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Chinese Firms’ interest in Pakistan’s businesses and Lands

China sees to strengthen more its long-term ties with ‘all-weather ally’ Pakistan as a number of corporate companies from Beijing are in talks to acquire more trades and lands in Pakistan after sealing two major deals in recent months, as reported by Reuters.

According to the report, dozens of Pakistani executive from the biggest firms claimed that Chinese companies were looking mainly at the cement, steel, energy and textile sectors, the backbone of Pakistan’s $270 billion (approx Rs 18 lakh crore) economy.

Analysts believe that Chinese companies are using Beijing’s project, ‘One Belt, One Road’ to expand its business foreign in times when development has slowed in China. Pakistan is a key partner in the global trade project of China.

The report says that a Chinese-led consortium recently took a strategic stake in the Pakistan Stock Exchange, and Shanghai Electric Power acquired one of Pakistan's biggest energy producers, K-Electric, for $1.8 billion.

A time ago, China gave away two ships to the Pakistan Navy to protect the strategic Gwadar port and trade routes under the USD 46 billion China-Pakistan Economic Corridor (CPEC)

China’s investments in Pakistan grasped pace since the China-Pakistan Economic Corridor (CPEC) has started. The recent development of Gwadar port is a part of CPEC’s crop which will link China to Europe, Middle East, and Africa through the Western route of Pakistan.

China is extending help and cooperation to Pakistan for security along the CPEC's land and sea routes. Pakistan has already raised a new division of the army to ensure security along the CPEC route and in and around the Gwadar port. 

Nazish Islam - a media graduate with an undying love for chai, books, traveling, series shows, sports, hijab, and of course writing.

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Chinese Firms’ interest in Pakistan’s businesses and Lands

China sees to strengthen more its long-term ties with ‘all-weather ally’ Pakistan as a number of corporate companies from Beijing are in talks to acquire more trades and lands in Pakistan ...