ISLAMABAD: The early signing of the proposed China-Pakistan Economic Corridor (CPEC) Framework Agreement on Industrial Cooperation will help to achieve the full goals envisaged under the trade route in line with long-term plans, Asim Ayub, Project Director of the Industrial Cooperation Project Management Unit of the Board of Investment (BoI), said on Tuesday.
At the fifth meeting of the Joint Working Group on Industrial Cooperation under the CPEC, he was speaking. The proposed framework agreement was submitted by the BoI to the Chinese government last month.
Read Also: Petrol prices increased by Rs3 per litre
Officials from line ministries, provincial governments and embassies attended the conference, held via video connect, co-chaired by BoI Executive DG Khashih-ur-Rehman and Chinese National Growth and Reform Commission DG Ying Xiong.
Ayub said that the Pakistani side made tremendous efforts to formulate the draught structure, keeping all stakeholders on board, and Prime Minister Imran Khan’s final approval was also obtained accordingly.
In terms of Industrial Cooperation, Special Economic Zones (SEZs), business-to-business and people-to-people communication, the framework agreement takes an hour to have a concrete effect.
The project director further emphasised that Pakistan closely regards the Chinese side of the principle of industrial diagnosis.