CPEC Industrial Cooperation B2B Investment Conference held in Islamabad
Over 100 Chinese companies from various sectors and over 400 Pakistani businessmen attended the ‘CPEC Industrial Cooperation B2B Investment Conference’ held in Islamabad on March 14.
The Federal Board of Investment, in collaboration with the Government of Sindh and Pakistan China Business & Investment Forum organized the conference.
Chairman and Minister of State, Board of Investment, Muhammad Azfar Ahsan welcomed the investors and informed that through B2B initiatives under CPEC, Pakistan and China will foster the Investment under the second phase of CPEC.
Secretary Board of Investment Fareena Mazhar appraised the positive prospects of investment in Pakistan and presented the opportunities in the Special Economic Zones that provide incentives pivotal for attracting the Investment from abroad, specially from China.
Advisor to Prime Minister on Commerce and Investment Abdul Razak Dawood, Secretary Board of Investment (BOI), the Consul General of China in Karachi Li Bijian, Chief Secretary of Government of Sindh Syed Mumtaz Ali Shah, Special Assistant to Prime Minister of CPEC Affairs Khalid Mansoor, Sindh Minister of Industries, Commerce Jam Ikramullah Khan Dharejo, & Anti-Corruption Establishment attended the conference,.
The Industrial Commercial and Cooperation Bank of China (ICBC) shared the role of the Pak China Business and Investment Forum.
A signing Ceremony of Service Long March Tyre, a joint venture between Pakistan and China, facilitated by the BOI was also signed.
Following the first session, special B2B meetings were arranged in the sectors of Information Technology, Agriculture, Transport and Urban Development under Public Private Partnership, Automobiles, Pharmaceuticals and Special Economic Zones (SEZs).
The Government of Sindh and BOI presented the investment opportunities in these sectors which was followed by presentations from Major Chinese and Pakistani Companies. These companies included, China Machinery (CMEC), China Railways (CREC), China Construction (CCECC), China Road and Bridge Cooperation (CRBC), BYD Autos, the largest EV manufacturer of China, Cansio Bio, Zong, China Mobile, NORINCO and Ali Baba Global, to name a few.
The Pakistani and Chinese companies had fruitful communication with each other, as well as with the Sindh and Federal Government. Major JVs are expected in the future through this event. Previously, similar event had also been arranged in Lahore and Peshawar that also reaped several fruitful results. As the CPEC phase II has been in vigor, this event received a warm welcome from the Business circles, as well as at the diplomatic and government level.