PBIT and Chinese company CheezMall sign MoU

PBIT and Chinese company CheezMall sign MoU

LAHORE, June 11 (APP): PBIT and Chinese company CheezMall sign MoU


The Punjab Board of Investment and Trade (PBIT) here on Saturday inked a Memorandum of Understanding (MoU) with Chinese company Cheezmall (Pvt) Limited.


PBIT Chief Executive Officer (CEO) Ms Amena Cheema and Cheezmall CEO  Aurangzaib Khan signed the MoU document on behalf of their respective  sides.


Prior to the signing of the memorandum, Aurangzaib Khan praised the   PBIT and the government of Punjab for its focus on creating a business-friendly environment in Pakistan.


He added that good governance along with a much-improved security  situation had made Pakistan a pole of attraction for foreign investors, above all China.


On this occasion, Aurangzaib khan said that Cheezmall was a premier  online shopping service provider company based in Shanghai. The company, which has already established an office in Islamabad, was looking to  expand their operations in Pakistan, he said, asserting that Cheezmall  was particularly interested in collaborating with PBIT on various   e-commerce projects.


While, Ms. Cheema briefed the delegation on the tremendous potential  that existed regarding e-commerce in Pakistan. She noted that a large  number of Pakistanis had access to internet and that foreign companies should take advantage of the opportunities created by this development.