Chinese, Russian companies keen to revive Pakistan Steel Mills, PM told

PM directs officials to follow investment models of regional counties

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ISLAMABAD: Prime Minister Imran Khan was informed on Tuesday that Chinese and Russian companies were taking a keen interest in the restoration of Pakistan Steel Mills.

The PM was presiding over a high-level meeting on investment in the industrial sector.

The meeting was briefed that the special economic zones in Pakistan hold great potential to attract investments, particularly from Chinese companies. It was also apprised that China has shown interest in various Pakistani products, imports of which would significantly improve the balance of trade between the two countries.

Speaking on the occasion, PM Imran said that the government would provide all possible facilities to investors so as to ensure ‘ease of doing business’ in the country.

He directed the officials concerned to provide basic utilities like electricity, gas and road access to the special economic zones on a priority basis. “There should be no hurdle or problem for investors in these economic zones.”

PM Imran further directed the authorities to follow the investment models of the regional counties.

The meeting was attended by Economic Affairs Minister Muhammad Hammad Azhar, Planning Minister Makhdoom Khusro Bakhtiar, Power Minister Omar Ayub Khan, Adviser to PM on Commerce Abdul Razak Dawood, Special Assistant to PM on Information Dr Firdous Ashiq Awan, Board of Investment Chairman Syed Zubair Haider Gilani as well as federal secretaries of finance, foreign affairs and planning divisions.

Earlier on Sept 11, PM Imran Khan had ordered the completion of SEZs at the earliest.

He had maintained that the SEZs would create business opportunities and help boost economic activities in the country.

CPEC ON PRIORITY LIST

Meanwhile, PM Imran Khan and Chinese Ambassador to Pakistan Yao Jing on Tuesday decided to complete multi-billion-dollar China Pakistan Economic Corridor projects at the earliest.

Talking to the Chinese envoy, PM Imran said that the CPEC framework was the most import project, as it would bring progress and prosperity to Pakistan.

The PM reaffirmed Pakistan’s commitment to further strengthening the all-weather strategic partnership with China.

The Chinese ambassador conveyed the best wishes of President Xi Jinping to Imran Khan on his forthcoming birthday.

The prime minister asked the ambassador to convey his thanks to the Chinese president.

Earlier on September 14, expressing satisfaction on implementation of CPEC projects, Prime Minister Imran Khan had said the corridor would transform national and regional economy.

“CPEC is not only a reflection of Pak-China friendship but it will have positive impact on national and regional economy,” PM Khan had stated while chairing a meeting of government’s economic team in Islamabad.

1 COMMENT

  1. As said above, Russian and Chinese companies are keen for restoration of Pakistan Steel Mills Karachi, then waiting for what? This sluggish attitude and lack of decision power on the part of Pakistani officials has put the country on the brink of bankruptcy. About a decade has passed and they could decide what to do and how to do to the mega projects like PSM, despite of holding meetings after meetings with zero net results. Poor Pakistani nation paying so much for such a indifferent attitude on the part of those who matter in this context. Days job is not completed even in years. This is pathetic.

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