ISLAMABAD (PEN) : Pakistan aims to attract Chinese investors to key sectors such as agriculture, AI, and technology
Pakistan’s Finance Minister, Muhammad Aurangzeb, emphasized on Wednesday that the country is looking for Chinese investment, not aid, to boost its economic growth. Speaking during his visit to China, Aurangzeb highlighted the potential for collaboration between the two countries and invited Chinese investors to explore opportunities in various sectors.
Pakistan’s Focus on Investment
Aurangzeb pointed out that Pakistan is keen on attracting foreign capital, particularly from China, to accelerate growth in sectors like agriculture, artificial intelligence (AI), and technology. He underscored the importance of strengthening Pakistan’s agricultural sector, which he sees as crucial for the country’s long-term prosperity.
During his talks with Chinese media, the Finance Minister also urged Chinese companies to consider shifting their operations to Pakistan, promising a conducive environment for investment and growth.
Strengthening Bilateral Relations
The Finance Minister reiterated that Pakistan is committed to enhancing its ties with China, particularly in trade and investment. He stressed that the current time presents a unique opportunity for Pakistan to tap into China’s capital markets.
Panda Bonds for Market Access
In a bold move to enhance economic cooperation, Aurangzeb confirmed that Pakistan plans to issue Panda Bonds. These bonds are a tool for countries to raise funds in China’s capital markets, and Aurangzeb’s remarks signaled a strong commitment to further integrate Pakistan into global financial systems.
Overall, Pakistan’s push for investment over aid reflects its broader strategy to build sustainable economic growth by leveraging foreign expertise and capital.
