Mian-Muhammad

Shahbaz offers free land to Chinese investors

LAHORE: Punjab Chief Minister Shahbaz Sharif on Thursday announced provision of free of cost land to big Chinese investors on investment in Punjab saying that provincial government highly values Chinese investors.
Addressing ‘Punjab-Qingdao Business Seminar’ in Qingdao, an important trade and industrial city of China, he said that Chinese experts and investors working in Pakistan consider it their second home. He said that Chinese industrialists will be provided best facilities in the programme of shifting of industries with technology to Pakistan, says a report received from Qingdao.
A large number of Chinese industrialists, investors, businessmen and senior officials of government departments attended the seminar.
Chairman Planning and Development Jehanzeb Khan and Secretary Industries Khalid Sherdil gave briefing to the participants of the seminar on the facilities being provided by provincial government to investors and industrialists.
Meanwhile, Chief Minister Shahbaz Sharif, talking to a delegation of Chinese investors and industrialists in Qingdao, said that China-Pakistan Economic Corridor has ushered in new era of friendship between the two countries and this cooperation will leave a positive impact on the entire region. He said that CPEC will play an important role in eliminating terrorism, extremism and poverty from the region and Chinese investment will generate a large number of job opportunities for the Pakistani people.
The Chief Minister said that speed, standard and transparency are the hallmark of these projects. Shehbaz Sharif also visited leading industrial organizations Haier and Hisense Group in Qingdao and inspected there various sections.
Talking to senior officials of industrial units, the Chief Minister said that allocation of resources by Chinese industrial organizations for public welfare is commendable and he was pleased to know that Chinese industrialists are providing resources for low-income groups of people. He said that this spirit of Chinese industrialists is highly appreciable. He said that provision of resources to the deprived segments is praiseworthy and Pakistani industrialists and investors should also come forward in this regard as service to others is the real purpose of creation of man.
Vice Mayor Qingdao Sun Lijie also spoke on the occasion. In his address to the business seminar, Vice Mayor Qingdao warmly welcomed Chief Minister Shahbaz Sharif in the industrial and trade hub of China. He said that Punjab government has provided a very conducive atmosphere to Chinese investors and due to personal interest taken by the Chief Minister Chinese investment is increasing in Punjab.
He said that Punjab government has taken splendid and impressive measures for facilitating Chinese investors, therefore, their number is rapidly increasing in the province. Sun Lijie further said that visit of Chief Minister Shahbaz Sharif will greatly help in promoting cooperation between Shandong province and Punjab.
The Chief Minister also met Secretary Communist Party of China Qingdao, Li Qun. During the meeting, agreements and memorandums of understanding were signed between Punjab and Qingdao. A joint working group will also be set up to explore possibilities of promotion of cooperation between Punjab and Qingdao in different sectors.
Memorandums of understanding were also signed between Punjab Investment Board, Industries Department Punjab and Qingdao. Investors of Punjab and Qingdao also signed agreements and MoUs under which cooperation will be promoted in the setting up of economic zones, textile sector, transport, industrial estates, infrastructure, e-commerce, technical and vocational training and other sectors.
Speaking on the occasion, Shahbaz Sharif said that the progress made by China is a result of sagacity of Communist Party of China, ability of leadership and hard work of people and it is worth emulating for developing countries of the world. He also paid tributes to the role of Communist Party of China and party leaders in furthering CPEC projects in Pakistan. It may be mentioned here that a total of 45 agreements and MoUs were signed during the visit of Chief Minister out of which 20 are agreements and 25 are MoUs. Staff Report