Islamabad
Federal Minister for Petroleum Dr Musadik Malik on Friday invited Chinese enterprises to invest in Pakistan’s energy and petroleum sectors, a statement from the petroleum ministry said. Malik’s statement came during an economic and trade event on the sidelines of the 8th Silk Road International Expo currently taking place in China. “Top companies from Pakistan specialising in upstream, midstream, and downstream petroleum and coal companies are looking to work with Shaanxi Companies to collaborate through investment, joint ventures, and technology transfer said a news release received here,” Malik said.
He added that it was a part of Pakistan’s broader effort to attract foreign direct investment to bolster infrastructure and energy production which are crucial areas for the country’s socioeconomic development.
He also emphasised efforts to deepen provincial-level cooperation, focusing on enhancing business-to-business (B2B) linkages across sectors such as mining, petroleum and energy, and technology.
The petroleum minister said that the expo was not just “a celebration of trade and investment” but also “a celebration of the spirit of cooperation that defines the relationship between Pakistan and China”.
He added that the infrastructure projects of Belt and Road Initiative (BRI) — said to be worth $65 billion — and the China-Pakistan Economic Corridor (CPEC) were platforms for peace, prosperity, and development for the entire world.
