Industrial sectors in Punjab to be boosted after more Chinese investment in FIEDMC: Mian Kashif.


ISLAMABAD -- Various industrial sectors in Punjab will get boost as a number of new Chinese companies are showing great interest for investment in Faisalabad Industrial Estate Development and Management Company (FIEDMC) due to improving ranks of ease of doing business and special economic incentives given to investors.

FIEDMC Chairman Mian Kashif Ashfaq disclosed this while, after returning from China here Monday," says a press release issued here today.

He said Chinese investors welcomed Pakistan's improving ranks in business index of the World Bank and showed their interest to invest in various sectors including textile, auto industry, construction, furniture and chemical.

He said they briefed the Chinese investors about the initiatives being undertaken by the new government to expand the economy during their stay in China and highlighted the rapid development in Allama Iqbal Industrial City of FIEDMC offering business-friendly environment, provision of immense investment opportunities along with great incentives for the investors.

He emphasised that a number of Chinese companies are already working in FIEDMC.

'We welcome new players to join this huge market for developing collaborations in different areas as it will be a concrete step towards building partnership,' he added.

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