China-Pakistan
Pakistan deputes new counselors in China to attract investment
Islamabad: Pakistan has deputed new counselors in China to promote foreign investment in industrialisation under the second phase of the latter-financed economic projects in the south Asian economy, a move seen as a measure to strengthen the relationship between the two neighbours.
China has been financing infrastructure development in neighbouring Pakistan since 2013 to connect its western part with the rest of the world.
Under its ambitious Belt and Road initiative, works on China-Pakistan Economic Corridor (CPEC) projects resulted in a network of roads and new power generation, reports The News International.
To further Pakistan’s investment objectives of Industrial Co-operation with China, BOI has appointed eight Honorary Investment Counselors in different regions of China. They are people from business and other related fields and will play an imperative role in apprising
— Abdul Razak Dawood (@razak_dawood) July 10, 2021
The next phase under the CPEC framework is cooperation in agriculture and industrial sectors. Despite all efforts, the project is taking a slow start with the Pakistani government stressing its openness to investment from across the word and not just China, the Pakistani newspaper reported.
Adviser to Prime Minister for Commerce and Investment Razak Dawood tweeted: "To further Pakistan’s investment objectives of Industrial Cooperation with China, BOI has appointed eight Honorary Investment Counselors in different regions of China. They are people from business and other related fields and will play an imperative role in apprising."
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