The Federal Board of Investment (BOI) is organizing a China Pakistan Economic Corridor (CPEC) Industrial Cooperation Business to Business (B2B) Investment Conference tomorrow at PC Peshawar, KP. 1/5
The B2B Conference being organised by @investinpak tomorrow would focus on CPEC priority sectors to facilitate cooperation and linkages between Pakistani and foreign businessmen, and entrepreneurs. 2/5
Khyber Pakhtunkhwa (KP) Chief Minister (CM) Mahmood Khan, Chairman BOI Atif R. Bokhari @AtifRBokhari, Secretary BOI @fareena_mazhar, KP Finance Minister Taimur Saleem Khan Jhagra, international investors and foreign delegates will attend the event. 3/5
The B2B conference has been planned with aims at marketing sectoral investment opportunities in KP under the ambit of industrial cooperation under CPEC, to exhibit ready to launch products in different sectors, including SEZs of KP.
The day long B2B forum would cover different aspects but its primary purpose would remain on the exploration of Pakistan’s sectoral potentials. Those who cannot physically attend the event will be able to participate via video link.
(1/10). BOI paves the way for colonization in SEZs.
- AIIC Faisalabad SEZ Committee approves entry of 15 enterprises
- Colonization of Vehari SEZs begins with entry of 1st enterprise
- Rahimyar Khan SEZ Committee approves land allocation to a firm with Rs 4.5 bn investment plan
(2/10) After the launch of CPEC’s 1st SEZ, Rashakai SEZ, colonization of 2nd SEZ, Allama Iqbal Industrial City #AIIC Faisalabad begins with Rs.53.6 bn Investment. A meeting of AIIC SEZ Committee was held on 5th March 2021, approving to 15 applicants & allotting land of 320 acres.
(3/10) Applicants include a Chinese Firm Zhengbang Agriculture Pakistan Pvt Ltd with a plan Rs. 800 m investment. Amongst other 14 local firms, Zahid Jee Textile Mills, Ocean Ceramics & Ittehad Metals to initiate business establishments worth Rs.11.8, 11.2 & 7.5 b respectively.
Pakistan & China to sign Development Agreement of the First CPEC SEZ on Monday at the Prime Minister House, Islamabad.
The event would be attended by the Federal Ministers, Officials from line ministries and KP Govt and other stakeholders.
(2/10) Minister of State/ Chairman Board of Investment (BOI), @AtifRBokhari, said that signing of the Development Agreement #DA of #Rashakai#SEZ under CPEC would realize the vision of special economic zones’ development, ultimately leading to a prosperous & industrial Pakistan.
(3/10) Chairman BOI @AtifRBokhari highlighted the progress on SEZs under CPEC: sufficient headway has been made & the zones are now becoming ready for business. Pakistan’s proximity with China will allow these SEZs to foster economic interdependence for mutual economic advantage.
BOI played a key role in the signing of a tripartite MoU between state-owned enterprises including FIEDMC, Power China Jiangxi Electric Power Construction Co Ltd (JEPCC) -a subsidiary of Power China and Henan Zhonghui Electric Power Engineering & Consulting Co Ltd (HZEPEC)
Pak-China Industrial cooperation, compounded with the guidance of Chinese experts, will provide an excellent opportunity for Pakistan to strengthen its industrial capacity & capability.
CPEC's potential impact on Pakistan has been compared to that of the Marshall Plan by USA in post-war Europe. Analysts predict that CPEC will result in creation of upwards of 2.3 m jobs between 2015–2030, & add 2 to 2.5 % points to the country's annual economic growth.
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The future of Pakistan lies in export led growth strategy, which makes development of Special Economic Zones (SEZs) vital to improve the country's capacity and to complement the export requirements.