Chinese investors are likely to invest up to 30 billion dollars in Pakistan.
Under SIFC, the delegation of China Asia Economic Development Association has held detailed discussions with the Ministry of Energy on the issues of refined petroleum products and solar power grid connection.
According to the report of Moqar National Newspaper, the Chinese delegation also discussed medical policies and investment in pharmaceuticals with the Ministry of Health on the platform of SIFC.
This initiative will improve the trade and economic relations between China and Pakistan as well as pave the way for development in various sectors. will invest.
The initial phase of this investment is estimated at 8 to 13 billion dollars, while the total investment is expected to be around 30 billion dollars. In the trade committee, several influential Chinese business members are excited to invest in the “free trade zone”, including Imports and exports will be exempt from tariffs and taxes.
The purpose of the free trade zone is to cater to the global market and local Pakistani needs, including plans to set up a duty-free shopping mall for Pakistani citizens to provide international goods.
Apart from this, China Asia Economic Development Association in Karachi has also sent 20 fishing boats to Pakistan with an investment of 500 million dollars.
