China-Pakistan Trade, Energy, Investment Center to be set up in Shenzhen

BEIJING  – The Global Innovation Center (GIC) is planning to set up an office in Pakistan, as well as establish a China-Pakistan Trade, Energy, and Investment Centre in the organisation’s Shenzhen office.
Pakistan Ambassador to China, Moin ul Haque was briefed by Director General, GIC, Zhao Gang during a meeting held at the embassy of Pakistan, Beijing. GIC is focused on five core businesses: international cooperation in technology; incubation of new businesses; scientific and technological industrial zones; training of entrepreneurs; and investment and capital financing. It has offices in ten countries, including the U.S., UK, Germany, Indonesia, the Republic of Korea, and Thailand. Zhao briefed the ambassador about GIC and its desire to cooperate with Pakistan in science and technology, focusing on the incubation of new businesses, the development of electricity storage devices, semi-conductors, and New Energy Vehicles. Positively noting Zhao’s suggestions, Ambassador Haque highlighted the expanding science and technology cooperation between Pakistan and China. He also invited the Center to benefit from the initiatives and incentives taken by the government of Pakistan to facilitate investment in Pakistan in ICT, New Energy Vehicles, and emerging technologies and assured of the embassy’s full support in this regard.
Meanwhile, Pakistan Ambassador to China Moin ul Haque has appreciated Punjab Board of Investment and Trade (PBIT) for its efforts in facilitating the Chinese investors. In a virtual meeting with Ahmer Malik, CEO, and other senior members of PBIT, the ambassador assured them of the Embassy’s full supported. The meeting was also attended by Hussain Haider, Consul-General of Pakistan in Shanghai. The interaction was a part of Embassy’s regular outreach to govt institutions in Pakistan in an attempt to review ongoing Pakistan-China cooperation, and to explore further opportunities in diverse areas. In his remarks, Ambassador Haque acknowledged the significance of Punjab in overall development agenda of Pakistan and its vital role for Pakistan-China economic ties.

The CEO PBIT briefed the ambassador about the policies of the Punjab government and various steps undertaken by PBIT to facilitate Chinese investments. He expressed satisfaction on the ongoing Chinese projects in Punjab and invited more investments in infrastructure, housing, agriculture, textile and tourism sectors. Ahmer Malik also informed that a special China desk was being established at PBIT to provide one-window facilitation.