According to a statement from the petroleum ministry, Chinese businesses were invited by Federal Minister for Petroleum Musadik Malik to invest in Pakistan’s energy and petroleum industries on Friday.
Malik made his remarks at a trade and economic gathering that was held in conjunction with the 8th Silk Road International Expo, which is presently taking place in China.
According to a news release Malik received, “Top companies from Pakistan that specialize in upstream, midstream, and downstream petroleum and coal companies are looking to work with Shaanxi Companies to collaborate through investment, joint ventures, and technology transfer.”
He went on to say that it was a component of Pakistan’s larger initiative to draw in foreign direct investment in order to support energy production and infrastructure, two areas that are essential to the nation’s socioeconomic development.
