Chinese companies see bright investment prospects in Pakistan

BEIJING: Chinese companies are looking forward to bright investment prospects in Pakistan and eager to avail banks loans facility to undertake joint ventures for mutually beneficial cooperative partnership, said a senior official of Chinese ministry of commerce.

The state-run banks encourage companies to make Pakistan their investment destination, in line with the policy-guideline provided by the Central government, the official told a group of South Asian journalists.

There are a growing number of companies that have shown their intention to expand their business in Pakistan. They are mainly attracted by the Free-Economic Zones, being developed under the China-Pakistan Economic Corridor (CPEC), he added.

Meanwhile, Jiangxi Lattice Power Company (JLPC) has said that CPEC has opened various opportunities for Chinese companies to invest in Pakistan in different sectors and to introduce new technologies.

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The delegation of South Asian journalists paid a visit to the JLPC and learned about “silicon sub-street technology” prominent for developing the LED chips, LED street lights, flood lights, panel lights and tube lights.

A representative of the company told, that JLPC has a silicon substrate GaN-based LED materials technology to break the Japan-US monopoly, with original intellectual property rights.

It was told that the company will achieve an annual output of 24 billion LED chips.

They told that JLPC was in negotiations to invest in “silicon sub-street technology” in Pakistan, especially in Punjab province.

The company has held rounds of discussion with Punjab government aiming to transfer the mentioned technology there.

He told that Chinese government was also encouraging its enterprise to invest in Pakistan under Belt & Road Initiative (BRI).

Investment and business policies in Pakistan are also very favourable for international enterprise so Chinese companies are enjoying their work under CPEC, they added.

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