MoU signed for China Pakistan Investment Initiative
KARACHI: At the conclusion of the visit by a delegation of companies from China, led by Sha Zukang, Pakistan, China Friendship Association, BMA Capital Management Limited, Gomtazy Capital Partners Limited and International Green Economy Association, signed a memorandum of understanding for the establishment of China Pakistan Investment Initiative (CPII).
The CPII provides for ongoing support and services to companies from China seeking to invest in or do business in Pakistan with reciprocal services to Pakistani companies. The visit, organized by the Pakistani Embassy in Beijing, in addition to presentations on Pakistan’s sector based investment case, comprised B2B meetings in Islamabad, Lahore and Karachi.
Various Federal and Provincial Government Ministries coordinated closely to make the visit a success. Sha Zukang followed by saying “China is very confident in Pakistan’s future and hence has invested more in Pakistan than it has any other Asian country.
He further emphasized that they have come to Pakistan due to their confidence in it and will continue to keep bringing groups of private sector companies to explore opportunities. Building on what Munir Akram said Sha Zukang emphasized how concrete and tangible results with the private sector were of highest importance. To ensure the same CPII is being created, to facilitate and follow up on any projects and investments from either side.”
Ambassador Munir Akram thanked Sha Zukang for making it to Pakistan after many years. He spoke about Zukang’s many contributions, both diplomatic and conventional, in the development of Pak China relations. He went on to say that, “it is imperative that we establish a process to follow up on either side for tangible and concrete results of various MoU being signed”.