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Chairman Punjab Board of Investment and Trade met Chinese delegation and discuss matters related to CPEC; he stated that CPEC is a project which shall reap long lasting benefits to the people of Pakistan as well as China. Its pivotal focus is to further strengthen the brotherly relations and help the region economically. Hence concrete steps are being taken to generate conducive environment for flourishing economic activities.
He briefed the delegation with the importance and contributions of the province of Punjab in Pakistan's economy, as Punjab contributes approximately 60% in Pakistan's GDP with 68,000 functional industrial units with 3 economic zones which have already been announced while another 7 are in the planning phase. He also briefed that quite a few Chinese companies are already engaged in business activities within these economic zones.
Chairman PBIT reiterated that measures to further improve the economic infrastructure are being undertaken by Punjab's government. Projects related to Agriculture, Food processing, Low Cost Housing, Dairy, Livestock, and Auto manufacturing, Health and Education sectors have huge potential and prospect investors may benefit from. Further, he also briefed the Chinese delegation of immediate investment opportunities that lies within Allama Iqbal Industrial City at Faisalabad under the CPEC framework.
The Chinese delegation appreciated the efforts of Chairman PBIT Sardar Tanveer Ilyas for promoting conducive environment for Trade and Investment in Punjab and assured him that Chinese investors have keen interest to invest in projects through which both brotherly nations shall benefit. Sardar Tanveer also reciprocated by assuring to take all possible steps to facilitate Chinese investors in an unprecedented manner.-PR

Copyright Business Recorder, 2019

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