I am here for trade and development, not loans: Shehbaz
\n SHENZHEN
\nPrime Minister Mohammad Shehbaz Sharif on Wednesday described China as a role model and said the world should follow the Chinese example, under which the Asian giant binned the redundant practices and implemented policies to modernise its economy and society.
\n\u201cI am here for trade and development, not loans,\u201d the prime minister said and invited the Chinese companies to invest in Pakistan which has mineral resources worth around $10 trillion.
\nThere is a need to learn from China, Shehbaz said and asked the Pakistani companies to replicate the Chinese model, as he addressed the Pakistan-China Business Forum in Shenzhen, while also recalling that Pakistan\u2019s macroeconomic indicators were better than that of China back in 1950s and 1960s.
\nHe said President Xi Jinping like his predecessors invested on the younger generation and focused on human resource development while propelling 700 million Chinese out of poverty, which enabled the country to become the world\u2019s second largest economy and global military power.
\nThe prime minister described the Shangla suicide bombing as one of the saddest day of his life and promised to provide blanket security to the Chinese nationals and companies working in Pakistan.
\nHe offered his \u201csincere apologies\u201d and condolences to the Shangla attack victims\u2019 families and the Chinese people, while mentioning that China had invested billions of dollars across Pakistan.
\nShehbaz said the Belt and Road Imitative (BRI) provided a guaranteed roadmap to development and added that Pakistan had taken great advantage of the multibillion dollar China-Pakistan Economic Corridor (CPEC).
\nAbout creating an environment conducive to investors, the prime minister said work had been started on structural reforms in Pakistan and the government was working on eliminating corruption from the country.
\nEarlier, Deputy Prime Minister Ishaq Dar in his speech said the Special Investment Facilitation Council (SIFC) was taking steps to encourage investors and businesses, adding that Pakistan ample investment opportunities in a wide range of fields.
\nPakistan is mulling over privatisation of 84 state-owned enterprises (SOEs), said Dar, who also holds the foreign ministry portfolio.<\/p>\n","protected":false},"excerpt":{"rendered":"
I am here for trade and development, not loans: Shehbaz SHENZHEN Prime Minister Mohammad Shehbaz Sharif on Wednesday described China as a role model and said the world should follow the Chinese example, under which the Asian giant binned the redundant practices and implemented policies to modernise its economy and society. \u201cI am here for […]<\/p>\n","protected":false},"author":2,"featured_media":411029,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-411009","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news"},"yoast_head":"\n