Businessmen say Wen’s visit to encourage investors
ISLAMABAD: The visit of Chinese Premier, Wen Jiabao to Pakistan would build the confidence of foreign investors for investment in different sector of national economy.
Talking to APP here on Sunday President ICKY Mehfooz Elahi said that his visit would further enhance economic and trade cooperation between the two friendly countries, besides boosting the confidence of the business community.
"Chinese Premier has come with a large business delegation comprising about 250 top businessmen, hence providing an opportunity to the business persons to explore ways for developing trade relations with their Chinese counterparts," he added.
He said he was optimistic that the visit would pave way for enhanced trade to meet the target of enhancing trade volume to $15 billion by 2015.
Pakistan, he said has multi-dimensional and deeprooted relationship with China and long-standing ties of friendship between the two countries are underpinned by mutual trust and confidence.
A number of agreements, worth millions of dollars, in different sectors including energy, infrastructure, engineering, telecom, tourism, mineral and mining, automobile and agriculture signed during the Premier's visit, he added.
He said Pakistan was an agro-based country, however, agriculture productivity is not up to the mark due to use of traditional measures, adding Pakistan was looking forward to China to give technology for assistance to modernize agriculture.
He was of the view that establishment of industrial facilities and upgradation of communication infrastructure, besides boosting trade between the two countries will also enhance regional connectivity.
He appreciated the Presidency level meeting between both countries to resolve Pakistan's energy crisis through development of hydel, thermal and solar energy projects adding that Chasma project was subsequently resumed as a cooperative project between Pakistan and the China Nuclear Energy Industry Corporation.
Mafooz said China and Pakistan have witnessed steady growth in mutual investments in recent years adding investment of more than $1.3 billion was made by China in Pakistan in the last few years.
He said that the combined effect certainly will be Pakistan's economic revival adding improved relations with China will also contribute towards Pakistan 's security in the changing regional geopolitical environment. -App