PM visit to China will further strengthen bilateral economic cooperation: Kashif

PM visit to China will further strengthen bilateral economic cooperation: Kashif

LAHORE (NNI): Chairman UK Pakistan Business Council Mian Kashif Ashfaq Sunday said that ongoing visit of Prime Minister Imran Khan to China will further strengthen economic cooperation and impetus to flow of uninterrupted Chinese investment in various projects of national importance.
Commenting on the visit of Prime Minister to China, he said Pakistan signed a new agreement with China to kick off the $60b second phase of flagship gigantic fate changer CPEC project having strategic significance for both countries and delivering tangible benefits to the people.
He said another signed framework agreement on industrial cooperation is aimed at attracting foreign direct investment, promote industrialisation, development of economic zones, execute projects in private and public sectors.
He said Chinese cooperation with Pakistan has reached economic high points with substantial Chinese investment in Pakistani infrastructural expansion including the deep water port of Gawdar and both countries are also enjoying the ongoing free trade agreement.
He said Prime Minister Imran Khan has invited Chinese companies to further invest in Pakistan and take benefits from business friendly policies of PTI led government.
Mian Kashif Ashfaq who is also former Chairman Faisalabad Industrial Estate Development and Management Company (FIEDMC) said China, the world’s second largest economy after the United States, has already pumped billions of dollars in various sectors.
He said scores of Chinese entrepreneurs availing ten years tax holidays have already established their factories and plants in FIEDMC under the policy of substituting industries which will save billions of dollars foreign exchange.
He said China has also consistent record of fully supporting Pakistan in regional issues and both countries have placed considerable importance on the maintaining extremely closer and supportive special relationship and the two countries high level visits resulted into a variety of agreements.
He said Imran Khan visit would reinforce the all weather strategic cooperation partnership between the two countries in addition to advancing the objectives of building a closer China Pakistan bonds of brotherhood with a renewed shared future.

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