arifkarim
Prime Minister (20k+ posts)
Chinese companies pledge Pakistan an initial investment worth $9.5 billion
By Policy Pursuit February 5, 2022
As PM Imran Khan visit China to attend the Beijing Winter Olympics 2022, Chinese companies have pledged an initial investment worth billions of dollars.
A $4 billion investment agreement for steel recycling in Pakistan’s Gwadar has been signed.
China Machinery Engineering Corporation will establish an agricultural technology transfer center. CMEC has expressed interest in the storage of 200,000 metric tons of LNG in Karachi.
The Royal Group will invest $50 millionin Buffalo Farm. The company also plans to invest an additional amount of $30 million in milk processing.
$50 million will be invested in agricultural technology and $500 million on LNG storage. Another Chinese company has signed several MoUs with Fauji Fertilizer.
Challenge Fashion, a leading textile company, bought 100 acres for the Free Economic Zone at a cost of $250 million. This investment will help increase exports by $400 millionannually and create 20,000 jobs.
A consortium of three companies, according to the Special Assistant to the Prime Minister Mr. Khalid Mansoor, is “looking to establish a metal and paper reprocessing park in Gwadar.”
CRBC will invest $3.5 billion in partnership with Karachi Port Trust. The two groups will collaborate to establish Karachi Coastal Development Zone.
Neusoft Medical Systems will invest $30 million in artificial intelligence in the medical field. Neusoft plans to work on various projects at an additional cost of $170 million.
Hunan Sunwalk Construction Group will lay 100,000 km of fiber optics cable at a cost of $2 billion.
The Global Semiconductor Group will set up a $40 million Skills Development Center, an investment that will create more than 100,000 jobs.

Chinese companies pledge Pakistan an initial investment worth $9.5 billion - Policy Pursuit
As PM Imran Khan visit China to attend the Beijing Winter Olympics 2022, Chinese companies have pledged an initial investment worth billions of dollars.

Burnol shortage in Pakistan after this positive economic development
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