Asad Umar stresses win-win cooperation with China

Published December 2, 2021
In this file photo, Planning Minister Asad Umar addresses a ceremony to mark the arrival of first consignment carrying equipment and machinery for Century Steel at Karachi Port, for setting up of a steel mill in Rashakai Special Economic Zone. — APP
In this file photo, Planning Minister Asad Umar addresses a ceremony to mark the arrival of first consignment carrying equipment and machinery for Century Steel at Karachi Port, for setting up of a steel mill in Rashakai Special Economic Zone. — APP

ISLAMABAD: Pakistan wishes to have win-win cooperation with Chinese investors, federal Minister for Planning Development and Special Initiatives Asad Umar said on Wednesday during an online session organised by the China-Pakistan Economic Corridor (CPEC) Authority with China Chamber of Commerce for Import and Export of Textiles and leading textile companies and investors from the neighbouring country.

The minister emphasised that the session had been organised to apprise the Chinese investors of Pakistan’s comparative advantage in the textile sector.

He stressed that such meetings were aimed at giving investors an opportunity to develop a deeper understanding of investment opportunities in the textile sector.

Special Assistant to Prime Minister on CPEC Affairs Khalid Mansoor and some textile investors in Pakistan also attended. The Chinese embassy in Islamabad and Pakistan’s embassy in Beijing also joined the session.

Briefing the participants on the measures being taken by the government to facilitate investors, Mr Mansoor said the legal framework was being further improved to make it easier for investors to start and run their operations. He said the industrial cooperation segment of CPEC held great potential and significant work was under way to make full use of it.

A detailed presentation on Pakistan’s textile sector was given to Chinese entrepreneurs and investors wherein various aspects of the country’s comparative advantages were explained.

Published in Dawn, December 2nd, 2021

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...
Islamabad protest
Updated 20 Nov, 2024

Islamabad protest

As Nov 24 draws nearer, both the PTI and the Islamabad administration must remain wary and keep within the limits of reason and the law.
PIA uncertainty
20 Nov, 2024

PIA uncertainty

THE failed attempt to privatise the national flag carrier late last month has led to a fierce debate around the...
T20 disappointment
20 Nov, 2024

T20 disappointment

AFTER experiencing the historic high of the One-day International series triumph against Australia, Pakistan came...