Islamabad: Pakistan's Finance Minister, Muhammad Aurangzeb, emphasized the critical role of Chinese investment in Pakistan's economic stability during an interview with Chinese media. He expressed Pakistan’s desire for greater collaboration in the next phase of the China-Pakistan Economic Corridor (CPEC).
The upcoming phase of CPEC will focus on expanding Special Economic Zones (SEZs), agriculture, and the IT sector, with an aim to boost export-oriented industries. This strategic focus is expected to ease debt repayment and foster economic growth.
The finance minister assured that Pakistan is committed to enhancing security measures to ensure the safety of Chinese companies and workers operating in the country. He extended an invitation to China's private sector and export-oriented industries to invest in Pakistan, highlighting opportunities to utilize Pakistan as a regional export hub by relocating manufacturing units.
“Large Chinese companies can shift their export units to Pakistan, leveraging its strategic location to serve global markets,” he stated.
He further noted that Pakistan’s security and political landscape is improving, with international conferences and delegations signaling growing confidence in the country’s investment climate. Providing protection and facilitating foreign companies and investments remains a top priority for the Pakistani government.
This strengthened partnership is expected to drive mutual economic benefits and solidify the longstanding friendship between the two nations.
