CPEC Authority today hosted a meeting of the Chinese Companies working in Pakistan at its auditorium. Mr. Asad Umar

Dated : 15 November 2021

CPEC Authority today hosted a meeting of the Chinese Companies working in Pakistan at its auditorium. Mr. Asad Umar, Minister for Planning, Development & Special Initiatives, Mr. Khalid Mansoor SAPM on CPEC Affairs, Chairman Board of Investment (BOI), and Ambassador of China to Pakistan attended the meeting which was participated by CEOs and representatives of over 70 Chinese companies. A number of companies joined through video links as well.


Special Assistant to the Prime Minister on CPEC Affairs briefed the participants on the latest developments with regard to CPEC and stated that Phase-II of the CPEC is aimed to enhance the bilateral cooperation in Industrial, Technological and Agricultural sectors. He said that business-to-business collaboration would be a hallmark of this phase of CPEC.


He highlighted that 4 out of a total of 9 agreed on Special Economic Zones (SEZs) along with Gwadar Free Zone under the auspices of CPEC are at an advanced stage of development and investors have started to populate these SEZs. Pakistan offers regionally competitive incentives in SEZs including 10 years’ income tax exemption and exemption of customs duty on import of capital goods. He further stated that CPEC Authority is setting up a facilitation center for CPEC investors.


Mr. Asad Umar, Federal Minister for Planning, Development & Special Initiative encouraged Chinese investors to explore more investment opportunities in Industrial, Agricultural, and Information Technology areas. He said that due to the special relationship between Pakistan and China, the Government and people of Pakistan would wish to see much greater investment from China. He solicited the support of Chinese Companies working in Pakistan in order to attract more foreign direct investment from China in the country.


The Ambassador of China expressed his appreciation for the event which brought together all the Chinses companies. He said that Chinese enterprises will work closely with CPEC Authority to increase their business and investment activities in Pakistan.


CEOs of various companies also spoke on the occasion and presented their ideas and suggestions for consideration by the Government.