A leading Chinese conglomerate from the Fortune 500 list has signaled its intention to make substantial investments in Pakistan's key industrial sectors, marking a significant development for the country's economic landscape.
High-Level Meeting in Islamabad
Special Assistant to the Prime Minister (SAPM) Haroon Akhtar Khan held a pivotal meeting with representatives of the global Chinese giant, Xiamen C&D. The meeting, which took place on Wednesday, was also attended by Chairman of the Export Processing Zones Authority (EPZA), Freedoon Akram Sheikh.
During the discussions, the delegation from Xiamen C&D conveyed its strong interest in channeling large-scale investments into Pakistan. The company specifically highlighted its focus on the automobile, steel, and iron sectors, areas crucial for Pakistan's industrial growth and infrastructure development.
Profile of a Global Powerhouse
SAPM Haroon Akhtar Khan informed the meeting that Xiamen C&D is a globally renowned corporation with a formidable presence across multiple international domains. The company's expertise spans international supply chains, steel and minerals, automotive manufacturing, real estate, international trade, and logistics.
This diverse portfolio positions Xiamen C&D as a strategic partner capable of bringing advanced technology, management practices, and global market access to Pakistan's industrial base.
Government's Full Support Assured
In response to the company's expressed interest, Akhtar assured the Chinese investors of complete government facilitation and support. He emphasized that the current administration is committed to creating a conducive environment for foreign direct investment.
The SAPM pointed out that, under the prime minister's directives, the forthcoming National Industrial Policy is designed to further empower both industries and investors. He pledged that the government would work in close collaboration with Xiamen C&D to identify and advance concrete investment opportunities, ensuring a smooth and beneficial partnership.
This engagement underscores Pakistan's ongoing efforts to attract foreign capital and expertise into its core industrial sectors, aiming to boost production, create jobs, and enhance exports.
