Pakistan eases visa facility for Chinese investors

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DNA

ISLAMABAD, Dec. 15  – Pakistan has ordered to ease visa facility for Chinese investors to attract investment in the country, Gwadar Pro reported on Tuesday.

According to Interior Minister Sheikh Rashid Ahmed that directions in this regard had been issued.

“The directives have been issued to ease visa facility for the Chinese investors. This is aimed at attracting investment in the country,” Ahmed said.

The Interior Minister expressed the commitment to making efforts towards bringing improvement in law and order in the country to facilitate the investors.

Over the weekend, Faisalabad Industrial Estate Development and Management Company (FIEDMC) chairman Mian Kashif Ashfaq said more than 25 Chinese companies had signed accords to invest in Allama Iqbal Industrial City, Faisalabad alone.

Chairing a meeting, Mian Kashif said several Chinese and other foreign companies were in contact with the FIEDMC for investment in the city.

He said the Punjab provincial government had promised full cooperation to FIEDMC, which was playing due role in fulfilling the prime minister’s mission.

Separately, Federal Minister for Science and Technology Fawad Chaudhry said Pakistan had become an attractive market for the Chinese investors through China-Pakistan Economic Corridor (CPEC).

The minister said that CPEC projects had a great future and it would change the fate of the region along bringing economic prosperity. He said, “we welcome Chinese investors in Pakistan”.

The minister disclosed that his ministry has planned to uplift semi-conductor industry and bring value addition to Pakistan’s own products with the cooperation of Chinese friends.

The minister said Pakistan was also focusing on renewable energy which is the future for Pakistan’s power system.

He said in this regard, his ministry has approached the Chinese companies to shift their solar panel manufacturing units to Pakistan.