Pakistan economy to undergo structural reforms: Sharif

Prime Minister Nawaz Sharif today said his government is making structural reforms to make Pakistan's cash-strapped economy attractive for investors, as a Chinese firm pledged to pump in USD 2 billion.
Sharif, while talking to a delegation of Chinese Group RUYI headed by its chairman Yafu Qiu in the Prime Minister's House here, said Pakistan is one of the emerging economies of world.
He stressed that Pakistan provides ample investment opportunities in energy infrastructure and textile sectors.
Sharif said his government is making structural reforms to make the economy attractive for the local and international investors.
"Prime Minister told that our government has investment friendly policies and we would like that the worldwide investors including Chinese should invest in Pakistan," a statement released by the Prime Minister's office said.

Yafu Qiu said that his company is all set to invest USD 2 billion in Pakistan economy in next two years.

The main sectors of investment would be energy and textile sector, he said.
"He said that his company will construct two coal fired power plants in Pakistan each having power generation capacity of 300 megawatt," the statement said.
Qiu said that after getting GPS plus status Pakistan has become an attractive place for investment in textile sector, it said.
"Pakistan has a booming textile sector and taking advantage of the available opportunities that they have planned to invest in textile sector besides production of High quality Yarn," Qui was quoted as saying.

"He (Qui) said that they are encouraged by the support and assistance provided by the government of Pakistan in this respect," the statement said.
Sharif appreciated the investments pledged by the company and said that it would not only create job opportunities to the skilled youth but also lead to introduction of new technology in textile sector.