ISLAMABAD: Pakistan offers attractive incentives to investors in different sectors of the economy under China-Pakistan Economic Corridor (CPEC), said an official.
A Board of Investment (BoI) official told WealthPK that local and foreign investors can reap benefits from various sectors such as textiles, tourism, logistics, housing and construction, food processing, information technology, etc.
“As part of Pakistan’s efforts to attract foreign investment, a variety of grants and incentives are being offered to investors. A number of incentives are available to companies, including tax concessions, double taxation agreements, low-interest loans, etc.” the official said.
Moinul Haque, Ambassador of Pakistan to China in a recent meeting briefed Chinese firms about Pakistan’s lucrative investment climate, and encouraged them to take advantage of the attractive incentives offered under the CPEC framework, and choose Pakistan as their investment and business destination.
“Chinese investors and businessmen receive special attention at the highest levels and are warmly welcomed in Pakistan for business and trade to promote economic cooperation between our two countries,” he stated at the China-Pakistan Trade and Industrial Cooperation Forum held at the Pakistan Embassy.
In recent times, there has been a greater focus on cooperation in trade, investments, industry, and agriculture between the two countries.
The ambassador stated that Pakistan is China’s largest trading partner and most significant source of foreign direct investment (FDI).
After the second phase of the Free Trade Agreement (FTA) was launched in early 2020, a greater number of products have been able to access each other’s markets. He further said that the liberalised trade between the two countries is contributing to record numbers of bilateral trade. –INP
