Zardari urges Chinese entrepreneurs to invest in Pak

Last Updated: Sunday, August 23, 2009 - 09:03

Hangzhou: Visiting Pakistani President Asif Ali Zardari has urged Chinese entrepreneurs to set up business ventures in that country in a bid to boost foreign investment.
Zardari made the call during his visit to Hangzhou, capital of China`s Zhejiang Province, on Saturday.

With the gradual recovery of its economy, Pakistan is making efforts to explore new international markets and remove barriers for investment and trade so as to attract more foreign investment, Zardari told reporters in Hangzhou.

Zhejiang is one of the Chinese provinces that enjoy close exchanges with Pakistan. Forty-three Pakistani companies have set up their businesses in Zhejiang, said Zardari.

The Pakistani leader said his country would introduce favourable investment policies for Chinese businessmen in the country.

Pakistani officials said Chinese investments are needed in the country`s agriculture, hydropower and energy sectors. The infrastructure alone will require an initial investment of USD 110 billion.

They said Chinese fruit preservers can also play a crucial role in Pakistan as about 40 percent of the fruits cannot be transported due to the lack of freezing vehicles.

Zardari was paying his fourth visit to China since taking office last September.

IANS



First Published: Sunday, August 23, 2009 - 09:03

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