BOI minister for strengthening interaction with Chinese leadership, institutions to advance ties

ISLAMABAD  –  Federal Minister for Board of Investment Qaiser Ahmed Sheikh met with Dr Li Kouqing, Deputy Director of the CAREC Institute, and Dr Ghulam Samad, Chief of the Research Division, to discuss oppor­tunities for enhanced cooperation, invest­ment promotion and economic collabora­tion between Pakistan and China.

During the meeting, the minister wel­comed the delegation and appreciated Dr Li Kouqing’s efforts to strengthen institu­tional engagement and promote econom­ic cooperation. Recalling his participation in a CAREC event held last year in Urumqi, China, the minister expressed his grati­tude for the efforts made by the CAREC leadership in facilitating his meeting with the Chinese finance minister on the side­lines of the event. He underscored the importance of sustaining such engage­ments and expressed his desire to further strengthen interaction with Chinese lead­ership and institutions to advance mutu­ally beneficial economic ties.

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Dr Li Kouqing expressed his interest in exploring further avenues of coopera­tion between the CAREC Institute, the BOI and relevant government institutions. He highlighted the importance of promoting dialogue on investment opportunities, economic development and regional co­operation. He also proposed organising similar events and engagements in differ­ent cities across Pakistan to bring togeth­er policymakers, researchers, investors and business communities and to high­light the country’s investment potential.

Welcoming the proposal, Sheikh as­sured the delegation of the government’s full support and facilitation in organising such initiatives. He emphasised that clos­er institutional collaboration and direct engagement with investors could help im­prove awareness of Pakistan’s economic potential, identify promising sectors and encourage greater investment flows. He noted that international investors are increasingly interested in exploring op­portunities in the Pakistani market. The minister also highlighted the importance of upcoming international and regional engagements in promoting Pakistan as an investment destination. He informed the delegation that Pakistan is scheduled to host the SCO Summit next year, with Chinese President Xi Jinping expected to attend. A business forum is also planned alongside the SCO-related engagements. Furthermore, he shared that a Pakistan Tech Forum is planned for next month.

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Qaiser Ahmed Sheikh reiterated that government of Pakistan remains commit­ted to supporting domestic and foreign investors through improved coordination, streamlined processes and assistance in identifying viable investment opportuni­ties. Meanwhile, the Pakistan-China Busi­ness Forum (PCBF) celebrated the 77th anniversary of the founding of the People’s Republic of China, bringing together ap­proximately 150 dignitaries, government representatives, Chinese diplomats and prominent business leaders to strengthen bilateral economic cooperation and pro­mote investment-led industrial develop­ment. Addressing the gathering, Adviser to the Prime Minister on Industries and Production Haroon Akhtar Khan said Pakistan and China enjoyed a longstand­ing friendship founded on mutual trust, respect and shared interests. He empha­sised that the next phase of bilateral co­operation must translate this historic re­lationship into tangible outcomes through industrial investment, technology trans­fer, manufacturing and export growth.

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He said the government was commit­ted to facilitating Chinese investors and strengthening business-to-business co­operation to convert investment interest into commercially viable projects. A ma­jor highlight of the event was the signing of a MoU between GU GO MOTORS and SHENGTANG GROUP for a proposed joint venture to manufacture electric buses in Pakistan. The proposed initiative aims to promote technology transfer, develop local manufacturing capabilities and ex­plore opportunities to produce export-ready vehicles under the Made in Paki­stan banner. The event was attended by a 14-member Chinese business delega­tion led by Wei Linzhuo, President of the PCBF Beijing Office. Organised by PCBF under the coordination of its Islamabad Chapter, led by Co-Chairman Sheikh Ejaz, the delegation is undertaking an 11-day business mission covering Islamabad, Lahore and Karachi. The delegation is exploring potential partnerships across a broad range of sectors, including electric vehicles, lithium-ion batteries, charging infrastructure, manufacturing, tourism, trade centres, China Pavilions, electrical appliances, building materials, mineral equipment and pharmaceuticals. Sheikh Ejaz noted that PCBF’s network of 20 of­fices across Chinese cities provided ac­cess to extensive business and investor networks. Chinese Ambassador Jiang Zaidong expressed interest in strengthen­ing direct engagement between Chinese investors and Pakistani businesses to identify new opportunities for bilateral trade and investment. Representatives and stakeholders from the CDA, SIFC, BOI and other relevant ministries and institu­tions also attended the gathering.

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