ISLAMABAD, July 23 (APP): Prime Minister Muhammad Shehbaz Sharif on Tuesday while welcoming the Chinese investment in Pakistan said that during his recent visit to China, a number of significant bilateral business to business agreements between the companies of two countries, was a good sign in this regard.
The prime minister was talking to a delegation of Hengeng Trading Company led by Chairman Zhang Bin. The meeting was attended by Minister for Economic Affairs Ahad Khan Cheema, Minister for National Food Security and Research Rana Tanvir Hussain, Minister of State for Finance Ali Pervaiz Malik and other relevant senior officials, PM Office Media Wing said in a press release.
The prime minister said that Pakistan wanted to seek benefits from the Chinese experience in agriculture sector and directed Gwadar Port Authority for provision of all possible facilities to the Chinese companies.
He also asked for ensuring uninterrupted supply of utilities at Gwadar Free Zone.
The prime minister was briefed that Hengeng Trading Company was investing in agriculture, livestock, medicines and other sectors of Pakistan.
The company was also constructing a slaughter house with all the latest facilities at Gwadar, at a cost of $50 million. Its completion could generate $30 million annual exports from Pakistan’s livestock sector while it would provide 1,000 new jobs opportunities to the local populace.
The company was also exporting pharmaceutical products to China after processing them at Gwadar Free Zone, it was further added.
