The Board of Investment (BoI) on Friday urged the Chinese companies to invest in agriculture, agri-business and renewable energy sectors of country's economy. Talking to a 14-member Chinese delegation led by Li Yan, Chairman, Tengzhong Group, China and Nasir Ali Shah Bukhari, Chairman, KASB Group, Secretary BoI Mohammad Saleem Khan briefed the delegation about the upcoming establishment of agri-business areas near airports of Lahore and Multan.
He invited Tengzhong Group to look into this opportunity and make investments accordingly for the benefit of both the countries. He assured the delegation that BoI would extend full support and co-operation for the implementation of their business proposals in Pakistan.
He also highlighted the policy parameters of investment in Pakistan and saying that the investment policy allows 100 percent foreign equity in the major sectors and full repatriation of profits and dividends in all the sectors. He welcomed the proposals of group for setting up Pak-China Economic and Technological Development Zone, Real Estate Economic Zone and Tourist Economic Zone near Lahore.
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