A Chinese delegation headed
by Mr. Zhenyi Tang Chairman CLSA, a subsidiary of CIITIC called on Federal
Minister for Privatization, Mr. Daniyal Aziz here in Islamabad today. CLSA is
responsible for overseeing the firm’s capital market businesses spanning across
more than 10 countries around the world. This investment bank is leading
capital market and investment group of Asia and declared NO. 1 in the region.
Talking to Chinese
investors Mr. Daniyal Aziz apprised them about the investment opportunities
existing in different sectors of national economy including Energy,
Infrastructure, Transportation, communication and agriculture.
The Minister shared with the
delegation about the investment opportunities existing in capital and security
market including Finance and banking sector.
Moreover Minister PC said
that many of the major privatization of SOEs have taken place during the last
four years, and the credit for prioritizing this sector goes exclusively to the
incumbent government of PML(N) under the visionary leadership of Mian Nawaz
Sharif. He further added Pakistan is a fast growing economy and was striving
for the betterment and improving the efficiencies of state owned
enterprises. The minister informed the
chairman that there are 14 entities have been identified for privatization in
energy sector and called upon the visiting delegation to explore the investment
opportunities in energy sector.
The Minister told them that
during recent past Pakistan has enhanced its electricity generation capacity
from 15,000 to 26,000 MWs in order to fulfill the domestic energy requirements.
Mr. Daniyal Aziz further enlightened the delegation about the tremendous
possibilities of public private partnership (PPP) in oil and gas sector.
Chairman CLSA expressed his desire to exploit
the existing investment opportunities in Pakistan and expressed his resolve to
expand their business in Pakistan as it would be more preferable than UK; as
China is enjoying very warm relations with Pakistan especially in the backdrop
of CPEC, where the potential for investment seems more promising. CLSA could
help the local investors for investing in local capital market or Hong Kong to which they have an easy access.
Federal Secretary
Privatization and other senior officers also attended the important meeting.
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