ISLAMABAD: Prime Minister Shehbaz Sharif on Monday assured the Chinese investors to further simplify the procedures for the companies working in Pakistan, especially under the umbrella of China Pakistan Economic Corridor (CPEC), and implement them in letter and spirit.
He said under the CPEC, the two countries were entering into a new era of cooperation, therefore the government was further streamlining and simplifying the procedures to facilitate the Chinese companies and investors working in the country.
PM Shehbaz assured the Chinese investors that the difficult time for them was now over, saying, “We are going to do this under one umbrella as a one window operation and this I mean in letter and spirit…not just words but true implementation”.
Addressing an award ceremony here, Shehbaz Sharif said that the Chinese government and companies had contributed towards Pakistan’s industrial promotion in various areas and their contribution had not only led to creating job opportunities and industrial production but also further strengthened the bilateral economic ties.
Prime Minister Muhammad Shehbaz Sharif conferred awards upon the prominent Chinese companies for their valuable services in fostering China Pakistan Economic Corridor and other development projects in Pakistan.
The Prime Minister said Chinese investment changed the entire economic landscape of Pakistan. He said the Chinese companies made more than thirty billion dollars investment in different development projects in Pakistan, which is highly commendable.
He said it is a moment of great pleasure for him to meet Chinese companies’ representatives, who contributed immensely towards Pakistan’s industrial promotion in various walks of life.
The Prime Minister said the cooperation extended by the Chinese companies not only led to providing job opportunities to and industrial production, but also further strengthened brotherly economic ties with China.
He said the Chinese companies, under the leadership of President Xi Jinping, transformed our economic landscape.
The Prime Minister said we are entering the second phase of CPEC, with focus on which green corridor, innovation, IT corridor, agriculture and Special Economic Zones. He also lauded the Chinese companies role and their hard work in the development of Pakistan.
The Prime Minister said the government of Pakistan recently launched a great initiative of establishing SIFC, under the leadership of Chief of Army Staff General Syed Asim Munir for the cause of Pakistan. He said SIFC will safeguard the entire CPEC mechanism and will be a propeller of Pakistan’s industrial-agri progress.
Shehbaz Sharif also expressed his gratitude to Chinese Charge d’ Affaires for her personal commitment not only for CPEC, but for China Pakistan friendship.
In her speech, Chinese Charge d’ Affaires in Pakistan, Ms Pang Chunxue said we are fully convinced that after ten years’ successful cooperation of CPEC, China and Pakistan will continue to move forward side by side to meet risks and challenges, jointly promote the high quality development of CPEC and China Pakistan community with a shared future.
Chinese company selects Pakistani partner for red chilli export
Litong Food, a Chinese company, chose Guard Agricultural Research and Services, Pakistan as its partner under China-Pakistan Economic Corridor (CPEC) for the export of red chilli cultivated in Pakistan with Chinese collaboration on a buyback policy.
This decision follows the signing of a memorandum of understanding on the protocol of phytosanitary during a visit by Chinese Vice Premier He Lifeng to Islamabad, said Chief Executive Officer (CEO) of Guard Agricultural Research and Services Shahzad Ali Malik.
The collaboration aims to encourage the cultivation of high-yielding hybrid chillies in the regions of south Punjab and interior Sindh, Gwadar Pro reported on Monday.
The two companies will sign a deal for technical collaboration on hybrid chilli and the subsequent export to China during an upcoming international food and agriculture expo in Karachi from August 10-12, where Guard, Longping, and Litong Food will be exhibiting.
Peppara Seeds China will provide the hybrid chilli seed, along with technical support for commercial cultivation, and the buyback of dried chilli for export to China will be conducted by Litong Food.
This agricultural collaboration between Pakistan and China holds significant benefits for both countries, as hybrid chilli offers higher yields compared to traditional varieties.
“After successfully promoting the sowing of hybrid rice in Pakistan which brought prosperity to the farmers and enhanced the crop size, we will join hands with another Chinese food giant Litong Food to encourage the cultivation of high-yielding hybrid chillies in Pakistan in the areas of south Punjab and interior Sindh,” Malik added.