Chinese companies locating businesses in Pakistan: Razak
ISLAMABAD: Adviser to Prime Minister on Commerce, Investment, Industries and Textile, Abdul Razak Dawood on Friday said that Chinese companies have started locating business centers in different parts of the country.
Talking to private news channel, he said the Chinese companies started construction work in Lahore and Faisalabad to explore business in textile sectors.
Abdul Razak Dawood said a policy for textile was being formulated and it was in the refining stage. He said Pakistan textile sector had registered an increase of 37 percent, particularly in the garments sector.
On Oct 8, addressing a gathering of big Chinese investors, industrialists and businessmen in Beijing, Prime Minister Imran Khan had said it was the time to come to Pakistan for investment.
“There are five reasons to invest in Pakistan. Pakistan is one of the most strategic located places in the world. We have a population of 220 million people. Unlike China, 60 percent of Pakistanis are below the age of 30, which makes it one of the youngest populations. We have started economic revival reforms as well,” he had said on this occasion.
He had said Pakistan had made the biggest stride in creating ease of business. “In the world we are number eight in making the biggest advances in creating ease of doing business.”
“Pakistan is the most untapped tourist potential place in the world.” He had said Pakistan was one of the most sought after places for religious tourism as well.
On Oct 24, a delegation of the US investors had announced to invest one-hundred million dollars in the tourism sector of Pakistan.
The announcement was made during a meeting between the US delegation and Minister for Kashmir Affairs and Gilgit-Baltistan Ali Amin Khan Gandapur in Islamabad.