Pakistan-China JV Project for Industry Relocation Gets PM Shehbaz’s Nod

News Desk6 days ago

He stated that encouraging both domestic and foreign investment in Pakistan was one of the government’s top priorities while presiding over a meeting to examine the Board of Investment (BoI)’s issues.

According to him, the government is making every effort to foster an atmosphere that is conducive to business for investors and dealers. During his recent visit to China, the prime minister gave the concerned party instructions to give a thorough report on the follow-up of the Memorandum of Understandings (MoUs) inked in Shenzhen between Chinese and Pakistani businesses.

Pakistan might become the new home for China’s textile, leather, footwear, and other sectors, according to PM Shehbaz. The BoI Secretary announced at the briefing that efforts were underway to move Chinese industries to Pakistan.

It was reported that the Cabinet Committee for Legislative Cases was to receive the text of the “Easy Business Act” and that Chinese specialists would be employed to help construct a Business Facilitation Center in the nation’s capital.

Read more: Imran Khan Party Responds to PM Shehbaz Call for Talks

The Prime Minister’s Coordinator, Rana Ehsan Afzal, Federal Minister for Petroleum Dr. Musadik Malik, Federal Ministers for Finance and Revenue Muhammad Aurangzeb, Abdul Aleem Khan, Federal Minister for Commerce, and other senior government officials attended the meeting.

A delegation of Chinese professionals from a variety of sectors was earlier said to be planning a visit to Pakistan at the end of June with the goal of promoting innovation, technology transfer, and capacity building.

The prime minister directed Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal to preside over a high-level meeting in advance of this visit.

In order to optimize the advantages of the experts’ visit, Ahsan Iqbal gave the ministries instructions to create a thorough plan of action.

The emphasis, he stated, will be on developing the expertise of Pakistani professionals via training and knowledge exchange, drawing on China’s experience in innovation and technical breakthroughs, tailoring creative solutions to Pakistan’s unique requirements, and enhancing skills in important areas.

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