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Strengthening Pak-China economic relations

The Consul General, Li Bijian, praised the BOI for meeting with Chinese and Pakistani associations in Karachi and overcoming the gap between the two nations' private sectors.

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Pakistan and China have a long economic history which is still continued, and both the countries have agreed to strengthen the business and economic relations and industrial cooperation for joint ventures.

The agreement was achieved during a meeting in Karachi between the Board of Investment delegation led by Additional Secretary and the Chinese Consul General, Li Bijian.

The Consul General, Li Bijian, praised the BOI for meeting with Chinese and Pakistani associations in Karachi and overcoming the gap between the two nations’ private sectors.

Moreover, he lauded the BOI’s initiatives toward attracting high-quality FDI through concrete steps.

Read more: China: Pakistan’s true friend?

One example is the BOI’s initiative, in collaboration with the All-Pakistan Chinese Enterprise Association and the Chinese Embassy, to establish the Pakistan Business and Investment Forum, which was praised by President Xi Jinping during the Pak-China joint statement.

The Consul General stated that this forum would help to resolve the problems of Chinese companies, while also promoting engagement between Pakistani and Chinese enterprises. He appreciated the B2B CPEC investment conferences organized by BOI in Karachi, Lahore, and Peshawar. He also invited the BOI to take these endeavors to China as well for promoting the bilateral investments.

The BOI’s Additional Secretary informed that the Government of Pakistan has proposed establishing a G2G SEZ in Pakistan in conjunction with China to assist the influx of Chinese industries relocating to Pakistan.

He also highlighted that BOI had eased the work visa process and visit visa and persuaded the Chinese investors and companies to apply for the work visa. The Project Director of CPEC-IC said that the BOI has presented a list of 30 Chinese projects open for investment in Pakistan to the local chambers.

The CG was pleased, and he offered to push Chinese firms to be even more forthcoming in disclosing collaborative potential. Thus, with the assistance of the BOI, Chinese missions in Pakistan, and the PCBIF, meaningful joint ventures between companies from both sides may be formed.

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