Foreign direct investment: Sindh CM courts Chinese investors

Enormous potential for investment in the province

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has said that Sindh with huge natural resources offers Chinese investors all kind of opportunities for a win-win situation.

He expressed these views while speaking at a reception marking the 67th anniversary of the founding of Peoples Republic of China.

The reception was hosted by Chinese Consul General in Karachi Wang Yu and attended by Sindh Governor Dr Ishratul Ebad Khan, Sindh Assembly Speaker Agha Siraj Durrani, Adviser Saeed Ghani, members of the diplomatic corps, prominent politicians and businessmen of the city.

Murad Ali Shah said he sincerely hoped that Chinese investors would make use of the resources in Sindh and invest in green energy including wind and solar power, mineral and coastal development, other power plants and road construction.



Furthermore, he expected the investors to invest in and develop the Keti Bandar Port as its enormous potential lay dormant.

The chief minister said the solid foundation of Pakistan-China friendship was laid by PPP’s founding chairman and former prime minister Zulfikar Ali Bhutto. Later, Benazir Bhutto made continuous efforts to strengthen these ties.

The Sindh governor said Pakistan and China were not only good neighbours and good friends, but both sides always supported each other’s policies on international forums. In this regard, he said, Pakistan had always supported ‘One China’ policy.

Highlighting the importance of China-Pakistan Economic Corridor (CPEC), the governor said it was a game changer and not only Pakistan but also countries in the region and beyond would benefit enormously from it.

“Some countries do not like CPEC, however, it is our unwavering resolve that we will make CPEC a success,” he added.

The Chinese consul general said over decades China had gone through great transformation that brought enormous improvement.

It was the hard work of Chinese leadership and people that China was the second largest economy in the world and its GDP growth was over 6%, he said, adding it was possible only because of economic reforms introduced across the board.

Published in The Express Tribune, September 30^th, 2016.

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