ISLAMABAD: The Prime Minister approved the joint venture for the transfer of Chinese industries to Pakistan.
An important meeting was held under the chairmanship of Muhammad Shahbaz Sharif on the affairs of the Board of Investment, in which the Prime Minister approved the joint venture of Chinese and Pakistani companies.
He said that the promotion of internal and external investment in Pakistan is the first priority of the government, the government is taking all possible steps to provide a business-friendly environment for businessmen and investors, China’s textile, leather, footwear and others. There is a lot of potential for relocation of industries in Pakistan.
During his visit to China, the Prime Minister directed to submit a comprehensive report on the progress of the MoU between Pakistani and Chinese companies in Shenzhen, and the perspective of the progress after the visit to China on the draft law of Special Economic Zones One Stop Shop. I also ordered revision.
In the briefing on behalf of the Secretary Investment Board, it was stated that steps are being taken regarding the relocation of Chinese industries in Pakistan, the services of Chinese experts are being obtained regarding the establishment of Islamabad Business Facilitation Center, easy business. The draft of the Act is soon being referred to the Cabinet Committee on Legislative Affairs.
Federal Minister for Privatization and Investment Abdul Aleem Khan, Federal Minister for Commerce Jam Kamal, Federal Minister for Finance and Revenue Muhammad Aurangzeb, Federal Minister for Petroleum Dr. Mossadegh Malik, Prime Minister’s Coordinator Rana Ehsan Afzal and relevant senior government officials attended the meeting.
