China's top financial enterprise to invest in Pakistan's financial sector; other key projects: APP

BEIJING, June 24 (APP): The China's top financial enterprise has assured for financing in major projects particularly in Financial Sector in Pakistan. The assurance was given when Pakistan's Foreign Secretary Salman Bashir met the chief of the China International Capital Corporation, Levin Zhu here, a senior official at Pakistan Embassy said Tuesday.

Zhu while appreciating the economic policies of Pakistan's government, announced that his organization would make massive investment particularly in financial sector that has great potential.

He said that there is big scope for investment in energy, power, mining, oil and gas exploration, infrastructure, agriculture and other important sectors.

The Foreign Secretary on the occasion informed that foreign investment is fully protected in Pakistan and all economic sectors are open to Foreign Direct Investment.

Pakistan makes no distinction between local and foreign investors, as 100% foreign equity, remittance of royalty, profits and dividends is allowed under Pakistani laws, he said.

He said that the establishment of Special Economic Zone (SEZ) would go a long way in facilitating Chinese investment in Pakistan.

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