A well-known Chinese philanthropists Chen Guangbiao, also the CEO of a resources recycling company in east Jiangsu Province, donated one million yuan (146,821 U.S. dollars) to Pakistani flood victims on Tuesday.

"Pakistan is a friendly neighbor of China and I want to help the Pakistani people get through the disaster," said Chen at the donation ceremony.

"I hope other entrepreneurs, in China and abroad, could also lend a helping hand to the suffering Pakistani people," Chen said.

Pakistani ambassador to China, Masood Khan, accepted the donation and expressed his deep appreciation of the timely support from China.

We are very appreciative of Mr. Chen's kind deed, as well as many other Chinese citizens who have also acted in such a caring way, Masood Khan said.

China was one of the first countries to send relief to Pakistan after it was hit by the worst floods in 81 years. China also dispatched a 55-strong medical team last Thursday to help save lives.

In 2008, the 42-year-old philanthropist organized the first non-governmental rescue team to Wenchuan City, southwest China's Sichuan Province, two hours after a major earthquake. He also arranged rescue teams to go to Yushu after the quake there in April this year.

In May 2009, he built a public training center in eastern Nanjing City with an investment of 130 million yuan (19 million U.S. dollars) to promote public disaster awareness.