Adviser to Prime Minister on Commerce Abdul Razak Dawood has said that the Ministry of Commerce has intensified its efforts and is appointing honorary investment counsellors to bring Chinese investment to Pakistan.
Speaking at a conference organised by the Pakistan-China Institute, the adviser said that the commerce ministry was appointing honorary investment counsellors in different Chinese cities to encourage investors to pour investment into Pakistan.
“We have organised several video conferences with Chinese investors and parties in different cities and I am pleased to say that now we have eight honorary investment counsellors who know Pakistan well,” he added. “They (will) help to build a relationship between people.”
He revealed that one of the eight counsellors informed the commerce ministry that he had 20 investors ready to make investment in Pakistan in diverse fields. “More Chinese investors will visit Pakistan to explore existing opportunities in different sectors of the economy,” he added.
Dawood highlighted that the issuance of work visas had increased by about 42%, adding that more people would come for investment in the days to come, which would enhance bilateral trade and investment relations between the two countries.
The adviser said that the number of medium-sized companies coming to Pakistan had already increased.
He pointed out that 40 potential investors had expressed their intention to invest in the areas of construction, production, manufacturing, chemicals, textile and tiles, adding “it is just the beginning and we are going for the diversification of local products to enhance exports.”
Published in The Express Tribune, July 8th, 2021.