Chinese companies show keen interest in Pakistan iron, steel market

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DR. MIFTAH ISMAIL, MOS/CHAIRMAN, BOARD OF INVESTMENT IN A MEETING WITH MR. CHEN ZHONGKUAN, CHAIRMAN, BOASTEEL GROUP XINJIANG BAYI & STEEL COMPANY LIMITED, CHINA AND DELEGATION IN ISLAMABAD ON 30TH JULY, 2015

ISLAMABAD, Jul 30: The BOI chairman Dr Miftah Ismail on Thursday has welcomed the Chinese investors to invest in Pakistan in all sectors of the economy especially in steel and iron sector.
MD Pakistan China Investment Company Li Peng, along with different prominent steel and iron companies of China visited Board of Investment and met with Chairman BOI Dr Miftah Ismail and Secretary BOI Mr. Iftikhar Babar.
The Chairman BOI informed them that Pakistan has one of the most liberal foreign investment regimes in South Asia. 100% foreign equity is permitted in the manufacture and infrastructure sectors as the country has a more market-oriented economy
President Bao Steel Chen Zhongkuan thanked BOI for cooperation and briefing regarding the investment opportunities available in steel and iron sectors of Pakistan. He said that the purpose of Chinese companies visit to Pakistan was to investigate Pakistan Steel Market, Infrastructure Conditions as well as the policy of investment that Pakistan Government provided with tax incentives/concessions etc.
Iftikhar Babar, Secretary, BOI said that BOI being the apex body of the Government of Pakistan for investment promotion and facilitation to foreign investors, assure them full support as and when needed.

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