Many Chinese companies investing in Punjab province as part of CPEC: Provincial Industries Minister

By Shafqat Ali | Gwadar Pro Nov 22, 2021

LAHORE, Nov. 22 (Gwadar Pro)- Many Chinese companies are investing in the Punjab province as part of the China-Pakistan Economic Corridor (CPEC), a provincial minister said.

Punjab Provincial Minister for Industries, Commerce and Investment Mian Muhammad Aslam Iqbal mentioned the development in the province due to the gigantic CPEC.

According to an official statement, he expressed these views, while witnessing the signing of around 20 Memorandums of Understanding (MoUs) during Punjab International Business Conference held at Dubai International Financial City.

Punjab, he maintained, was fast becoming an investors’ destination because the province has not only attracted new international brands but the existing local and global players have also expressed satisfaction and enthusiasm by expanding their presence and operations.

The conference was organized by the Punjab Board of Investment and Trade (PBIT) as part of its' Punjab Ease Going Global’ initiative and promotion of Punjab at Pakistan Pavilion, Dubai Expo 2020. The Industries Minister hosted the conference on behalf of Punjab Chief Minister Sardar Muhammad Usman Buzdar. The conference focused on Punjab’s economic prowess and the numerous investment opportunities it presents to the world.

Provincial Minister for Finance Hashim Jawan Bakht, Provincial Minister for Higher Education and Information Technology Raja Yasir Humayun, Ambassador of Pakistan to the UAE Afzaal Mahmood were also present at the conference that was also attended by local dignitaries, members of the local and international business community, Pakistani diaspora and investors from the UAE.

Mian Aslam Iqbal introduced two new initiatives being undertaken by the Punjab government in an effort to promote and facilitate investments and start-ups in the province. The first initiative is the Investment Portal, an online resource centre that is being launched to help investors and business community in Pakistan and abroad.

This is being launched in parallel with the start-up moot and project exhibitions being displayed at the Pakistan pavilion to ensure timely facilitation of actual or potential investors.

The second initiative is the UAE Help Desk, an office space being set up in the United Arab Emirates by the Punjab government that aims to attract investment to Punjab from the UAE business community.

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