CPEC Phase-II aids Business collaborations

As predicted that business-to-business collaboration would be a hallmark of the second phase of the China-Pakistan Economic Corridor (CPEC), Special Assistant to the Prime Minister on CPEC Affairs Khalid Mansoor meet with representatives of over 70 Chinese companies.  Khalid Mansoor briefed participants about the latest developments with regard to the CPEC and as the Phase-II of the CPEC is aimed to enhance the bilateral cooperation in industrial, technological and agricultural sectors. Since, Pakistan offers regionally-competitive incentives in SEZs including 10 years’ income tax exemption and exemption of customs duty on import of capital goods; this will harvest fruitful results in coming days. Moreover, CPEC Authority is setting up a facilitation centre for CPEC investors. Mr. Asad Umar encouraged Chinese investors to explore more investment opportunities in industrial, agricultural, and information technology areas. The Pak-China collaboration would wish to see much greater investment from China in near future. The Chinese ambassador being present in the meeting appreciated the initiatives being taken by Chinese enterprises. This shows the eager urge to work closely with the CPEC Authority to increase business and investment activities in Pakistan.