Pakistani Habib Bank Limited (HBL) and China Machinery Engineering Cooperation (CMEC) on Tuesday afternoon signed a Memorandum of Understanding (MoU) to enhance cooperation at the conclusion of China-Pakistan Economic Corridor (CPEC) Industrial Cooperation Business-to-Business (B2B) Investment Conference here.
The Board of Investment (BOI), in collaboration with the Punjab government organized the B2B Investment Conference where Minister of State and Chairman BOI Muhammad Azfar Ahsan and Secretary BOI Fareena Mazhar were the keynote speakers, while other speakers included Special Assistant to Prime Minister (SAPM) on CPEC Affairs Khalid Mansoor, Chinese Ambassador to Pakistan Nong Rong, Pakistani Ambassador to China Moinul Haque and Minister of Industries and Commerce Punjab Mian Aslam Iqbal.
Speaking at the conference, Chairman of BOI highlighted that CPEC Industrial Cooperation is all-inclusive in its scope and open to third party participation and invited the business community from China and all over the world to invest in Pakistan’s economic sectors.
Ahsan stressed that Pakistan had a liberal investment regime and apprised the participants on the various investor friendly policies recently introduced by the incumbent government including electric vehicle policy, mobile manufacturing, construction sector policies, sole enterprise Special Economic Zone, regulations 2020, SEZ Zone Enterprise Admin and Sale/Lease/Sublease of Plot Regulations 2021.
The Chairman also informed the participants about “Pak-China B2B Investment Portal” which has been developed by BOI in collaboration with China Council for International Investment Promotion and both local and Chinese companies are being encouraged to register for creating the possibility of materializing potential Joint Venture (JV) opportunities.
“Pakistan accords top priority to the development of Special Economic Zones under CPEC,” he remarked.
