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Chinese businessmen keen to explore areas for investment

Recorder Report

Islamabad: A 10-member Chinese businessmen delegation from different state enterprises, led by Vice Chairman of China Council for the Promotion of International Trade, Ma Yue, show interest in exploring more areas of collaboration by both the countries for investment and trade.

Ma Yue informed this to acting secretary, Board of Investment, Ahmed Shamsul Huda, who was briefing the Chinese delegation about the investment opportunities and policies.

Ma Yue said that the Chinese Council (CCPIT) was a body authorised by the Chinese government to explore possibilities of Chinese investment abroad and vice versa.

He described the existing mutual investment between China and Pakistan as much more than enough and stressed the need for increased economic collaboration between the two countries.

BOI acting secretary gave a an hour-long presentation to the Chinese delegation about the liberal investment policy, various incentives and facilities offered to the investors in Pakistan.

He also explained in brief the viable projects for investment in Pakistan in various sectors including ports and shipping, energy, infrastructure, electronics, education, health and petroleum.

A set of summary of sectoral studies was also provided to the leader of the delegation done by the BoI in the field of electronics and information technology, hydropower, environmental and infrastructure, telecommunications, pulp, paper and packing industry, fishing, fish processing and fish farming.

Huda further informed the delegation that with the introduction of economic reforms package by the present government there were signs of improvement in our economy.

The stable dollar-rupee parity, upward trend in share market and 13.5 percent increase in the foreign investment in January this year are the indicators of confidence of investors in Pakistan economy.