ISLAMABAD: China will invest over $1 billion in the information technology sector in Pakistan following the Memorandum of Understanding signed by President Asif Ali Zardari during his visit to China last year.
To discuss the modalities for the investment, the Ambassador of China in Islamabad Lou Zhaohui met with the Adviser to the Prime Minister on Information Technology Latif Khosa on Wednesday. China would invest in three sub-sectors of information technology for re-strengthening the sector, Khosa said. He assured the envoy that all bureaucratic bottlenecks in the way of implementing the projects would be overcome.
He said that the government is making all-out efforts to give impetus to the technology sector with the ultimate aim to create more job opportunities for talented youth. Khosa praised the Chinese ambassador for taking keen interest in further strengthening existing bonds between Pakistan and China. The ambassador also discussed arrangements for the upcoming visit of the vice prime minister and the minister for information technology of China to Pakistan in the coming weeks.
Published in the Express Tribune, May 27th, 2010.