FIEDMC will create new business opportunities for Chinese companies, Yao Jing.

LAHORE -- Chinese ambassador, Yao Jing, Friday said Special Economic Zones (SEZs) especially functioning under Faisalabad Industrial Estate Development and Management Company (FIEDMC)will create new business opportunities for Chinese companies in many economic sectors as they are planning to invest $5 billion in Pakistan in the next three to five years. Talking to FIEDMC Chairman Mian Kashif Ashfaq here today, Yao Jing appreciated the government's friendly business policies and pledged Chinese investment in various small and medium sized industrial sectors.

The Ambassador said Pakistan was a longstanding trade and strategic partner of China and "we have plans to invest more under Pakistan Economic Corridor (CPEC) and buy more from the Pakistan to make it economically stronger and independent country," adding he said "We look forward to speedy completion of the projects, included in the CPEC plan. We hope, with its full implementation, it will help create more jobs, provide better health and educational facilities."

He hoped Punjab would be hub of investment in future. He said that cooperation would also be extended for the development of human resource. He said that shifting manufacturing sector to Pakistan would be an important step. Welcoming the ambassador's remarks, FIEDMC Chairman Mian Kashif Ashfaq said it reflected the trust of the Chinese side in Pakistan's growing economy and a strong...