China to Set Up $15 Billion Oil Complex
A consortium of Chinese state-owned enterprises has proposed to build a $15 billion oil refinery complex in Pakistan, which has struggled with massive outflows of foreign investment over the past few years.
Tuesday, Board of Investment (BOI) Secretary Fareena Mazhar told The Express Tribune that China Petroleum Pipeline Engineering Company LTD (CCP) and China Zhen Hua Import and Export Corporation had expressed interest in investing $15 billion in an oil refinery complex.
Initially, it was anticipated that CPEC would augment current foreign direct investment, but the data demonstrate otherwise. After China began investing in Pakistan, the United States was the first nation to withdraw or cut its investment in Pakistan, according to Mazhar.
The secretary stated that from 2002 to 2012, Chinese investment in Pakistan totaled $814 million, compared to $5.7 billion in US investment.
The BOI has been pushing expats to seek for work visas in Pakistan. The number of foreign expats seeking work visas has increased by 44%, from 3,485 in 2019-20 to 5,035 at the end of the previous fiscal year.
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.
Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.
Book Your Plot Now: +92 331 111 0005