Islamabad: Officials of 55 Chinese companies have assured Prime Minister (PM) Imran Khan of making investments up to USD 5 billion in Pakistan during the next three to five years, a news source reported. A high-level delegation representing these investment firms held a meeting with the premier in Islamabad on Friday.
Read: China shows interest in investing up to $1bn in various sectors
‘The Chinese corporate leaders with their businesses in multiple areas including small and medium enterprise showed keen interest to invest in Pakistan,’ read a statement issued by the Prime Minister’s Office (PMO).
It added that the Chinese investment would facilitate the creation of over 50,000 jobs in Pakistan during the said undertaking’s inaugural phase.
In response, PM Khan welcomed the interest showed by the Chinese delegation and said that Pakistan had immense potential for multi-sectoral development. He added that his government accorded top priority to the implementation of the China-Pakistan Economic Corridor (CPEC) project.
Read: CPEC Taskforce briefs minister on progress of projects
The meeting came in the wake of PM Khan’s visit to China in April during which he had discussed measures aimed at strengthening bilateral trade and investment ties with the Chinese leadership.