A strategic framework for joint ventures between various Chinese and Pakistani companies has been developed. According to the details, Chinese companies will be invited to invest in seven major and important sectors in Pakistan. Seventy-eight business organizations from China and 167 from Pakistan will participate in this significant session, which is expected to make substantial progress in the investment sector. This was conveyed during a briefing at the joint meeting of the Board of Investment, chaired by Federal Ministers Abdul Aleem Khan and Jam Kamal Khan.
Federal Minister of Investment Board, Privatization, and Communications Abdul Aleem Khan stated that with the cooperation of Chinese companies, Pakistan’s trade volume could increase by one billion dollars. He emphasized that, compared to countries like Bangladesh, India, and Vietnam, Pakistan presents a more attractive and important investment opportunity for China given the current conditions.
Aleem Khan directed the senior officials of the Board of Investment to finalize the details with companies entering joint ventures for mutual investment immediately. He added that the Pakistani Embassy in Beijing should be involved to facilitate Chinese companies effectively. He stressed the need for coordinated efforts from the Ministries of Foreign Affairs, Trade, Industry and Production, Food Security, and Maritime Affairs to ensure maximum investment cooperation. He suggested that new industries should be established in industrial free zones or areas with ample electricity supply.
During the briefing, the Federal Secretary for the Board of Investment detailed the seven major sectors in Pakistan, which include medical and surgical equipment, plastics, clothing, leather industry, edible meat, fruits and vegetables, and waste and fodder. He assured that the Board of Investment is fully prepared to invite Chinese companies and partner them with Pakistani counterparts, with initial groundwork already completed. A comparative review of various sectors was also presented during the briefing.
