ISLAMABAD: Federal Minister for Board of Investment Qaiser Ahmed Sheikh held a significant meeting with Chinese Counsellor Yang Guangyuan at the Board of Investment on Monday. The discussions centered on enhancing bilateral investment cooperation under CPEC Phase-II, with a particular focus on attracting tangible investment from Chinese private sector companies in manufacturing and industrial development.
Focus on Private Sector Engagement
Both sides reviewed the progress of ongoing Special Economic Zones (SEZs) and explored strategies to transform them into successful models of industrial growth. The federal minister highlighted the importance of private sector engagement, stating that CPEC Phase-II offers significant opportunities for Chinese enterprises to invest in Pakistan's industrial sector. He emphasized that achieving meaningful investment outcomes requires stronger coordination, improved communication, and enhanced trust among stakeholders.
Addressing Information Gaps and Security Concerns
Qaiser Ahmed Sheikh stated that both sides agreed to further work on addressing information gaps and security concerns to remove barriers to investment. Chinese Counsellor Yang Guangyuan appreciated the efforts of the Board of Investment and noted that addressing the information gap is essential for attracting Chinese investors. He remarked that while multiple delegations visit Pakistan, the conversion into tangible investment remains limited. He emphasized that the Board of Investment, in collaboration with the Chinese Embassy, can play a key role in raising awareness and facilitating effective linkages between investors and relevant authorities.
Importance of Honoring Commitments
The counsellor stressed the importance of honoring commitments, stating that all assurances made to investors must be fulfilled. He encouraged close coordination with the Chinese Embassy, noting that projects endorsed by the Embassy carry greater reliability and confidence for Chinese investors. Both sides agreed to strengthen institutional collaboration, whereby the Board of Investment will share project details in advance with the Embassy, and the Embassy will provide a curated list of potential Chinese investors. This coordinated approach will ensure more effective matchmaking and improved investment outcomes.
Positive Outcomes from UK Visit
The federal minister also highlighted the positive outcomes of his recent visit to the United Kingdom, where overseas Pakistanis showed strong interest in investing in Pakistan. He noted that Pakistan's global perception has improved significantly, creating a favorable environment for foreign investment.
Security as a Top Priority
Additional Secretary Ms Erfa Iqbal emphasized that security remains a top priority. She stated that the Board of Investment can facilitate coordination with relevant Pakistani security institutions, including the Ministry of Interior, to ensure enhanced security arrangements for Chinese investors and officials.
Developing Success Stories in SEZs
It was also emphasized during the meeting that success stories within SEZs need to be developed to build investor confidence and showcase Pakistan's industrial potential under CPEC Phase-II. The federal minister extended a special invitation to the Chinese counsellor to visit his hometown, Chiniot, which is renowned for its globally recognized handcrafted furniture industry and offers strong potential for export-oriented investment.
Commitment to CPEC Goals
Both sides reaffirmed their commitment to the goals of CPEC, noting that just as Phase-I successfully delivered critical infrastructure, Phase-II aims to achieve industrial development and economic growth through enhanced investment collaboration. The upcoming visit of the Prime Minister was also discussed as an important opportunity to further strengthen bilateral economic ties. The meeting concluded with a mutual understanding to continue close cooperation in advancing investment initiatives and ensuring tangible outcomes under CPEC Phase-II. Board of Investment remains committed to facilitating and promoting foreign investment in Pakistan.
