ISLAMABAD, June 30: A three-member Chinese business delegation led by Zhou Yong, the president of Xinjiang International Economic Corporation on Monday discussed investment opportunities with BoI secretary Dr Agha Ghazanfar and its senior executives.

According to a press release, Mr Bilal Janjua CEO of Globe Park Ltd. accompanied the delegation to explore the feasibility for joint venture in various sectors of Pakistan‘s economy.

The secretary, BOI, briefed the delegates that value-addition in textile, manufacturing and infrastructure, Energy and Small and Medium Enterprises (SMEs) are the potential sectors identified by the government where foreign companies can invest on 100pc equity or as a joint venture.

Dr Agha also apprised the delegates of various incentives offered by the government to encourage foreign investment. He informed them that investment policy of Pakistan ensured the security of the capital, easy transfer of the profit to the destination of investor‘s choice, consistency in policy and the overwhelming interest of the government to encourage foreign investment.

He briefed about the role of the BoI and the assistance it offers to the investors in establishing and running their business.

Globe Park Ltd, the local sponsors, had offered the Chinese delegation joint ventures as well as co-business in textile, mass transit & transport, two wheelers, Gwadar Port, Hydel Power, Communications, and medium enterprises development.

Mr Yong expressed his satisfaction over the BoI’s role and promised to re-visit with concrete business proposals after going through the policy guidelines and sectoral profiles, provided by the board.