Planning Minister Makhdum Khusro Bakhtyar says government is focusing on promoting export-led industry and import substitution for sustained economic growth.
Chairing a meeting with Chinese Business delegation in Islamabad today, he said China can help increase Pakistan’s exports by relocating export oriented industries and initiating joint ventures in various fields.
The Minister said Pakistan offers liberal investment policies to attract foreign investment in different areas. He said foreign investors can tap the potential of local export oriented industries through joint ventures.
Makhdum Khusro Bakhtyar invited Chinese businessmen and investors to take advantage of incentives being offered by Pakistan.
The visiting Chinese business delegation expressed desire to invest around one billion dollars in various sectors in initial phase. They expressed desire to invest in various sectors in Pakistan including automotive, textiles, agriculture related industries, IT and telecom industries.