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fpcci----KARACHI: Gao Xiqing, President, China Investment Corporation on Monday appreciated the unanimity he registered among business community, investors, bankers and government functionaries in Pakistan about the needs of their country and the modes to meet the same.

 

Talking to the delegations of FPCCI and Pakistan China Business Council, he said since there was absolute understanding viz a viz priorities of their country it was easy for his team to make its recommendations about possible investments in identified sectors.

 

"CIC that had for quite some focussed on low risk investments is now contemplating to modify its approach," said Gao Xiqing.

 

"Since the global economic melt down we are now focussing on developing countries of Asia and Latin America," he added.

 

The CIC said investments in Pakistan will equally help China as the potential of the country with a sizable number of young population besides abundance of wide range of natural resources are crucial components for economic development.

 

CIC President was quite hopeful that Chinese entrepreneurs, who have established their presence in almost all corners of the world would soon be in Pakistan.

 

He said deliberations with government functionaries and business communities has made it extremely clear that issues ranging from energy to food security are among top priorities of Pakistani stakeholder.

 

CIC President said discussions in Pakistan also presented a clear picture about its potential for the growth of banking and industrial sectors alongwith road and railway infrastructure, communication, mining, reprocessing units for mineral resources, heavy machinery and so-forth. CIC President, visiting Pakistan on the invitation of President of Pakistan, Asif Ali Zardari, is accompanied by Zhou Yuan, Chief Strategy Officer of CIC, Fan Kungsheng, President CIC - International (Hongkong), Cao Yu, CIC Managing Director, Lu Jinuo, CIC Vice President, Mi Tao and Li Xinxin, CIC directors.

 

Copyright APP (Associated Press of Pakistan), 2012


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln