Meeting with PM improves Chinese investors’ confidence: GT

Several Chinese business leaders have expressed increased confidence in their operations in Pakistan after attending a meeting with Prime Minister Imran Khan that was aimed at addressing Chinese firms’ concerns regarding policy support and security after recent terrorist attacks, Global Times reported on Wednesday.

During the meeting with a delegation of Chinese business leaders, Khan vowed to chair a monthly self-review meeting to address their concerns sending a strong signal that the Pakistani government attaches great importance to Chinese companies.

Zhang Shilu, general manager of Zhengbang Agriculture Pakistan (Pvt) Limited, who attended the meeting, told the Global Times that the meeting was held in response to concerns that have gripped Chinese investors.

“Chinese enterprises encountered some difficulties in doing business in Pakistan and we expressed our expectations to the Pakistani Prime Minister, who showed that Pakistan attaches great importance to the development of Chinese enterprises in Pakistan. It greatly increases the confidence of Chinese enterprises,” Zhang said.

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He added that at the investment meeting, representatives of Chinese enterprises voiced their hopes that Pakistan could introduce an industrial park management committee – a common practice in China – to simplify approval processes.

Zhengbang Agriculture currently produces pesticides, including insecticides, fungicides, and herbicides and fertilizers in Pakistan, which are used on all types of crops in the country, including cotton, rice, wheat, citrus and mangoes.

According to the Prime Minister’s Office Twitter account, Chinese enterprises that attended the meeting included OPPO, Shanghai Challenge Textile Co, and Easy Prefabricated Homes Pvt, a subsidiary of Henan D.R. Construction Group Co.

George Long, CEO of OPPO Pakistan, told the Global Times that the company was hoping for some form of preferential tax treatment and land policies from the Pakistani government to support its R&D and high-tech production. This would boost local employment and local tech supply chains would also be steadied, Long said.

The Chinese phone vendor’s foray into the Pakistan market began in 2014 and it has built 17 aftersales services centers and more than 5,000 retail outlets across the country. “We’re confident about expanding investment in Pakistan and bringing quality smart gadgets to the people of Pakistan,” Long said.

A manager surnamed Jin with Henan D.R. Construction Group who participated in the meeting said that the agenda of the meeting included difficulties for Chinese-funded firms in the local industrial park that include land purchases and natural gas and power supplies.

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