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Foreign investment to boost Pakistan’s economy: PM

imageISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Tuesday said that foreign investment in Pakistan would provide much needed boost to the economy and generate employment opportunities.

He expressed these views during a meeting with Xu Ziqiu, President of China Shipbuilding and Offshore International Company (CSOC), who called on the Prime Minister.

The Prime Minister said, Pakistan has a growing strategic relationship with China and it welcomes new and innovative ideas in all fields.

He said that investment in construction/manufacturing sectors not only provide impetus to the economy but at the same time, generated employment opportunities.

Pakistan has always welcomed Chinese investment which had been a source of further strengthening of ties between the two countries, he said.

Xu Ziqiu apprised the Prime Minister that CSOC was involved in design, manufacture, repair, lease, sales of ships, marine equipment, electrical and electronics, turnkey contracts in metallurgy, petrochemicals, civil construction, power stations, hydropower and bridge projects.

He further informed that his company was looking into investment in the various construction sector projects in Pakistan.

Chinese ambassador to Pakistan Sun Weidong and Special Assistant to PM Tariq Fatemi were also present in the meeting.

Copyright APP (Associated Press of Pakistan), 2013