PM to extend facilitation to Chinese investors

Islamabad: Prime Minister Muhammad Shehbaz Sharif assured to extend every possible facilitation to the Chinese investors for investment in Pakistan.

He made the remarks while talking to a delegation of Service Long March Tyres and Chaoyang Long March Tyres led by Chairman Li Qingwen in Islamabad.

Shehbaz Sharif said: “China has also supported Pakistan in difficult times,” adding that China is a longstanding friend of Pakistan.

Prime Minister directed the relevant quarters to extend maximum facilitation to the Chinese investors for improvement of Tyres industry in Pakistan.

He directed the authorities concerned to curb the smuggling of Tyres, saying that “A comprehensive policy should soon be furnished to check the smuggling of Tyres and spare parts”.

The premier welcomed the Chinese investment through a joint venture with a prominent Pakistani Tyres company.

Sharif was informed that the Tyres being manufactured in Pakistan at a plant established through the Chinese investment are being sold in international markets. It was informed that the production of tyres would be increased to take annual exports to two hundred million dollars.