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BoI, Chinese Counselor discuss progress of MoUs

Published Updated

saleem_mandviwalla_400ISLAMABAD: Minister of State and Chairman Board of Investment, Saleem Mandviwalla on Friday held a special meeting with Commercial Counselor of China to discuss the plan for pursuing 40 Memorandum of Understandings (MoUs) signed so far.

Mandviwalla also informed the counselor about the responsibility assigned to him by President to produce results out of MoUs signed

between Pakistan and China during the visits of President of Pakistan to China and Chinese Premier Wen Jiabao's visit to Pakistan.

He said that both leaders are concerned to mature the agreements on urgent basis and suggested that all the private and public organizations holding MoUs and agreements with Chinese companies would be called for a meeting to present the progress on all accords.

It is noted that BOI witnessed MoUs of more than US$.10,300 million with Chinese companies during the Pak-China Business Summit 2010.

A special committee, comprising BOI and Chinese officials started working on accomplishing these accords before the visit of Chinese President this year.

Copyright APP (Associated Press of Pakistan), 2011

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