PM Shehbaz extends invitation to Chinese firm for mining investment

MG News | May 24, 2024 at 11:57 AM GMT+05:00

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May 24, 2024 (MLN): Prime Minister Shehbaz has extended an invitation to Chinese firm MCC Tongsin Resources to invest in Pakistan's mining sector, assuring them of full facilitation in this regard, as per the latest update from the Information Ministry.

The Mining and Mineral sectors have been on the priority list of Special Investment Facilitation Council and a significant headway has also been achieved in this sector.

The Chinese firm MCC Tongsin Resources is a research and investment company and a part of Metallurgical Group Corporation, which has been enlisted among the major Metallurgical Construction Contractors of the world.

The Chinese company expressed keen interest in enhancing its investment in Pakistan's mining and minerals sectors and also briefed the Prime Minister about its plans for investment in Mining sector of Pakistan.

The visit of the Chinese company to Pakistan is aimed at cementing ties between China and Pakistan and to assure that Pakistan would ensure the security of Chinese nationals, working on different development projects.

China has so far made investments of more than $65 billion in energy and infrastructure projects in Pakistan under the China-Pakistan Economic Corridor.

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