Pakistan trying to attract Chinese money

Posted by: Bruce Einhorn on June 19, 2008

Chinese investors may have had their share of difficulties in India, but going by the reception that one of China’s top business leaders has just received in Pakistan, they’re seeing a welcome sign from India’s longtime rival. According to this story in Pakistan’s Daily Times, the country’s prime minister, Syed Yousuf Raza Gilani, met with the chairman of Haier, Lu Keng, yesterday and praised the joint venture that Haier – the big white-goods maker rumored to be in the running to buy GE’s appliances division – has with a Pakistani partner to set up a special economic zone in the country.

In a bit of a dig at India, which maintains some restrictions on foreign investment, the Pakistani premier also said the Chinese would get equal treatment. Writes the Daily Times: “Pakistan makes no distinction between local and foreign investors, as 100 percent foreign equity, remittance of royalty, profits and dividends is allowed under Pakistani laws, he said.”

Reader Comments

rh mayo

June 19, 2008 9:41 PM

why should a fact be construed as a dig. Except Mr Einhorn tries to start a partisan BS firefight. You seem to light those fires as a verbal arsonist quite frequently.

Pakifriend

June 20, 2008 12:19 AM

Americans should be envious of China.
After all it is the Americans who are the new pariahs in Pakistan.

Pakistan has always been a satellite of China much to the consternation of USA.

Amongst other things, China has developed a strategic port(Gwadar) in Pakistan which is giving sleepless nights to US Navy. This is in addition to providing Pakistan Nuclear weapons, lock, stock and barrel while USA turned a blind eye.

This should be a wake-up call to America. I hope this does not become they symbol of a declining America.

Andy

June 26, 2008 2:18 AM

This good news for both China and our Pakistani friends. And nope, Pakistan is not a satellite of China. She is an equal friend and brother to China.

Uncle Tom

July 19, 2008 3:13 PM

It would be good for the world if America's days as sole superpower came to an end soon. American arrogance is a danger to the world.

Khan Baba

July 22, 2008 4:55 AM

hello dear friends......
pakistan is very very truly friend of china in past and also in present and also in future....we are(pak & china) like blood and body....like 2 brothers....and i m sure USA and any other basterd country can not do any thing from make week our friendship......
A Pakistani

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