China to Invest $1 Billion in Pakistan’s Medical City Strengthening Bilateral Ties
President Zardari made these remarks while speaking to a Chinese business delegation headed by Yang Yundong, the Chinese Consul General in Karachi.
The president said that it would further strengthen the two fraternal nations’ trade and economic relations. To boost bilateral trade and economic ties, he emphasized the necessity of improved communication between the citizens of the two nations, particularly between investors and companies.
The Chinese delegation indicated interest in investing $1 billion to build a medical city in Pakistan to improve the country’s healthcare system,
The delegation also expressed interest in investing in diverse sectors of Pakistan’s economy, especially agriculture, livestock, energy, transport, and manufacturing.
Welcoming the delegation, the President said that Pakistan and China shared commonalities of interest and views on important issues, besides enjoying deep-rooted and historic brotherly ties.
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The president said Pakistan and China have been close friends for decades, and it was his vision to develop Gwadar Port into a regional trade and economic hub that would not only improve regional connectivity but would also boost regional trade and economic cooperation.
President Zardari said that Pakistan would welcome Chinese investors and prefer to do business with China.
He said Pakistan is committed to facilitating and supporting Chinese investors in every possible way.
The president highlighted that Chinese language courses have been introduced in Sindh, which would prove to be an important step towards strengthening people-to-people and cultural linkages between Pakistan and China.
Chief Minister Sindh Syed Murad Ali Shah and provincial ministers also attended the meeting.
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