Pak-China Investment Co aims to expand business

ISLAMABAD: The Investment Division & Board of Investment (ID&BOI) in collaboration with the Ministry of Finance organised Pak-China investment forum on Tuesday aimed at providing an interactive platform to the newly launched Pak-China Investment Company Ltd (PCICL) so that it can devise its business plan and expand its clientele.

The meeting was presided over by Privatization & Investment Minister Shahzada Alam Manoo while ID & BOI Acting Secretary Major Iqbal Ahmad (R), Ministry of Finance Investment Advisor Dr Junaid Ahmad along with other BOI officials were also present.

The prominent participants of the meeting were Chen Jianbo, CEO PCICL, Iqbal Ashraf, Managing Director PCICL, representatives of Plum Qingqi Motors Ltd, China Building Material Industrial Corp (CBMC), Harbin Power Engineering Company, CMPak Ltd and various other Chinese companies operating in the country.

Manoo said “China and Pakistan are strategic partners and have been cooperating in a number of large projects in the energy sector, mining, electronic and telecommunications and infrastructure projects including upgradation of the Pakistan Railways.” The minister was of the view that the establishment of Pak-China Investment Company is another important milestone in economic relations as the company shall play its role in unleashing the potential of Pakistan.