Karachi, 21 February 2022 (TDI): The Board of Investment (BOI) Pakistan is going to organize the “CPEC B2B Industrial Cooperation Investment Conference” next month in Karachi.
The aim of the conference is to explore sectoral opportunities under the economic partnership of Pakistan and China through the ‘China-Pakistan Economic Corridor’ (CPEC) in Sindh.
According to BOI, the area of emphasis would be ‘Information-Technology’ (IT), ‘Special Economic Zones’ (SEZs), pharmaceuticals, textiles, urban development, and automobiles.
The B2B Conference will provide opportunities to all investors seeking foreign technology Joint Venture (JV) partners.
The Minister of State and Federal Board of Investment (BoI) Chairman Mohammad Azfar Ahsan said that Karachi will be hosting the B2B conference next month.
The last CPEC Industrial Cooperation B2B Investment Conference was organized successfully in Lahore in December 2021.
He said that “After the signing of the Framework Agreement on Industrial Cooperation, a world of business opportunities has opened.
Pakistani enterprises can leverage technical and financial cooperation through joint ventures with Chinese businesses”.
CPEC B2B Portal
The China-Pakistan Economic Corridor Industrial Cooperation Enterprise-to-Business B2B Investment Portal is a platform for investors and traders of both countries to enter joint ventures (JVs).
The China Council for International Investment Promotion and the China-Pakistan Economic Corridor Industrial Cooperation of the Investment Committee of the Prime Minister’s Office of Pakistan jointly established the portal.
The portal aims at promoting and strengthening relations between Pakistani and Chinese companies. Those who are interested in investment in Pakistan can find potential partners in the country either to expand and transfer business or to set up factories in SEZs. The portal also helps the investors register for the B2B conference.
Special Economic Zone (SEZ)
There are nine Special Economic Zones (SEZs) under CPEC. The BoI Chairman Azfar Ahsan said that three out of the nine SEZs were at an advanced stage of development.
These included Allama Iqbal Industrial City in Punjab, Rashakai SEZ in Khyber-Pakhtunkhwa, and Dhabeji SEZ in Sindh.
He also shared that many attractive fiscal incentives were being offered under SEZs, which included a tax-free period of 10 years.
It also offers customs duty exemption on the import of capital goods for both the developers and enterprises. He said that the development of SEZs under CPEC is the top priority of Pakistan.
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