PM Encourages Chinese Investment in Pakistan’s Textile Industry

News Desk4 weeks ago

China is an important partner for Pakistan’s growth, according to the prime minister, who was presiding over a meeting to discuss promoting collaboration between Pakistan and China. In addition to increasing its exports to China, Pakistan wants to deepen its cooperation with China in the fields of energy, information technology, and agriculture.

According to a press release from the PM Office, various ministries discussed ideas they had for advancing the economic ties between China and Pakistan during the discussion. The prime minister restated that since a thorough security strategy had already been developed, the government would guarantee Chinese nationals working in Pakistan impenetrable security.

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He informed the attendees that Gwadar Port will become a logistics hub with China’s assistance and that the government was getting ready for the second phase of the China-Pakistan Economic Corridor (CPEC).

Agriculture Demonstration Zones would be established as part of the second phase of the China-Pakistan Economic Corridor (CPEC), according to Prime Minister Shehbaz, who also gave the ministries instructions to get ready to start new projects with Chinese assistance and strengthen business-to-business ties.

He informed the gathering that China might help Pakistan develop an export-boosting plan. Attending the meeting were state minister Shaza Fatima Khawaja, special assistant to prime minister Tariq Fatemi, deputy chairman of the Planning Commission Jahanzeb Khan, and pertinent senior officers. Federal ministers Ahsan Iqbal, Jam Kamal Khan, Ahad Khan Cheema, Muhammad Aurangzeb, Attaullah Tarar, Dr. Musaddik Malik, Rana Tanveer Hussain, Awais Ahmed Leghari, and Qaiser Ahmed Sheikh were also present.

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