PM Shehbaz Sharif welcomes Chinese investment in Pakistan
Prime Minister Muhammad Shehbaz Sharif welcomed Chinese investment in Pakistan during a meeting with a delegation from Hengeng Trading Company, led by Chairman Zhang Bin. He highlighted the importance of recent bilateral business agreements made during his visit to China. The meeting, attended by several ministers and officials, focused on enhancing collaboration in the agriculture sector. The Prime Minister directed the Gwadar Port Authority to provide facilities and ensure uninterrupted utilities for Chinese companies at the Gwadar Free Zone. Hengeng Trading Company is investing in various sectors, including agriculture and pharmaceuticals, and is constructing a $50 million slaughterhouse in Gwadar, expected to generate $30 million in annual exports and create 1,000 jobs.
ISLAMABAD, July 23 (APP): Prime Minister Muhammad Shehbaz Sharif on Tuesday while welcoming the Chinese investment in Pakistan said that during his recent visit to China, a number of significant bilateral business to business agreements between the companies of two countries, was a good sign in this regard.
The prime minister was talking to a delegation of Hengeng Trading Company led by Chairman Zhang Bin. The meeting was attended by Minister for Economic Affairs Ahad Khan Cheema, Minister for National Food Security and Research Rana Tanvir Hussain, Minister of State for Finance Ali Pervaiz Malik and other relevant senior officials, PM Office Media Wing said in a press release.
The prime minister said that Pakistan wanted to seek benefits from the Chinese experience in agriculture sector and directed Gwadar Port Authority for provision of all possible facilities to the Chinese companies.
He also asked for ensuring uninterrupted supply of utilities at Gwadar Free Zone.
The prime minister was briefed that Hengeng Trading Company was investing in agriculture, livestock, medicines and other sectors of Pakistan.
The company was also constructing a slaughter house with all the latest facilities at Gwadar, at a cost of $50 million. Its completion could generate $30 million annual exports from Pakistan’s livestock sector while it would provide 1,000 new jobs opportunities to the local populace.
The company was also exporting pharmaceutical products to China after processing them at Gwadar Free Zone, it was further added.
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