visionary leadership of Prime
Minister Muhammad Nawaz Sharif had done  enormous work in infrastructure
development and attaining energy self-sufficiency.

“The present government has very liberal investment regime that offers an
ideal and investor friendly environment for which the leadership role of
Prime Minister Muhammad Nawaz Sharif is highly appreciated,” they said.

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