Federal Minister BOI hosts “Pak- China Iftar dinner”

The Federal Minister, Board of Investment (BOI), Chaudhry Salik Hussian hosted a "Pak China Friendship Iftar Dinner" here in Islamabad on April 18 to honour Chinese companies and investors working on different development projects in Pakistan.

H.E Pang Chunxue, Chargé d'affaires Chinese Embassy Islamabad from the Chinese side attended the event as the chief guest along with the Commercial Counselor, Li Yong. The heads of 17 prominent Chinese companies in Pakistan also participated in the event at the special invitation of BOI.

The Secretary, Asad Rehman Gillani, AS/EDG-II, Khashih-ur-Rehman Director General/PD CPEC-IC, Asim Ayub were also present. Prior to the iftar dinner, the Chinese companies held significant interactions with the Minister and Secretary, Board of Investment.

The Federal Minister welcomed the Charge d'affaire and apprised the audience of the Board of Investment's vision of fostering investment in the second phase of CPEC i.e., industrial cooperation, through B2B, P2P and Institute to Institute linkages, developing G2G Special Economic Zones with the Chinese government and enhancing Pakistan's role in the global value chain.

He also welcomed all the Chinese investors to register on Pakistan-China Business & Investment Forum (PCBIF) to learn about the sectoral policies, incentives and also submitting grievances, which will be addressed by a dedicated unit established at the Project Management Unit, China Pakistan Economic Corridor, Industrial Cooperation Development Program (PMU-CPEC-ICDP).

He informed that Pak China Business Investment Forum (PCBIF) is a joint initiative of BOI, All Pakistan Chinese Enterprise Association and the Chinese Embassy.

PCBIF was inaugurated last year under the witness of the Prime Minister and also received praise in Pak China joint statements.

The Charge d'affaire of the Chinese Embassy appreciated the initiative of building close linkages with the investors. She reaffirmed China's resolve to continue close cooperation in the second phase of CPEC.

She assured the Embassy's full support in attracting investment in the traditional and non-traditional sectors, while facilitating the Chinese companies' businesses in Pakistan.