Thursday, 28 March 2024, 04:50:26 pm

Minister for BOI invites Chinese companies for investment in agriculture, livestock sectors
May 23, 2022

Minister for Board of Investment Chaudhary Salik Hussain has invited Chinese companies for investment in agriculture and livestock sectors of Pakistan and assured them of full facilitation.   

He was speaking at an MoU signing ceremony in Islamabad on Monday, between two investment companies of China and Pakistan including Optima Integration Group, China and Asia Pak Investments, Pakistan.

The MoU is aimed at enhancing Business to Business agricultural cooperation between the two countries.

The project between the signing parties will comprise setting up a supply chain for seafood export for export from Pakistan to China.  It will include a high-tech processing facility and related technology transfer. In the first phase, the estimated investment will be around 50 million dollars that will create more than 100 jobs in Gwadar and Karachi in Fishing, Power and Logistics sectors.

The Minister appreciated the interest of Chinese side in Agriculture & Livestock sector of Pakistan particularly, Fish and Seafood industry.