A strategic plan for joint ventures between Chinese and Pakistani companies has been developed, aiming to attract Chinese investment in seven significant sectors of Pakistan. The plan involves participation from 78 Chinese business organizations and 167 Pakistani companies in a major session anticipated to drive substantial investment progress.
This was highlighted in a briefing by the Board of Investment, chaired by Federal Ministers Abdul Aleem Khan and Jam Kamal Khan, according to a press release.
Federal Minister of Investment, Privatization, and Communications Abdul Aleem Khan emphasized the potential to increase Pakistan’s trade volume by one billion dollars through collaboration with Chinese companies. He noted that, compared to Bangladesh, India, Vietnam, and other regional countries, Pakistan offers more attractive investment opportunities for China.
Abdul Aleem Khan instructed the Board of Investment officials to promptly finalize joint venture details with interested companies. He suggested involving the Pakistani Embassy in Beijing to facilitate Chinese companies effectively. Additionally, he recommended that the Ministries of Foreign Affairs, Trade, Industry and Production, Food Security, and Maritime be included to ensure coordinated investment efforts.
The Minister stressed the importance of establishing new industries in industrial free zones or areas with sufficient electrical supply. He also called for the submission of the Pakistan-China trade roadmap to the Prime Minister for further guidance.
Commerce Minister Jam Kamal Khan reiterated the Ministry of Commerce’s commitment to fully support the Board of Investment in coordinating with Chinese companies.
The Federal Secretary for the Board of Investment briefed that the seven major sectors targeted for investment are medical and surgical equipment, plastics, clothing, leather industry, edible meat, fruits and vegetables, and waste and fodder sectors. He stated that the Board of Investment is well-prepared to invite Chinese companies and match them with Pakistani counterparts, with initial preparations already completed. A comparative review of various sectors was also presented during the briefing.
