Chinese investors urged to cash in on Pakistan's 'business-friendly policies.

Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar, while talking to a Chinese business delegation in Islamabad on Thursday, said that the incumbent government was focusing on the promotion of export-led industry and import substitution for sustained economic growth. The Chinese delegation comprised of chief executives and general managers of various organisations belonging to the western Chinese city of Chongqing, a leading city in automotive and several other hi-tech industries. Bakhtiar stated that China could help increase Pakistan's exports by relocating its industries and initiating joint ventures in various fields. 'This will boost industrial cooperation and will strengthen the bilateral economic partnership between the two countries,' he added. The minister underlined that Pakistan was offering liberal investment policies so as to attract foreign investment in different areas. He urged foreign investors to tap the potential of local export-oriented industries through joint ventures.

The minister stressed that the private sector of both countries should forge partnerships for mutual economic benefit, adding that there were investment opportunities in various sectors such as maritime, iron and steel, petrochemical, agro-based industries, tourism...