Pakistan China Investment Agreement for New Projects

Pakistan China Investment Agreement

Pakistan-China Investment Agreement for New Projects

ISLAMABAD: To encourage investment in important projects, the National Bank of Pakistan and China Pakistan International Silk Road Industry Investment Management Company Ltd. have inked an MOU.

Pakistan, China Investment Agreement

The objective of this agreement is to:

  1. Promote industrial collaboration.
  2. Support the creation of special economic zones.
  3. Increase bilateral trade.
The agreement signing ceremony was held at the Pakistan Embassy.
The signing event was attended by Economic Minister Aslam Chaudhary, Liu Jiang Hua of China-Pakistan International Silk Road Industry Investment Management Company Limited, members from Dan Zhou Government, Hai Nan Province, Zhang Yu Bo, MCC, and the Bank of Tianjin.
The delegates were briefed by the Economic Minister about the government incentives available to draw in foreign investment, particularly from China. In order to take advantage of the favorable accords Pakistan has struck with other nations, he stated, “SEZs are being established across Pakistan where Chinese enterprises could relocate their industry and export products to different countries.”
Furthermore, he emphasized that the government prioritizes industrialization in the second phase of the China-Pakistan Economic Corridor and provides chances in a variety of sectors. He asked Chinese businesspeople to come to Pakistan and take advantage of available facilities and incentives to establish industrial operations.
Sheikh Muhammad Shariq stated that the NBP is a major lender to CPEC projects and handles a significant amount of bilateral commerce between China and Pakistan. “We also have the largest portfolio of corporate and investment banking in Pakistan,” he added.
Aslam Chaudhary stated that the MoU will facilitate Chinese investment in various projects and enhance bilateral industrial cooperation.
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