Huawei CEO expresses interest in 'heavy investment' during meeting with PM Imran in Beijing

[Shahzaz ud din]

Huawei CEO expresses interest in 'heavy investment' during meeting with PM Imran in Beijing
Prime Minister Imran Khan on Sunday met the founder and chief executive of Chinese tech giant Huawei, Ren Zhengfei, in Beijing, who expressed his interest in making "heavy investment" in Pakistan, according to a statement by the Ministry of Planning.

Huawei has already set up a regional service centre in Pakistan, the statement notes, adding that 600 IT professionals are presently working there.

The prime minister also met with representatives of other leading Chinese firms, who pledged large-scale private sector investment in Pakistan.

The CEOs of Rainbow Agritech Group, Challenge Apparel, Li & Fin Corporation, and Foton cars were among the business leaders who met the premier, according to the planning ministry handout.



Prime Minister Imran Khan in a discussion with Huawei CEO Ren Zhengfei. — Ministry of Planning

Board of Investment (BoI) Chairman Haroon Sharif and Advisor to PM on Commerce and Industry Abdul Razak Dawood were also present during the meetings. The prime minister directed the BoI chairman to remove any hurdles faced by investors and ensure that they are facilitated on a priority basis.

Multiple new memoranda of understanding were inked with various Chinese firms to further cooperation in diverse fields, the details of which are as under:

1. China Railway Construction Corporation (International) Limited and Fastrack Silverlink (Pvt) Ltd in conducting railway cargo business
2. Memorandum of Understanding (MoU) between the Government of Pakistan and China Overseas Port Holding Company (COPHC) Ltd under the Clean Green Pakistan movement
3. MOU for setting-up the first cloud centre in Pakistan for the finance and media industry in collaboration with Huawei Technologies and Airlink Communication
4. Theatrical distribution agreement between M&D Films Pakistan and Fire International Media of China for release of the film 'Parwaz Hay Junoon' in China
5. Framework investment agreement between China-Pak Energy Investment (Suzhou) Co Ltd, Sinohydro Corporation Ltd and Pakhtunkhwa Energy Development Organisation (PEDO) of KP government for Toren More Kari hydro power project (350 MW) in Chitral and Jameshill Toren More hydropower project in KP
6. Joint investment agreement with Beijing Jingneng Power Co Ltd, Power China International Group Limited and Oracle Power PLC for 2x600 MW Thar Coal Based Power Project at Thar Block VI, Sindh (CPEC Project)
7. Cooperation agreement of renewable energy with Power China International Group Limited and Atlas Power Limited
8. Signing of a joint venture with Sansheng Group for development of Industrial Zone in Pakistan
9. Mou for establishment of Agri platform at Qingdao Cit
10. Mou for Bei Da Huang Group and JW SEZ Group Pakistan
11. Textile industry agreement between Shanghai Yuanyui Industry Co Ltd, China Railway 20 Co Pakistan (Private) Limited, Board of Investment of Pakistan and Pak China Investment Company Limited
12. Agreement for modern agriculture comprehensive development between China Machinery Engineering Corporation (CMEC) and Government of Balochistan
13. Signing of financial agreement between HUBCO and Thalnova for development of 330 MW coal fired power plant in Thar Block 2.
14. MOU for joint venture of K-Electric 700MW Coal Based Power Project in Partnership with CMEC
15. MOU for Modern Agriculture Comprehensive Development Project with Fatima Group Co Ltd
16. Agreement between China Road and Bridge Corporation (CRBC) and Khyber Pakhtunkhwa Economic Zone Development and Management Company, Pakistan
17. Source

 

[AZADPAKISTAN2009]

A manufacturing plant for Chinese cell phones would be huge

Also lot of possible applications for Chinese tech in Military Vehicles , Troops helping gadgets

 

[Peaceful Civilian]

Investment is welcome. I also like huwai products. Good in quality.

 

[pakpride00090]

I hope they don't start spying on us via these gadgets.

 

[Abdussamad]

MOUs are worthless. They aren't going to start manufacturing cell phones here when there are huge industrial clusters in China. There's no point in doing it in Pakistan. We have no semiconductor industry.

The country is not safe. It's only been a few weeks since the last terrorist attack.

Our bureaucracy is also not very investor friendly. Shanghai Electric's acquisition of KE has been dragging on for years because of red tape. The message to foreign investors is quite clear - stay clear of this country.

 

[maximuswarrior]

I hope they don't start spying on us via these gadgets.

You are already being spied on. Just have a look at the mega US embassy.

MOUs are worthless. They aren't going to start manufacturing cell phones here when there are huge industrial clusters in China. There's no point in doing it in Pakistan. We have no semiconductor industry.

The country is not safe. It's only been a few weeks since the last terrorist attack.

Our bureaucracy is also not very investor friendly. Shanghai Electric's acquisition of KE has been dragging on for years because of red tape. The message to foreign investors is quite clear - stay clear of this country.

We know who you really are.

It is good to see you in so much pain.

Luckily all you can do is watch from the sidelines and burn.

 

[Abdussamad]

You are already being spied on. Just have a look at the mega US embassy.
We know who you really are.

It is good to see you in so much pain.

Luckily all you can do is watch from the sidelines and burn.

No you don't. You people are paranoid. You think everyone who doesn't conform is an Indian.

I would actually love it if Huawei actually set up a plant in Pakistan because it would mean cheaper phones for me. But I know better than to get my hopes up.

 

[maximuswarrior]

No you don't. You people are paranoid. You think everyone who doesn't conform is an Indian.

I would actually love it if Huawei actually set up a plant in Pakistan because it would mean cheaper phones for me. But I know better than to get my hopes up.

Blah blah blah.

Get back to crying rivers because no one gave a shit about your BS.

You are a singleton. Always complaining and nagging with zero solutions.

Like ISPR said, your time is up. We are coming for you. Nowhere to hide. Not even Indian money is going to save you now.

 

[AZADPAKISTAN2009]

CHINA ZINDABAD