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Pak-China Business Cooperation Summit to attract $25 bln Investment
Associated Press Of Pakistan ( Pakistan's Premier NEWS Agency ) - Pak-China Business Cooperation Summit to attract $25 bln Investment
ISLAMABAD, Dec 15 (APP): The Board of Investment (BoI) is expecting the Pak-China Business Cooperation Summit, scheduled on December 18, to attract $25 billion trade and investment from China in next five years. Premiers of China and Pakistan will preside over the Pak-China Business Cooperation Summit in Islamabad on 18 December 2010, said BoI statement issued on Wednesday.
Business to Business meeting will also be held in Islamabad to discuss the investment opportunities, trade and joint ventures between the two countries, it added.
As a result of this meeting, BoI is expecting to attract $25 billion trade and investment from China during next five years, the statement said.
Board of Investment is organizing this summit in collaboration with Federation of Pakistan Chambers of Commerce and Industry, Trade Development Authority of Pakistan and China Council for The Promotion of International Trade.
Almost 330 Chinese delegates and 200 representatives of Pakistan from different business sectors are expected to participate in summit, it said adding almost 23 MoUs are expected to be signed during the summit in different sectors.
In B2B meeting, priority sectors for investment from China will include oil and gas, mining, infrastructure, power (coal, hydel, gas based), IT and telecom, chemicals (fertilizer, glass, polymers), textile manufactures (value added), engineering goods, textile machinery, assembly (automobiles), electronics, automotives, agricultural implements, agricultural and agro based industry, pesticides, cool chains, food and fruit processing and packaging, live stock and dairy farming.
Pakistani Chini Bhai Bhai
