Pakistan ‘investment destination’ for foreigners: Abdul Razak Dawood

Chinese companies have started treating Pakistan as an investment destination. PM’s Adviser on Commerce, Abdul Razak Dawood said that Long March has made a joint venture with Servis group in footwear and Double March has partnered with Daewoo Pakistan Express Service and MSD Tire. He said that more investment from mega Chinese companies is also in the pipeline as companies like Li & Fung are also in the process of making their mind to come to Pakistan with huge investment. He said that Pakistan is toeing the penetrating policy into the markets of other countries that China adopted way back in 80s, 90s and 2000s. He admitted the fact that the govt. has so far not succeeded, but is striving in getting removed the travel advisories imposed since long against Pakistan by developed economies such as the US, Germany and Japan and others countries.

 

11/14/2019