ISLAMABAD: A Board of Investment (BoI) mission on Friday held a meeting with the Chinese consul general in Karachi, Li Bijian, to review the progress on enhancing collaboration between Pakistani and Chinese enterprises.

In the ambit of the recently signed ‘Framework Agreement on Industrial Cooperation’ provided by the China-Pakistan Economic Corridor (CPEC) initiative, the two countries have now sped up the process of creating a conducive environment for business-to-business, joint ventures, and match-making to bridge the gap between private sectors.

For its part, the BoI has circulated a list of thirty Chinese projects that are ready for investment in Pakistan to the major chambers of commerce and industry in the country. As a follow-up, BoI officials have also held meetings with the Chinese and Pakistani associations in Karachi.

BoI Executive Director General Kashishur Rehman proposed building a government-to-government special economic zone (SEZ) between Pakistan and China in order to facilitate the influx of Chinese industries relocating to Pakistan.

The Chinese diplomat was appreciative of the BoI’s move to circulate ready-to-invest projects in Pakistan’s trade and industry circles, and told BoI officials that he had offered to encourage the Chinese companies to be even more forthcoming in sharing collaboration opportunities.

The meeting resolved that with the support of BoI, Chinese missions in Pakistan and PCBIF, meaningful match-making and joint ventures could be concluded between the private sectors of the two countries.

Mr Rehman informed the Chinese envoy about the commitments made by the National Development and Reforms Commission of China to engage provincial and local governments of China in promoting industrial cooperation at all levels. He said BoI has already simplified the work visa process and visit visas and encouraged Chinese investors and enterprises to apply for work visas.

Published in Dawn, August 13th, 2022

Now you can follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

More than economics
Updated 05 Oct, 2022

More than economics

Ishaq Dar’s appointment is but a sign of the paradigm shift in economic policymaking.
Dens of corruption
05 Oct, 2022

Dens of corruption

MOST prisons in Pakistan are a microcosm of the inequitable and exploitative world outside their walls. A probe by...
Football tragedy
05 Oct, 2022

Football tragedy

SPORTS arouses the rawest of human emotions. Football is no exception — in fact, the passions on display at...
Cipher inquiry
Updated 04 Oct, 2022

Cipher inquiry

Inquiry will likely end nowhere, or, worse, be used as a tool of victimisation.
Further delay?
04 Oct, 2022

Further delay?

KARACHI Administrator Murtaza Wahab’s announcement that the second phase of Sindh’s LG polls — primarily...
Losing to England
04 Oct, 2022

Losing to England

AFTER tantalisingly close finishes in the fourth and fifth matches against an England side visiting the country for...