• Download the Constitution of Pakistan
  • Advertise
WRITE FOR US
Economy.pk
No Result
View All Result
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
No Result
View All Result
Economy.pk
No Result
View All Result
Home Business

14 Chinese investors to visit Gwadar to assess investment potential

by Suneela Zulfiqar
May 14, 2022
in Business, Economy
Reading Time: 2 mins read
Enhancing trade, and investment with Russia is Pakistan’s top priority
Share on FacebookShare on Twitter

BEIJING: As many as 14 Chinese investors will visit Gwadar and Balochistan next week to explore investment opportunities, according to Zhang Baozhong, Chairman of China Overseas Ports Holding Company (COPHC).

“We welcomed more than 17 ambassadors from the United States, Canada, and European Union nations last year,” he said during a briefing.

“Once the plan is fulfilled, job possibilities may be supplied to the people in addition to the induction of business activities,” he added, adding that Chinese investors have shown strong intent to spend $5 million in Gwadar to build an oil refinery. Other industries, such as lubricants and agriculture, are also being considered, according to him.

According to China Economic Net (CEN), during Zhang’s visit to China, he addressed meat export from Pakistan to the Chinese market, which the government is prepared to explore.

“We invested $15 million to acquire five new cranes to replace old ones to repair infrastructure at the port,” he said of the port’s expansion.

The offloading of an LPG vessel today and the arrival of a container vessel in a day are examples of increased port activities. These indicators point to positive news in the future. However, there is still work to be done.”

In response to a question, he stated that they have invested more than $300 million in the Gwadar Port and Free Zone thus far, and those important megaprojects such as the New International Airport, East Bay Expressway, Pakistan China Vocational Training Institute, China-Pakistan Friendship Hospital, and 1.2-MGD plant are among the grants from the Chinese people for the local brothers of Gwadar.

He stated that the government intends to start the 300MW power plant project. However, it has yet to happen. “I’m hoping the power failure gets resolved soon.”

Tags: Chairman of China Overseas Ports Holding CompanyChina Economic NetChinese investorslatest
Suneela Zulfiqar

Suneela Zulfiqar

Related Posts

Ishaq Dar vows to steer country out of existing hardships

FM Ishaq Dar vows to steer country out of existing hardships

Finance Minister Ishaq Dar vowed on Saturday to help steer the country out of its current predicament. While speaking to...

PIA announces to restore Karachi-Skardu flights

PIA announces to restore Karachi-Skardu flights

This move comes as part of the airline’s initiative to promote tourism in Pakistan. Initially, the Pakistan International Airline (PIA)...

Is Pakistan launching digital currency?

Is Pakistan launching digital currency?

After excellent development in digital banking, the State Bank of Pakistan (SBP) plans to establish a digital currency in the...

Pakistan to Kick off Barter Trade with Iran, Russia and Afghanistan

Pakistan to Kick off Barter Trade with Iran, Russia and Afghanistan

The federal government has recently introduced a 'Business-to-Business (B2B) Barter Trade Mechanism' for trade with Iran, Afghanistan, and Russia. This...

Intra-day update: rupee remains stable against US dollar

Intra-day update: rupee remains stable against US dollar

The Pakistani rupee remained slowly unchanged against the US dollar on Friday, falling approximately 0.06% during interbank trading. Around 12...

CDWP Approves 10 Projects Worth Rs114.5 Billion

CDWP Approves 10 Projects Worth Rs114.5 Billion

The Central Development Working Party (CDWP), chaired by Federal Minister for Planning, Development & Special Initiatives Ahsan Iqbal, convened to...

Next Post
Pakistan to launch 3rd Babur class guided missile heavy corvette this month

Pakistan to launch 3rd Babur class guided missile heavy corvette this month

Recent Posts

  • FM Ishaq Dar vows to steer country out of existing hardships
  • More than 300 dead, hundreds hurt in India horror rail crash
  • PIA announces to restore Karachi-Skardu flights
  • PM Shehbaz Sharif lands in Ankara to attend Erdogan’s inauguration
  • T20 Blast: Shaheen Afridi hits four sixes, scores 29 off 11 balls

Advertisement

Twitter

Economy.pk

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Categories

  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos

Privacy & Legal

  • Privacy Policy
  • Cookies

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • About
  • Advertise
  • Contact

© 2023 Economy.pk

No Result
View All Result
  • VIDEOS
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2023 Economy.pk