Prime Minister Shehbaz Sharif has extended an invitation to Chinese firm MCC Tongsin Resources to invest in Pakistan’s mining sector, assuring them of maximum facilitation. The meeting took place in Islamabad, where Chairman Wang Jaichen led the delegation from MCC Tongsin Resources, a research and investment company under the China Metallurgical Group Corporation (MCC Group).
During the meeting, Prime Minister Sharif emphasized his government’s commitment to providing comprehensive support to companies engaged in mineral extraction and export from Pakistan. He highlighted the priority placed on increasing foreign investment and boosting exports.
The Chinese delegation expressed keen interest in expanding their investment in Pakistan’s mining and mineral sector. They briefed the Prime Minister on plans for constructing a mineral park in Pakistan and outlined their future investment intentions.
This development occurs within the context of heightened bilateral engagements between Pakistan and China, aimed at enhancing foreign investment. Deputy Prime Minister Ishaq Dar’s ongoing visit to China further underscores Pakistan’s efforts to strengthen ties and reassure Beijing regarding the security of Chinese nationals working in Pakistan.
China has been a steadfast partner for Pakistan, providing vital financial assistance and investments, including through initiatives like the China-Pakistan Economic Corridor (CPEC). This visit aligns with Pakistan’s broader strategy to attract foreign investment and address its macroeconomic challenges effectively.
