Pak-China Business Investment Forum launched with 18 Chinese, 19 Pakistani companies

Business Investment Forum

Chinese Foreign Ministry Spokesperson Wang Wenbin addressing a press conference lauded Pakistani authorities over the launch of Pak-China Business Investment Forum (PCBIF).

Prime Minister Imran Khan has initiated PCBIF intended at improving information exchange and encouraging communication among businesses of the two countries, thus opening up new streets of collaboration.

The meeting involves 18 Chinese and 19 Pakistani companies with the aim to promote maintainable investment, export industry, and growth of up-to-date technology in Pakistan.

Chinese FM Spokesperson Wang Wenbin said, “The Chinese side appreciates the great importance Prime Minister Imran Khan and the Pakistani government attach to China-Pakistan business cooperation and the positive efforts they’ve made in this regard.”

Read more: China honours outstanding Pakistani workers of CPEC projects

While, speaking to its inaugural ceremony in Islamabad, Imran Khan lamented that smaller countries were progressing much better than Pakistan in exports. “It is very painful for us. How can a country progress when it was not into exports?”

The Business Investment Forum has been molded with the partnership of the Board of Investment Pakistan and All Pakistan Chinese Enterprises.

Khan in his address said that the launch of the business forum is important “because the government needs your feedback, to know the difficulties businesses face in enhancing the trade”.

Moreover, he emphasized that a country cannot develop until it sells its products across the world, adding that the products have to be more than just agricultural in nature. “Countries do not progress by just selling vegetables,” he remarked.

The premier said he was frequently given responses from foreign stockholders regarding the clumsy procedure of investment materialization in Pakistan. “It takes a lot of time from an agreement to its implementation here, and the time is money for investors. He will turn away if no measures are taken for his facilitation.”

PM Imran stated that scheduling was going on with the Board of Investment to resolve the problem.

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