Pakistan to seek Chinese investment

[LRE]

Pakistan to seek Chinese investment

ISLAMABAD: Pakistan would request China to undertake important projects in the field of energy, infrastructure, coal reserves development and export oriented industries, official sources told Daily Times on Saturday. Asif Ali Zardari would place this request before the Chinese leadership during his expected first official visit to China, after being elected as President of Pakistan with an overwhelming majority across the country, the official sources added. In an inter-ministerial meeting chaired by M Salman Faruqui, Deputy Chairman Planning Commission, issues of Chinese companies working on various development projects in Pakistan were discussed with the relevant ministries at the Planning Commission. Planning Commission, in this regard has directed the federal ministries and divisions to forward proposals relating to the new projects which could be initiated by the Chinese investors and on priority basis for the benefit of both sides. Some of the important projects from federal Public Sector Development Programme would also be offered to Chinese investors and take advantage of the benefits that are available to the foreign investors in Pakistan. sajid chaudhry

http://www.dailytimes.com.pk/default.asp...2008_pg5_9