Pakistan taking steps to improve governance, PM Shehbaz assures potential Chinese investors

Prime Minister Shehbaz Sharif on Thursday said Pakistan was taking steps to improve governance, increase the tax net and ensure ease of doing business to attract foreign direct investment (FDI), state-run Radio Pakistan reported. During a meeting with China Exim Bank President Dr Wu Fulin in Beijing today, the premier said the results of reform measures had started appearing as the “inflation in the food sector had been controlled to a great extent”. He said that the current account deficit had narrowed and public debt had been brought to a more sustainable level, Radio Pakistan said. On Tuesday, PM Shehbaz and most of the federal cabinet members landed in China’s tech hub of Shenzhen as they embarked on their five-day trip to the neighbouring country to seek more investments. This is the premier’s first visit to China following the February 8 general elections, and will likely see the inauguration of the second phase of the China-Pakistan Economic Corridor (CPEC) project.