Pakistan enhancing its industrial sector with China’s assistance: FM Qureshi

 

ISLAMABAD: Foreign Minister Shah Mehmood Qureshi on Friday said that the federal government was formulating strategies to alleviate creation of opportunities for businesses and foreign investments, ARY News reported.

Shah Mehmood Qureshi, while was addressing to Investment Conference in Islamabad, said that foreign investments will be beneficial for stabilisation of national economy besides creating employment and remittances. “There is a need to promote investment and trade,” he said.

The foreign minister highlighted various sectors which would be enhanced to bring betterment in the economy by facilitating foreign investors and businesspersons.

He assured that the exchange of modern technology will be made possible on easy terms. He added that the tourism sector will also play an important role in economic betterment, however, developing countries will definitely need the cooperation of developed nation to meet its targets.

“We are moving in the right direction following the vision of Prime Minister [Imran Khan]. The Foreign Ministry is also taking steps for amelioration of economy on diplomatic fronts. Improvements are seen in different sectors in first nine months of the present government,” Qureshi said.

“Pakistan and China have agreed for initiation of the second phase of China-Pakistan Economic Corridor (CPEC) project. We are enhancing our industrial sector with Chinese assistance in future, whereas, both countries agreed to formulate a Free Trade Agreement (FTA) which would be focused on enhancing Pakistan’s industries.”

 

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