By Our Correspondent
LAHORE: A high-level delegation of Chinese investor companies visited the PIEDMC Head Office to explore investment opportunities and strengthen economic cooperation between Pakistan and China.
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It was agreed to establish a Pak-China Investment Cell and Research Lab under the management of PIEDMC.
Chairman, Punjab Industrial Estates Development and Management Company Javed Iqbal, along with Board Members and Industrialists of Sundar Industrial Estate, welcomed the delegation. More than 13 representatives of Chinese Companies related to Technology, Logistics, Trade, and Infrastructure were included in the delegation. A detailed briefing was given on the current projects, facilitation, and one window operations of the PIEDMC. The Chinese Delegation showed keen interest in investment in different sectors, including Manufacturing, Renewable Energy, and Logistics. The event was highlighted by the signing of a Memorandum of Understanding (MOU) between PIEDMC and the Chinese Delegation. The MOU outlines a framework for collaboration, mutual facilitation, and investment support under the umbrella of PIEDMC. CEO PIEDMC Capt ® Shoaib Ali and CEO Precise Development HK Limited, Mr Hiu David Chiu, signed the MOU. While talking on the occasion, Chairman PIEDMC Javed Iqbal said that we wholeheartedly welcome the Chinese Delegation in Punjab and ensure facilitation and best cooperation for in the investment in PIEDMC-managed Industrial Zones. This visit marks a significant step toward fostering international partnerships and boosting foreign direct investment in Punjab’s industrial landscape. He also said that this partnership is expected to open new avenues of economic cooperation, create employment opportunities, and contribute to the success of initiatives under the China-Pakistan Economic Corridor (CPEC). The Chinese delegation acknowledged PIEDMC’s proactive investor-friendly policies, infrastructure, and one-window operations, and indicated plans to invest millions of dollars in various sectors.
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