Punjab to fetch $3 billion Chinese investment

Punjab to fetch $3 billion Chinese investment

Punjab News

LAHORE: Heads of various investment companies of China met
Punjab Chief Minister Muhammad Shehbaz Sharif, here Saturday,
and announced investment of three billion dollars in energy, infrastructure,
transport, real estate and other sectors (Punjab News).

Chinese investors expressed keen interest in investment in different
sectors in the province. The leader of the Chinese delegation and
Vice President of Huarong International Holding Ltd. Ms. Xheng Yan
while speaking on the occasion said that more investment would be
made in Pakistan especially Punjab.

She also said that the term Punjab Speed of Chief Minister Muhammad
Shehbaz Sharif is referred to everywhere in China and Chinese companies
want to make investment in Punjab as Chinese investors are very much
impressed. She said that speedy investment would be made in Punjab in
accordance with Punjab Speed. She said that Chief Minister Shehbaz
Sharif had overtaken Shenzen Speed through his speedy completion
of development projects.

Moreover, Chinese Consul General Yu Boren also said that Punjab government under
the dynamic leadership of Chief Minister Shehbaz Sharif had provided
excellent atmosphere for investment and projects in infrastructure, transport
and energy sectors were being completed expeditiously. He said that he had
been in Lahore for two years and had seen speedy achievements of the
Punjab government led by Shehbaz Sharif.

Furthermore, Shehbaz Sharif while speaking on the occasion said that Pak-China
friendship had become an example for the whole world
and China Pakistan Economic Corridor had given a new dimension to
economic relations between the two countries. He said that
work was being carried out round the clock on energy and other projects
in Punjab as well as the whole country under CPEC.

Lahore Orange Line Metro Train Project

He also said that Lahore Orange Line Metro Train Project was a precious gift
of Chinese President and Prime Minister for Pakistan.
He said that Chinese President’s ‘One belt, one road’ vision would bring
about progress and prosperity in the region. He said that due to CPEC,
investors had been given new opportunities. He said that a number of
Chinese investors were benefiting from vast investment opportunities
in Pakistan especially Punjab.

The Chief Minister also directed to form a joint committee of Chinese investors
and Punjab government to submit final recommendation within fourteen
days for giving a practical shape to investment of Chinese investors.

The Chinese delegation

The Chinese delegation included Vice President China Huarong International
Holdings Ltd, Ms Xheng Yan, Chairman Hao
Tian Hodlings Ltd, Mr. Yau Wai Ming, Chief Executive Officer
Mr. Gao Falian, CFO China Innovative Finance Group Mr. Law Man
Tat, Executive Assistant Mr. Qi Dechao, Senior Advisor Mr. Zheng Dayong,
General Manager Chendong International and Technical Corporation
Group Mr. Sun Lie, Senior Business Manager Sun Yicheng and others.

Chinese Consul General Yu Boren, Deputy Consul General Wang Daxue
and Consular Attach‚ Zhai Yinglin, Provincial
Ministers Ch. Muhammad Shafiq, Dr. Ayesha Ghaus Pasha, Secretary
Energy, Secretary Primary and Secondary Health,
Chief Executive Officer Punjab Investment Board and senior officials
were present on the occasion.

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