Chinese businessmen offer to invest in Sindh, officials discuss ‘Tianjin-Karachi twin cities’

BE2C2 Report — Chinese businessmen from Tianjin — a major port city in northeastern China, have offered to invest in the proposed economic zone at Keti Bander of Thatta district in Sindh or in the Special Economic Zone at Dhabeji.

Keti Bandar port located 160km southeast of Karachi, the capital of Sindh and Pakistan’s financial capital, and the 1000-acre Special Economic Zone in Dhabeji are part of the $56 billion China Pakistan Economic Corridor.

An official delegation from the Chinese city — directly governed by China’s central government, led by Vice Chairman on External Affairs of the Tianjin Municipal Government Chen Weiming met with with Chairperson of Sindh Board of Investment Ms. Naheed Memon in Karachi on Friday and discussed matters related to investment in Sindh.

The representatives of National Industrial Park (NIP), Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Karachi Chambers of Commerce and Industry(KCCI) and SBI officials were also present.

They discussed matters including declaring Karachi and Tianjin as twin cities, promotion of industrial relations with Tianjin, establishment of special textile park in the province including investment in petrochemical, building materials and steel sectors.

SBI Chairperson appreciated the interest taken by the Chinese delegation for investment in various sectors including the Tianjin-Karachi twin cities offer. She agreed to further expedite the work in this regard.

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