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Pakistan to follow Chinese model of industrialisation: BOI chief - Zameen News

Pakistan to follow Chinese model of industrialisation: BOI chief

July 12, 2019 • news

Islamabad: Board of Investment (BOI) Chairman Zubair Gilani on Thursday said that Pakistan wanted to follow in China’s footsteps for undertaking industrialisation initiatives, a news source reported. He expressed his views on the matter during a meeting with a 50-member Chinese investment delegation (including CEOs and general managers of various businesses from Chongqing) at the BOI office.

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Gilani stated that the multi-billion economic corridor (CPEC) project would facilitate the growth of bilateral industrial ties – an initial step towards transforming the lives of citizens of the two countries.

He said that Pakistan would benefit from China’s experience pertaining to development of the industrial sector; adding that Chinese commitment and hard work served as an inspiration to Pakistanis. He reaffirmed the delegation members of BOI’s support to the Chinese businessmen seeking investment opportunities in the Pakistani market.

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In response, Pan Guangfeng, head of the Chinese delegation, underscored the importance of Pakistan’s strategic location and stressed on the need for exploring various investment opportunities available here. He also discussed the potential role of the Belt & Road Initiative (BRI) in the socio-economic development of Pakistan.