President Asif Ali Zardari Wednesday met the leaders of a dozen of China's corporations specializing in defence, petroleum, banking, industrial and construction sectors to further Pakistan's quest for attracting Chinese entrepreneurs to invest in Pakistan in return for liberal economic incentives and security to Chinese manpower. The corporate leaders with whom the President met separately in the State Guest House included the chief executive officers and their delegations of the EXIM Banki of China, the Three gorges Dam Project corporation, China Northern Railways Corporation, China Northern Industries Corporation (NORINCO), China Petrochemical corporation(SINOPEC Group) Sinotruk, Tebian electric and Apparatus Stock Co, Sinohydro Corporation and Industrial and Commercial bank of China. Briefing the journalists Presidential Spokesperson Farhatullah Babar said that the President informed the corporate leaders that Pakistan had a Free Trade Agreement with China in goods, services which ensured full security to Chinese investment in Pakistan. He said that low cost and hard working labour together with liberal incentives and access to huge markets of countries in the region Pakistan offered unique opportunity to Chinese investors to invest in Pakistan. The President thanked the Chinese corporations already doing business in Pakistan and said that the true potential of business partnership between the entrepreneurs of two countries had yet to be fully realized. President Zardari said that despite adverse geopolitical situation and global financial crisis Pakistan has maintained steady growth. To sustain this growth Pakistan had embarked on private-public partnership mode of development model which was most suited to investors in infrastructure and energy sectors. Farhatullah Babar quoted the President as saying that the government planned to launch a mega housing project in the country to overcome housing shortage particularly for the government employees. For this purpose high rise apartment buildings are planned to be constructed in major cities of the country which will be given to public officials on mortgage basis. The President invited Chinese builders and construction companies to form consortiums with Pakistani firms on the basis of equity partnership. He said that the state partnership in the project could be in the form of land and other some other essential in puts and facilities. The President said that Pakistan was facing acute power shortage and intended to add tens of thousands of megawatts of power to its national grid in the next 25 years through combined hydro, coal, gas, nuclear and renewable energy sources. The President apprised the corporations dealing in alternate energy of the enormous potential of solar and wind energy in Pakistan and invited them to join in partnership with Pakistani entrepreneurs. The President invited the three Gorges Corporation to participate in the construction of planned 12 new small and medium dams being builtby WAPDA in the country. He said that a MoU had already been signedwith the EXIM Bank of China for financing 700 million dollars forthese dams. A Chinese company Synohydro has already signed agreementfor the construction of Darawat and Winder dams. The President saidthat the government will support and facilitate the Three Gorges DamProject Company to construct the new dams in Pakistan. He also askedthe EXIM Bank to consider financing projects in Pakistan in othersectors of oil and gas exploration, ship building and industrialsector and also set branches in Pakistan to avail the opportunities in Pakistan?s growing economy. Talking to the CEO of Sino hydro the President invited the China's energy and construction giant to assist Pakistan in the alternate energy projects. Sino hydro has been active in Pakistan for almost quarter of a century and is building major projects including the Gomal Zam project in Khyber Pukhtoonkhwah province and awarded contracts for Darawat and Winder dams. The President invited the Sinotruk (Hongkong) to build trucks in Pakistan the demand for which was rising in the country. The President also underlined the need for increased cooperation inthe defence production sector. President Zardari thanked the CEO of the China Northern Industries Corporation (NORINCO) for its cooperation with the defence forces of Pakistan that had contributed to the establishment and development of defence industry in Pakistan. NORINCO has supplied wide range of tanks, artillery guns, air defence systems and vehicles to the defence services of Pakistan. The Heavy Industrial Complex Taxila has contracted with NORINCO for provision of Al Khalid Tanks. Talking to the delegation of China Northern Railways Corporation (CNR)headed by its CEO the President said that Pakistan planned to convert from broad gauge to standard gauge and also to build a number of newlines for access to the central Asia, West Asia, Chinese and European markets and invited the CNR to form a consortium with the Pakistan Railways for the development of theses and other projects on the basis of equity partnership. He said that Pakistan also wanted to upgrade its engines and rolling stock. The Pakistani side in the talks with corporate leaders included Minister of Defence Chaudhry Ahmad Mukhtar, Minister Petroleum Syed Naveed Qamar, Foreign Secretary Salman Bashir, Ambassador Masood Khan, Ambassador at large for China Khalil Ahmad Khan, Secretary General toPresident Salman Farooqui, Secretary Commerce Zafar Mahmood,Spokesperson Farhatullah Babar Deputy Chairman Planning Commission DrNadim ul Haq, Minister of State Hina Rabbani Khar, Special Assistant Kamal Majidullah Chairman WAPDA Shakil Durrani, Chairman NHA ChaudhryAltaf Ahmad and General Manager Railways Ishfaq Khattak. Later today the President will leave for the Great Peoples Hall for meeting with President Hu Jintao.