Connect with us

Hi, what are you looking for?

International

PM Shehbaz Sharif Invites Chinese Firms to Invest in Pakistan’s Textile Sector

ISLAMABAD: Prime Minister Shehbaz Sharif extended an invitation to Chinese firms, particularly those in the textile sector, to establish plants in Pakistan, pledging full support and facilitation from the government. Chairing a high-level review meeting on enhancing cooperation between Pakistan and China across various sectors, the Prime Minister emphasized China’s vital role in Pakistan’s economic development.

During the meeting, attended by Federal Planning Minister Ahsan Iqbal, Finance Minister Muhammad Aurangzeb, and other senior officials, Prime Minister Shehbaz highlighted the intention to strengthen bilateral cooperation in agriculture, information technology (IT), textile, and energy sectors, with a focus on boosting exports to China.

He stressed the importance of the second phase of the China-Pakistan Economic Corridor (CPEC), emphasizing the transformation of Gwadar port into a logistics hub through Chinese collaboration and the establishment of Agriculture Demonstration Zones under CPEC’s next phase.

Recognizing China’s potential to assist Pakistan in enhancing exports, the Prime Minister directed relevant ministries to develop new projects to promote Pakistan-China cooperation and foster business-to-business ties. This meeting precedes Prime Minister Shehbaz’s upcoming visit to China in response to President Xi Jinping’s invitation.

Addressing concerns about the safety of Chinese nationals in Pakistan, Prime Minister Shehbaz assured foolproof security measures and outlined a comprehensive security plan already in place. This assurance follows Beijing’s reaffirmation of commitment to collaborate with Pakistani authorities to strengthen security cooperation and ensure the safety of Chinese personnel, particularly in light of the recent Dasu attack.

Interior Minister Mohsin Naqvi, in a joint press conference with National Counter-Terrorism Authority (Necta) officials, called on Afghanistan to apprehend the militants responsible for the Dasu attack, where six individuals, including five Chinese nationals, lost their lives. Necta head Tahir Rai disclosed that the explosive-laden vehicle involved in the attack entered Pakistan via Afghanistan and revealed that 11 suspects had been arrested in connection with the incident.

In response to the attack, the federal cabinet approved the disbursement of $2.58 million as compensation to the families of the Chinese nationals killed in the Dasu attack. The government’s swift action underscores its commitment to safeguarding Chinese citizens and maintaining strong Pakistan-China relations amidst security challenges.

Written By

I am an accomplished graduate of Strategic Studies, driven by a fervent dedication to comprehending global affairs and devising impactful strategies. Equipped with a comprehensive skill set encompassing research, critical thinking, and persuasive communication, I possess a distinctive viewpoint and an unwavering commitment to fostering inclusive decision-making processes. As a versatile individual, I excel in collaborating with diverse groups in various settings, leveraging my strong interpersonal abilities to adapt seamlessly to new environments and surmount any challenges that arise. With a passion for contributing to strategic initiatives, I am eager to leverage my expertise and drive to effect positive change within the field.

Breaking News

Advance Salaries The Punjab government has announced that public sector employees will receive their salaries in advance ahead of Eid ul-Adha 2024. This decision,...

Entertainment

ISLAMABAD: Self-proclaimed singer Chahat Fateh Ali Khan’s viral song ‘Bado Badi’ has been removed from YouTube after amassing over 28 million views. The song...

Sports

"I believe I'm the first in my family to have a love marriage," he said. "At that time, I was confident that whatever I...

Breaking News

ISLAMABAD: The Russian Embassy in Islamabad announced that it is “closely following” developments in Pakistan, including political events and court decisions. “However, we believe...