LAHORE: (APP) Punjab Chief Minister Muhammad Shehbaz Sharif addressed Punjab-Qingdao Business Seminar in Qingdao, an important trade and industrial city of China. He announced provision of free of cost land to big Chinese investors on investment in Punjab.
Vice Mayor Qingdao Sun Lijie also spoke on the occasion.
In his address to the business seminar , Vice Mayor Qingdao warmly welcomed Chief Minister Shehbaz Sharif in the industrial and trade hub of China.
He said that the Punjab government had provided a very conducive atmosphere to Chinese investors and due to personal interest taken by the Chief Minister, Chinese investment was increasing in Punjab.
He said the Punjab government had taken splendid and impressive measures to facilitate Chinese investors , therefore, their number was rapidly increasing in the province.
Sun Lijie further said that visit of Chief Minister Shehbaz Sharif would greatly help promoting cooperation between Shandong province and Punjab.
The Chief Minister while addressing Punjab-Qingdao Business seminar announced provision of free of cost land to big Chinese investors on investment in Punjab and said that provincial government highly valued Chinese investors . He said that Chinese experts and investors working in Pakistan considered it their second home.
He said that Chinese industrialists would be provided best facilities in the programme of shifting of industries with technology to Pakistan. A large number of Chinese industrialists, investors, businessmen and senior officials of government departments attended the seminar.
Chairman Planning & Development Jehanzeb Khan and Secretary Industries Khalid Sherdil gave briefings to the participants of the seminar on the facilities being provided by provincial government to investors and industrialists.
Meanwhile, Chief Minister Shehbaz Sharif while talking to a delegation of Chinese investors and industrialists in Qingdao said that China-Pakistan Economic Corridor had ushered in new era of friendship between the two countries and this cooperation would leave a positive impact on the entire region. He said the CPEC would play an important role in eliminating terrorism , extremism and poverty from the region and Chinese investment would generate a large number of job opportunities for Pakistani people.
The Chief Minister said the CPEC reflected full confidence of Chinese government, President Xi Jinping, Prime Minister Li Keqiang and Chinese leadership in Prime Minister Muhammad Nawaz Sharif and the world was amazed at the pace of work on energy projects.
He said speed, standard and transparency were the hallmark of these projects.
Shehbaz Sharif also visited leading industrial organizations Haier and Hisense Group in Qingdao and inspected there various sections. He was also given a detailed briefing on the production capacity and items produced by these industries.
Talking to senior officials of industrial units, the Chief Minister said that allocation of resources by Chinese industrial organizations for public welfare was commendable and he was pleased to know that Chinese industrialists were providing resources for low-income groups of people. He said that this spirit of Chinese industrialists was highly appreciable.
He said that provision of resources to the deprived segments was praise worthy and Pakistani industrialists and investors should also come forward in this regard as service to others was the real purpose of creation of man.
He expressed hope that Pakistani industrialists and investors would play their due role in the service to humanity. The Chief Minister also met Secretary Communist Party of China Qingdao, Li Qun.
During the meeting, agreements and memorandums of understanding were signed between Punjab and Qingdao.
A joint working group will also be set up to explore possibilities of promotion of cooperation between Punjab and Qingdao in different sectors. Memorandums of understanding were also signed between Punjab Investment Board, Industries Department Punjab and Qingdao. Investors of Punjab and Qingdao also signed agreements and MoUs under which cooperation will be promoted in the setting up of economic zones, textile sector, transport, industrial estates, infrastructure, e-commerce, technical and vocational training and other sectors.
Speaking on the occasion, Shehbaz Sharif said that the progress made by China was a result of sagacity of Communist Party of China, ability of leadership and hard work of people and it was worth emulating for developing countries of the world. He also paid tributes to the role of Communist Party of China and party leaders in furthering CPEC projects in Pakistan.
Secretary Communist Party of China Qingdao also hosted a dinner in honour of Chief Minister Shehbaz Sharif and his delegation.
Minister and a leader of Communist Party of China Zheng Xiaosong, senior office-bearers, Vice Mayor Qingdao Sun Lijie, Director General Foreign Affairs Qingdao, senior officials, members of Pakistani delegation and a large number of Chinese and Pakistani businessmen were also present.
It may be mentioned that a total of 45 agreements and MoUs were signed during the visit of the chief minister out of which 20 are agreements and 25 are MoUs.