Chinese firms are being invited for investment by Pakistan

Energy and Petroleum are the most fundamental and crucial sectors which fosters a sustainable, secure and prosperous economy for a country. Federal Minister of Pakistan Dr.Musadik Malik for petroleum has invited Chinese firms to invest in the energy and petroleum sectors at the China (Shaanxi)-Pakistan Conference which was held at the International Expo at Xi’an Shaanxi Province in China. This conference majorly focussed on the economic and trade cooperation between the two nations which could benefit the development of the countries for future. 

He brought out the significance of attracting the foreign investments to fortify the infrastructure, and energy production sectors which are essential for the country’s better economy. He also highlighted the importance of enhancing B2B – business to Business interconnections in the sectors including mining, petroleum, energy, and technology. He also felicitated the relationship of China and Pakistan which has become the definition of cooperation, peace, prosperity, and development. 

Federal Minister Dr.Musadik’s statement reaffirmed their country’s commitment in working together with China based on win-win cooperation for sustainable development, shared growth, and enduring comradeship. He also highlighted the two significant infrastructure projects

• Belt and Road Initiative (BRI)
• China-Pakistan Economic Corridor (CPEC)

“Top companies from Pakistan specialising in upstream, midstream, and downstream petroleum and coal are looking to collaborate with Shaanxi companies through investment, joint ventures, and technology transfer. Our long-standing friendship and strategic partnership with China is based on mutual trust, benefit, and support. We are committed to strengthening our ironclad relationship in energy, economy, investment, trade, and other areas” said Dr.Musadik at the Conference.

From the statement of the Pakistan PM office it is confirmed that the Chinese investment company RUYI is going to invest in setting up textile parks in Pakistan. It is assured that this park will run by using solar energy. The inauguration of the first textile park will commence this year and will be completed in the next three years. It is believed that this investment will create over 300,000 to 500,000 jobs for local people with a profit of $2 billion from the products which will get exported. The Chinese investment company RUYI has already invested in a coal power plant which is running in Sahiwal district, eastern Pakistani Province, Punjab.