September 06, 2024 (MLN): Pak China Investment Company Limited (PCICL) must reposition itself with a clear target market focus to identify joint venture and SME opportunities and provide advisory and financial support to enhance investment and trade flows, Finance Minister Muhammad Aurangzeb stated.
According to a press statement issued yesterday, Muhammad Aurangzeb made these remarks during a meeting with the leadership of PCICL.
Attendees included PCICL Chairman Mr. Sun Bo, Managing Director Mr. Hassan Raza, and senior officials from the Finance Division and PCICL.
During the discussion, the Finance Minister said that PCICL was an important partner for Pakistan’s economic growth and development.
He said that in the CPEC phase 2, development and growth of industry and relocation of businesses were going to be the priority areas.
Sun Bo and Hassan Raza briefed the Minister on PCICL’s efforts to strengthen Pakistan-China trade and investment, pledging continued support.
Sun Bo, Chairman PCICL, thanked the Finance Minister and appreciated his comments and concerns about the role of PCICL in promoting investment and joint ventures between both countries.
“We would do our best to serve the Pakistan economy,” he added.
In the end, the Finance Minister also reassured Chinese investors of their security, underscoring the importance of their contributions to Pakistan’s economic progress, and reiterated the commitment of the government to promote a business and investment-friendly environment in the country.
