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Chinese keen to invest in KP’s mineral sector

By our correspondents
November 17, 2016

PESHAWAR: The visiting Chinese investors on Wednesday expressed keenness to invest in mineral sector of Khyber Pakhtunkhwa (KP). The interest to invest in mineral sector was shown by an 18-member delegation, led by Chan, the president of Chinese Overseas Investment Union (COIU), during a meeting with Secretary Minerals Development Department Syed Abdul Jabbar Shah here.

The Chinese delegates expressed keenness in Indus Gold small scale projects and other mineral titles and said that a conductive atmosphere was available here for foreign investors and they would get benefits from the investment opportunities.

CEO    KP Board of Investment and Trade (KP-BOIT) Nazeer Awan, Director Planning Minerals Department Syed Bilal Khisro, Director General Minerals Fazli Wahid and other officials were also present on the occasion, said an official communiqué. Director Planning Bilal Khisro briefed the delegation.

“Under the China-Pakistan Economic Corridor (CPEC) project, a conductive environment is also available for Chinese investors to invest in granite, gold and other minerals,” the official said. He said under the CPEC investment plan, the provincial mineral sector was on top priority and that they were trying to boost the sector in which the Chinese investors could contribute their major role.

The official said they would welcome the Chinese investors to invest in exchange of technology, direct investment, joint venture and other possible ways. The two sides agreed to sign a memorandum of understanding soon.