The Pakistani government’s commitment to fostering foreign investment, asemphasized by Chinese Charge d’Affaires Pang Chunxue, holds a pivotal rolein the nation’s ongoing development. This statement by the Chinese envoygains significance when viewed in light of a revelation by a formerPakistani ambassador, highlighting historical reluctance on Pakistan’s partto engage with Chinese industrialists. Both Pang Chunxue and the formerPakistani ambassador shared their perspectives on the Aaj News showRubaroo, aired on Sunday.
Pang Chunxue articulated that the China-Pakistan Economic Corridor (CPEC)had embarked on its second phase. The initial phase primarily involvedsubstantial infrastructure development, while the second phase focuses onpromoting sectors such as agriculture, information technology, andindustries. The CPEC, a multi-billion-dollar project integral to China’sBelt and Road Initiative, has garnered the label of a “game changer” fromPakistani leaders.
Over the years, Pakistan has extended offers to other friendly nations,inviting them to partake in the project’s benefits. The first phase of CPECwitnessed extensive road construction and the establishment of variouseconomic zones across Pakistan.
Former Pakistani ambassador to China, Masood Khalid, shared insights intothe aspirations of Chinese investors who sought to establish industries inPakistan but encountered obstacles.
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He noted that the current climate is more accommodating, with facilitiesnow being extended to facilitate foreign investment. Khalid also emphasizedthe significance of “security” as a critical element contributing to thesuccess of CPEC, highlighting the comprehensive security measures in placefor CPEC projects.
Interim federal minister Jamal Shah underscored the government’s dedicationto economic progress, with a particular emphasis on the subject duringcabinet meetings. As Pakistan continues to position itself as an attractivedestination for foreign investors, the collaborative efforts between thegovernment and its foreign partners, particularly China, are expected toplay a pivotal role in the nation’s economic development and prosperity.
