Zardari woos China’s business houses

September 1st, 2011 - 1:16 pm ICT by IANS  

Islamabad, Sep 1 (IANS) President Asif Ali Zardari has invited China’s industrial giants and large business groups to enjoy the benefits of Pakistan’s investment-friendly and incentives-driven policies by investing in diverse fields.

Zardari, who is visiting China, Wednesday said Pakistan is a growing economy with around 180 million people.

Its huge untapped natural resources coupled with the government’s pro-investment policies and incentives such as no restriction on equity or repatriation of capital gains was an attractive place for foreign investors, Associated Press of Pakistan quoted Zardari as saying.

The president said enhanced investment by Chinese industrial and corporate sector companies and groups in different fields and projects in Pakistan including electricity generation, oil and gas exploration, coal mining, infrastructure, communication, telecom, agriculture and dairy development etc. would be welcome.

The Pakistan president was talking to the heads and Chief Executive Officers (CEOs) of China’s major industrial and corporate sector companies, groups and consortiums, who called on him in Urumqi on the sidelines of the first China-Eurasia Expo.

President’s spokesperson Farhatullah Babar said over a dozen top executives of China’s industrial and corporate sector met Zardari.

The president spoke of Islamabad’s “Policy for Development of Renewable Energy for Power Generation” that offers very attractive incentives.

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