Lahore: Punjab and China have resolved to enhance collaboration for rapid industrialisation in Province, especially for encouraging B2B level engagement of Chinese investors and businesses with their local counterparts from Punjab.

Zhao Shiren, Consul General of People’s Republic of China during his visit to Punjab Board of Investment and Trade held discussions on different areas for increasing the mutual cooperation between two sides.

Consul General was received by Secretary Industries Punjab, Sohail Ashraf, Chairman PBIT Fazeel Asif Jah, Chairman SEZA Punjab, S.M. Naveed and CEO PBIT Jalal Hassan. Both sides deliberated upon multifaceted strategy to enhance collaboration between Punjab and China for rapid industrialisation in province, especially for encouraging B2B level engagement of Chinese investors and businesses with their local counterparts.

Consul General deeply appreciated efforts of former and current Secretary Industries for promoting relocation of labour intensive industries from China to Punjab by leveraging strong network of Special Economic Zones across Province both in public and private sectors.

Jalal Hassan CEO PBIT, who is also Secretary of Punjab SEZ Authority, apprised participants about effective facilitation by PBIT for promoting private sector led growth model which entails recent grant of three new SEZs licenses to private sector developers in Punjab, two of which are result of direct investment and cooperation by Chinese business enterprises.

Secretary Industries emphasised that Punjab must develop its capacity to train strong pool of skilled labour force as per modern industrial demands for local as well as international markets.

Published in The Daily National Courier, December, 17 2022

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