ISLAMABAD – China and Pakistan agreed to revive the cooperation in order toensure investment promotion in prioritized sectors such as InformationTechnology, Textiles and Agro-based products. Chairman Board of Investment(BoI), Haroon Sharif met the Director General of Investment PromotionAgency (CIPA) of Ministry of Commerce of the People’s Republic of China,Liu Dianxun on Friday at Beijing.
Haroon Sharif discussed revival of a Memorandum of Understanding (MoU) withthe Director General of Investment Promotion Agency (CIPA), Liu Dianxun forbring foreign investment in the country, said a press release issued by BOIhere.
He further said, “We at the Board of Investment encourage our Chinesefriends to invest in Pakistan.In addition to the existing notified 7Special Economic Zones (SEZs), Pakistan is planning to develop new SpecialEconomic Zones (SEZs) under China Pakistan Economic Corridor (CPEC).”He said that development of Rashakai SEZ is a milestone and a first steptowards implementation of industrial cooperation under CPEC.
Industrial Cooperation was prioritized by the incumbent government with agoal to start implementation of Special Economic Zones (SEZs) this year”,the Chairman informed.He said that BoI had received concrete investment proposals from local andforeign investors who are interested to invest in Pakistan’s prioritysectors having immense potential for investment; Agro-based Food &Industry, Value added Textile, Tourism and hospitality, IT sector, LightEngineering, and Logistics.
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Chairman BoI informed that Pakistan has initiated a reform process tofacilitate foreign investment in the country.The BOI team aims to include Pakistan in the list of top 100 economics inEase of doing Business (EoDB) by 2020, he added.
He further intimated that BOI has established a dedicated unit with the aimto facilitate investors in materializing their projects in Pakistan in atransparent, timely and efficient manner.Haroon Sharif is visiting China, accompanying Prime Minister Imran Khan toparticipate in the 2nd Belt and Road Forum, being held in Beijing, China.
