Pakistan to help establish special economic zone for Chinese investors: Daily Times

ISLAMABAD: Prime Minister Syed Yousuf Raza Gilani Wednesday said Pakistan would extend all possible help to establish the first-ever Chinese Overseas Economic Zone in the country.

PM welcomed the Haier Ruba joint venture and said the government would encourage more joint ventures to promote economic cooperation between the two countries.

Talking to Lu Keng, chairman of the Haier Group and Haji Koch Muhammad, chairman Ruba Group at PM House, he said joint ventures between the private sectors was the best way to promote trade and investment between our two countries.

He said foreign investment was fully protected in Pakistan and all economic sectors were open to Foreign Direct Investment.

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

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