Chairman, Board of Investment (BOI) Atif R. Bokhari has reconstituted the China Pakistan Economic Corridor (CPEC) Business Council to accelerate the process of industrialization under the umbrella of the CPEC
ISLAMABAD, (UrduPoint / Pakistan Point News – 30th Jun, 2020 ) :Chairman, board of Investment (BOI) Atif R. Bokhari has reconstituted the China Pakistan Economic Corridor (CPEC) Business Council to accelerate the process of industrialization under the umbrella of the CPEC.
On advice of the Adviser to Prime Minister for Commerce and Investment, the chairman BOI, being convener of Joint Working Group (JOP) on Industrial Cooperation was to reconstitute the following CPEC Business Council to enhance the industrialization in the country, said a press release issued here on Tuesday.
According to notification issued here the following CPEC Business Council was notified as Chairman and member Steering Committee, the Advisor to Prime Minister for Commerce and Investment, Abdul Razak Dawood and Minister of State and Chairman BOI, Atif R. Bukhari and Chairman, CPEC Authority, Lt. Gen (R) Asim Saleem Bajwa are the Member of Steering Committee including 12 members from different areas of cooperation.
The advisory group will make specific recommendations for private sector investment in Pakistan under Industrial Cooperation and to propose feasible projects for investment for discussion with Chinese Business Companies.
The group also to formulate strategies for expediting ongoing and future Business to Business (B2B) projects under industrial Cooperation to discuss and explore opportunities and develop new investment models for future projects of CPEC.
The group advises on developing an integrated approach on future development of industrial cooperation under CPEC with special focus on agriculture , industry, housing tourism and any other potential area or sectors mentioned in the CPEC long-term plan.
The group also advises on any other issue referred to by the concerned ministries.
The Business council on CPEC is initially formulated for a period of two years from the dated notification and shall automatically stand dissolved on the date of expiry of its terms, unless otherwise further extended through a notification by the competent authority.