Fri, Oct 28, 2016 | updated 05:38 PM IST

Pakistan to offer free-of-cost land to Chinese investors in Punjab

Updated: Jul 29, 2016 15:59 IST
Lahore, July 29 (ANI): Chief Minister Shahbaz Sharif has offered free-of-cost land to Chinese investors if they invest in Punjab, Pakistan.

Chief Minister Sharif made the offer while addressing the Punjab-Qingdao Business Seminar on Thursday, during his ongoing visit to China, reports the Dawn.

He assured the Chinese investors of best facilities and provisions for the programme of shifting industries along with technology to Pakistan.

He also met Communist Party of China, Qingdao, Secretary Li Qun, during which, agreements and memorandums of understanding (MoUs) were signed between Punjab and Qingdao.

A joint working group will also be set up to explore possibilities of promotion of cooperation between the two nations in different sectors.

MoUs were also signed between Punjab Investment Board, industries department and Qingdao.

Investors from both Punjab and Qingdao also signed agreements and MoUs under which cooperation would be enhanced for setting up of economic zones besides other sectors. (ANI)