Over the last several days, Pakistan and China have been discussing how to go forward with the China-Pakistan Economic Corridor (CPEC) and the Special Economic Zone (SEZ) projects.
In terms of SEZs and the CPEC, both parties were pleased with the progress of the Rashakai, Allama Iqbal, Dhabeji, and Bostan SEZs, in particular. According to an official statement from the Board of Investment, they were also pleased with the progress made so far (BOI).
Secretary BOI Fareena Mazhar and Director-General NDRC of China Ying Xiong co-chaired the sixth Joint Working Group (JWG) meeting held in Islamabad, Pakistan.
The conference was also attended by representatives from the Pakistani and Chinese embassies in Beijing and Islamabad.
According to the JWG’s sixth meeting, China’s provincial NDRCs participated actively and made presentations in order to boost business-to-business (B2B) cooperation between the two nations.
It has been agreed that the provincial BOI and investments of Pakistan’s provinces would be encouraged by the provinces of Zhejiang, Shandong, and Guangdong. NDRCs in the provinces have also agreed to work with the provincial BOIs in Pakistan to allow significant FDI and facilitate business-to-business (B2B) transactions.
The Geological Survey and Metallurgical Corporation of China submitted their sector partnership suggestions to the Chinese side, who expressed a significant interest in Pakistan’s mining industry.
PMDC (Pakistan Mineral Development Corporation) also gave a comprehensive presentation on the sector’s potential and investment possibilities for Chinese investors. PMDC
A government-to-government special economic zone (SEZ) and the CPEC tower in Islamabad were also proposed by the Board of Investments.