Sunday , December 6 2020
Breaking News
Home / Islamabad / Dar lauds PCICL role in promoting Chinese investment
Dar lauds PCICL role in promoting Chinese investment

Dar lauds PCICL role in promoting Chinese investment

ISLAMABAD: Finance Minister Ishaq Dar appreciated the Pak-China Investment Company Limited (PCICL) role in the promotion of close cooperation between China Development Bank (CDB) and Pakistani government and working as an advisory on privatization and foreign direct investment in Pakistan.

Presiding over a PCICL meeting, the finance minister said that the PCICL wanted to promote government’s public private partnership initiatives with a focus on infrastructure development and development of Special Economic Zones. On the occasion, PCICL MD Cao Wenjian informed the Finance Minister that the company was looking forward to invest in commercially viable projects especially all infrastructure related projects (including rail and road network), agriculture/chemical/engineering sectors, renewable energy (solar, wind, hydro etc) and oil and gas development sectors.

He said that the PCICL had one of its core strategies to invest in the power sector to assist the incumbent government struggle to resolve the prevailing energy crisis.

Wenjian maintained that the PCICL was focusing on promoting Chinese investment and trade between the two countries.

The Finance Minister welcomed the proposed visit of the CDB Vice Governor and said that the leadership of China and Pakistan wanted to take their existing relationship to a new height in future.