Pakistani Minister Offers Free Land to Chinese Investors

In an effort to attract Chinese investment to a province of Punjab, a Pakistani politician has offered free-of-cost land to large Chinese investors.

The proposal was announced on Thursday by Punjab's Chief Minister Shahbaz Sharif during his current visit to China for the Punjab-Qingdao Business Seminar. According to a statement, the minister offered free-of-cost land to businessmen if they invest in Punjab.

The minister also assured Chinese investors that they would be provided with the best facilities for a program of shifting novel technologies to Pakistan.

The seminar held in Qingdao, a city on the east coast of China, was attended by a large number of Chinese industrialists, investors, businessmen and senior government officials.

Shahbaz Sharif had a meeting with Communist Party Secretary of Qingdao Li Qun, where they have signed agreements and memorandums of understanding between Punjab and Qingdao. Investors from both Punjab and Qingdao also inked a number of agreements under which cooperation would be enhanced for setting up economic zones for the textile sector, transport, industrial estates, infrastructure, e-commerce, technical and vocational training amongst other sectors.