A memorandum of understanding (MoU) was signed between Punjab Board of Investment & Trade (PBIT) and Hong Kong Kinglory Resources Holding Limited (KRHL), under which both parties would work together to explore opportunities for development of business especially in the iron ore, higher education, healthcare and infrastructure sectors.
Chief Executive Officer PBIT, Saadat Muzaffar and Chief Executive Officer, KRHL, Kevin LIU signed the document on behalf of their organisations. Director General Facilitation PBIT Sajjid Yousafani, Director General Projects Moazzam Hussain and other PBIT officials were also present on this occasion
According to MoU, PBIT would facilitate KRHL in their projects in Punjab, and would act as a bridge for KRHL for most of the provincial departments and the private sector. Whereas, KRHL would accelerate economic development through investments and management in higher education, healthcare, infrastructure, natural resources and international trade activities. PBIT will also provide key information to KRHL about the business opportunities in Punjab.
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