ISLAMABAD, SEPT 13 (DNA) – Ambassador of the People’s Republic of China to Pakistan, Yao Jing has said both China and Pakistan enjoy time tested friendship and it has been strengthening day by day.
He said that there was a need to enhance the manufacturing capacity of Pakistan and many Chinese companies were willing to come to Pakistan.
Under the CPEC the focus of cooperation between China and Pakistan is mainly in Power, Transportation and Industry sectors.
Assistance has also been being extended to the social sector of Pakistan mainly in the field of Education and Healthcare, he added.
The Chinese ambassador expressed these views during his visit to Saif Group of companies offices on Friday.
While welcoming the Ambassador, Salim Saifullah Khan appreciated his efforts to promote Pakistan China relations in the Business Sector.
He briefed him about various projects of the Saif Group in Textile, Cement, Telecommunication, Real Estate, and Energy Sectors of Pakistan and informed that Saifullah Family has been in business for the last around 100 Years.
He said that Saif Group was the first one that imported the cement plant from China for its Lucky Cement joint venture project back in nineties. It is located in their native town, Lakki Marwat.
He informed that another cement plant with a cost of about US$ 173 Million is at advanced planning stage. We will welcome if any Chinese company joins hands in this project as our first preference has always been China, he added.
Chief Executive Officer of the Real Estate Project, “Eighteen” Tarek Hamdy, briefed the Ambassador about the salient features of this around US$ 2 Billion project and sought Chinese collaboration for this state of the art project that has been envisioned to provide all the modern day living facilities to the residents of this Residential and Commercial hub, very close to the Federal Capital, Islamabad.=DNA