China helps to improve living of Pakistani nation: Officials

China helps to improve living of Pakistani nation: Officials My Country
China helps to improve living of Pakistani nation: Officials My Country

China helps to improve living of Pakistani nation: Officials My Country

BEIJING: State-owned Chinese companies are committed to help Pakistan, improving the living conditions of its people, by connecting the country’s major cities and towns through infrastructure network.

China State Construction Engineering Corp, China’s biggest construction company is playing a major role in improving the economic prospects of many nations across the world including Pakistan, the company’s officials said here on Tuesday.

It has some projects in Pakistan including the Peshawar-Karachi Motorway. Globally, the company has showcased its technological advantages in building super high-rises and built nearly 30 high-rises over 100 meters tall in 16 countries as of June this year.

The major overseas projects have also made breakthroughs this year, including the completion of a 33-kilometer-long section of the Peshawar-Karachi Motorway (PKM) Project 15 months ahead of schedule in May, the sources added.

The PKM Project is one of the largest transportation infrastructure projects in China-Pakistan Economic Corridor, and will enable Pakistan to serve as a pillar for inter-connectivity of the region when completed.

According to the officials, the company’s revenue from overseas business during the first six months of this year rose 4.5 percent year-on-year to 38.87 billion yuan ($5.65 billion), or 6.6 percent of its total revenue during the period.

The company has set a target to raise the proportion of overseas revenue in total revenue to 10 percent by 2020, as part of its plan to improve efficiency and upgrade business structures.

The gross margin of overseas business in the first six months was 13.8 percent, higher than its mainland counterpart’s 10.3 percent and up 4.9 percentage points year-on-year.

China helps to improve living of Pakistani nation: Officials My Country