Islamabad: Federal Minister Qaiser Ahmed Sheikh held a meeting with Chinese Counsellor Yang Guangyuan to discuss strategies for enhancing investment cooperation under the China-Pakistan Economic Corridor (CPEC) Phase-II. The meeting sought to bolster bilateral ties, focusing on encouraging Chinese private sector investment in Pakistan’s manufacturing and industrial sectors.

According to Press Information Department, the discussions centered on the roadmap for CPEC Phase-II, emphasizing the importance of private sector involvement and reviewing the progress of Special Economic Zones (SEZs). Mr. Sheikh highlighted the need for improved coordination and trust to attract meaningful investments and agreed with Mr. Guangyuan on addressing information gaps and security concerns to facilitate investment.

Mr. Guangyuan acknowledged the efforts of the Board of Investment and underlined the necessity of fulfilling commitments to attract Chinese investors. The meeting resulted in a commitment to strengthen institutional collaboration, with plans to share project details and potential investors between the Board and the Chinese Embassy. The Federal Minister also noted positive investment interest from overseas Pakistanis following his visit to the United Kingdom.

Security and investor confidence were highlighted as priorities, with coordination suggested between Pakistani security institutions and the Board of Investment. The meeting concluded with a mutual commitment to advancing investment initiatives under CPEC Phase-II, aiming for industrial growth and economic development.