Chinese company urged to establish fruit processing units along CPEC rout

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ISLAMABAD, May 23 (APP): The Board of Investment (BoI) Monday urged the Chinese company, China Zhongde International Investment Group to invest in establishing fruit processing units along the China Pakistan Economic Corridor (CPEC) in Gilgit Baltistan.

“The major portion of fruits produced in Gilgit Baltistan goes
waste due to lack of processing facilities,” Secretary BoI, Azhar Ali Chaudhry said during a meeting with the six member delegation of the company headed by its Chairman, Gaobing Zhao.

Senator Talha Mehmood and senior management of the BoI were also present on the occasion.

The Secretary said that investment in fruit processing units would not only be beneficial for the people of Gilgit Baltistan but also a lucrative business for the company.

He expressed the hope that initiative would be fully supported by the Gilgit Baltistan government.

Earlier, Director General Board of Investment, Sohail Ahmad gave a detailed presentation to the Chinese delegation on the investment opportunities in Pakistan.

He informed the delegation that Pakistan was providing uniform treatment to local and foreign investors in almost all sectors of economy.

He said that Special Economic Zone Act was approved by Parliament in 2012 which could be developed with public private partnership while the provincial government cold play front line role.

Earlier, Gaobing Zhao informed the BoI officials that his company was interested to invest in various sectors of country.

He said that the company was interested to invest in energy
with focus on distribution side, agriculture, infrastructure and
other sectors of the economy.
He expressed satisfaction on the investment policies of the country and said that he looks forward to invest in Pakistan.