CPEC: B2B conference expected to serve as a bridge between Pakistani and Chinese stakeholders, says Ambassador Nong Rong

Islamabad: China-Pakistan Economic Corridor (CPEC) Industrial Cooperation Business to Business (B2B) Investment Conference next month is expected to serve as a bridge between the Private and Public sector stakeholders of Pakistan and China, Chinese Ambassador to Pakistan Nong Rong said.

In a meeting with Minister of State and Chairman Board of Investment (BoI) Muhammad Azfar Ahsan, Ambassador Nong Rong remarked that the conference, which is being organized the BOI in Lahore in December, will have the full backing of the Chinese embassy.

“The conference may serve as a bridge between the Private and Public sector stakeholders of both Countries. A satisfied Chinese investor is the ambassador of Pakistan in China,” he maintained.

Both sides agreed to ameliorate the experience of the existing investors, while reaching out globally for marketing Pakistan as an attractive investment destination. The endeavors taken together will be pivotal for advancing the second phase of CPEC that focuses on ‘Industrial Cooperation.’

Ambassador Rong congratulated the Chairman BoI on his appointment and both sides exchanged views on Chinese Investment and Industrial Cooperation in Pakistan.

The BoI Chairman, on the occasion, expressed his full support for the Chinese Investment in Pakistan. “Now is the time to focus on enhancing the Global Outreach of Pakistan, where the first step would be about fostering communication with the potential and existing investors and the second step would consist of following up with them for ensuring quality investment flows to Pakistan,” the Chairman underscored.

Both sides agreed that for achieving the above goal, it is essential to conduct Business to Business events and establish forums enabling the matchmaking of foreign and local businesses, their facilitation and the showcasing of investment opportunities in Pakistan.

For this, both sides discussed the launch of Pak-China Businesses and Investment Forum (PCBIF), the latter, under the patronage of the Board of Investment, the Chinese Embassy and All Pakistan Commercial Exporters Association (APCEA) will comprise prominent Pakistani and Chinese enterprises.

The forum will enhance exchanges and communication among the businesses of the two countries; thereby, opening up the avenues of cooperation.

Secretary, BoI Fareena Mazhar and the Project Director CPEC (Industrial Cooperation) BoI Asim Ayub also attended the meeting.