Chinese Aerospace Group shows interest in $5–10billion investment in Pakistan

Islamabad: A Chinese company, Aerospace Development Industry Investment Group, has expressed interest in investing between $5 billion and $10 billion in Pakistan.

A Chinese delegation held a meeting with Pakistan’s Federal Minister for Investment, Qaiser Ahmed Sheikh, where both sides discussed potential investment opportunities in the country.

During the meeting, the Chinese group indicated its willingness to invest between $5 billion and $10 billion in Pakistan. The delegation also expressed interest in investing in the sectors of minerals, advanced technology, and industrial development.

Speaking on the occasion, Qaiser Ahmed Sheikh said that regulatory reforms are ongoing to facilitate investors and improve the ease of doing business in the country. He added that investors are being offered tax incentives in Special Economic Zones to attract foreign investment.

The minister further stated that investors are also being given sales tax exemptions on the import of machinery to support industrial growth and encourage new investments.