19 Chinese Groups to Invest in Pakistan

It was recently reported from Karachi that the Industrial and Commercial Bank of China has come out in the open in order to back the Pakistani economy. They are willing to back them up with certain investments that are going to take place in Pakistan and will be made by certain Chinese organizations.

Sources claim that at least 19 major Chinese groups are currently reviewing the prospect of coming into Pakistan for a business. There are different industries which these groups are targeting including the likes of energy, infrastructure, trade and even commerce.

This is definitely going to serve as a boost for the Pakistani economy as this will serve as another foreign investment the country.

The ICBC group has already shown interest in the country and it is only a matter of time that they are going to visit Pakistan in order to invest into certain businesses. They already have 17245 branches within China and approximately 329 institutions in 40 different countries. They have been operating in the port city of Karachi since the year 2011.

According to a representative of ICBC, “It will be natural for these companies to have business relationship with ICBC Pakistan, and this will boost ICBC Pakistan’s operations.”

Short URL: https://www.newspakistan.pk/?p=43811

Posted by Ahmad Mehdi on May 9 2014. Filed under Business, Latest News, Pakistan. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.