PM urges Chinese businessmen to seize investment opportunities in Pakistan

04 November, 2018, 20:05 | Author: Dave Hampton
  • Rising Kashmir

India has also been protesting the China-Pakistan Economic Corridor (CPEC) project, which is a slew of infrastructure projects that are now underway through Pakistan.

The statement said the two countries had decided to "make full use of the China-Pakistan Defence and Security Consultation mechanism, deepen cooperation in areas such as military exercises, training cooperation, personnel exchanges, and equipment and technology cooperation".

"The two sides will gradually bring the dimension of industrial cooperation to the CPEC and extend it to other parts of Pakistan", he said.

Late on Friday, Pakistan's information minister Fawad Chaudhry told reporters Khan would return to the country with "good news and a good package", according to Pakistan's Geo TV news channel.

Khan, whose party swept Pakistan's July elections, told Chinese President Xi Jinping the previous day that he had inherited "a very hard economic situation" at home.

Pakistan as a solvent country would repay its debts, he said.

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PM Imran Khan, who is on his first official visit to China after assuming charge as prime minister, led the Pakistani delegation which included Foreign Minister Shah Mehmood Qureshi and Finance Minister Asad Umar among others. The president said the revision of CPEC projects was an ongoing process, which makes necessary adjustments in projects undertaken jointly by Pakistan and China.

Pakistan has taken out billions of dollars in loans from China in recent years for infrastructure projects, the terms of which remain largely undisclosed.

The issue did not come up in opening remarks between Li and Khan.

Highlighting enormous market potential and geo-strategic advantage of Pakistan, Imran Khan assured maximum facilitation to the Chinese business companies for doing business in Pakistan.

"We are willing to learn from China's development experience, deepen pragmatic cooperation in various fields, and strengthen high-level visits and exchanges at all levels, so as to push the bilateral relations to a higher level", Khan said.

The entire gamut of Pak-China strategic relations would be discussed during the meeting. Guard of honor was presented to the prime minister.

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"On counter-terrorism, Beijing conveyed its "...support to Pakistan's commitment and efforts to counter terrorism, assured Pakistan of its support in implementing its counter-terrorism strategy, and commended the tremendous sacrifices made by the Pakistani nation in fight against terrorism and for Pakistan's vast contribution to regional and global peace and security through its achievements and successes".

He expressed satisfaction over the progress on the CPEC projects. "It is easy to catch low-level criminals but it is much more challenging to expose white-collar crime which actually devastates a country", he added.

President Xi said relations between China and Pakistan had already been growing and now these had touched new heights.

Earlier, President Xi warmly welcomed Prime Minister Khan and his delegation upon their arrival at the Great Hall of the People.

Imran Khan said Pakistan stood by China in safeguarding mutual interests, shared ideals and promoting multilateralism.

On the occasion, an official welcome ceremony was held in honor of the prime minister.

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