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ISLAMABAD - China on Wednesday agreed to invest $1.5 billion to set up Pakistan-China Science Park in Islamabad.
Minister for Science and Technology Rana Tanvir Hussain - who is on a visit to China - signed a memorandum of understanding (MoU) with his Chinese counterpart UN Urmaqi. He also invited the Chinese investers to visit Islamabad in next month to select location for construction of the Park by March 2016. He expressed his gratitude for huge investment in Pakistan.
The minister said that Pakistan and China had a lot to share with each other in term of technology, expertise and business. “We are looking to strengthen our mutual ties on economic as well as technological fronts,” he said, adding that this project would prove to be a link of the China-Pakistan Economic Corridor (CPEC). It would bring prosperity to the people of both sides.
China to build $1.5bn science park in Pakistan