Provincial Minister for Industries and Commerce Chaudhry Shafay Hussain here Saturday chaired a meeting in which Punjab Board of Investment and Trade (PBIT), Tihal International Business Services Company (China) and KBM Group of Companies agreed to collaborate to bring direct Chinese investment to Pakistan particularly to Punjab.
The collaboration will focus on attracting direct Chinese investment in sectors such as information technology, construction, agriculture, manufacturing, and textiles.
In order to achieve this goal, a mutual agreement will soon be signed among the three organizations, and a framework for cooperation will also be developed. Implementation of this agreement will lead to increased investment by Chinese companies in Punjab.
On this occasion, Chaudhry Shafay Hussain highlighted that Punjab offers a highly favorable environment for investment, which is why both local and foreign investors are turning towards the province.—APP
