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Economic Zone in Punjab: MoU signed with Chinese group
RECORDER REPORT
LAHORE (February 21 2010): A memorandum of understanding was signed between Punjab government and renowned investor Teng Zhong Group of China under which the group will set up an Economic Zone over 100,000 acres. According to an official here on Saturday, the group Chairman Yen Li, on behalf of China and Punjab Industrial Estate Chairman S M Tanvir on behalf of Punjab government signed the agreement.
Punjab Chief Minister Muhammad Shahbaz Sharif, Secretary Advisory Council Haroon Khawaja, Secretary Commerce and Industry, Chairman KASB Group Nasir Ali Shah Bukhari, head of Asia Pacific Activity Sufian Zubairi and Members of a delegation of Chinese investors were also present on the occasion.
The Chief Minister said today is an important day in the history of Punjab, as the MoU has been signed between renowned investor company of China and Punjab government, and this agreement would be finalised by the end of March 31. He said setting up of Economic Zone would not only result in developing the industrial sector but new job opportunities will also be generated. "After this agreement a new chapter will be written in the bilateral relations. This agreement will also motivate other philanthropists to invest in the province besides restoring the trust of international investors," he added.
Teng Zhong Chairman Yen Li said setting up of Economic Zone in Punjab will not only promote industrial activities in the province but also improve the standard of Pakistani products with the help of Chinese experience and technology.
Business Recorder [Pakistan's First Financial Daily]
so agreement is going to be finalize on 31 of march
RECORDER REPORT
LAHORE (February 21 2010): A memorandum of understanding was signed between Punjab government and renowned investor Teng Zhong Group of China under which the group will set up an Economic Zone over 100,000 acres. According to an official here on Saturday, the group Chairman Yen Li, on behalf of China and Punjab Industrial Estate Chairman S M Tanvir on behalf of Punjab government signed the agreement.
Punjab Chief Minister Muhammad Shahbaz Sharif, Secretary Advisory Council Haroon Khawaja, Secretary Commerce and Industry, Chairman KASB Group Nasir Ali Shah Bukhari, head of Asia Pacific Activity Sufian Zubairi and Members of a delegation of Chinese investors were also present on the occasion.
The Chief Minister said today is an important day in the history of Punjab, as the MoU has been signed between renowned investor company of China and Punjab government, and this agreement would be finalised by the end of March 31. He said setting up of Economic Zone would not only result in developing the industrial sector but new job opportunities will also be generated. "After this agreement a new chapter will be written in the bilateral relations. This agreement will also motivate other philanthropists to invest in the province besides restoring the trust of international investors," he added.
Teng Zhong Chairman Yen Li said setting up of Economic Zone in Punjab will not only promote industrial activities in the province but also improve the standard of Pakistani products with the help of Chinese experience and technology.
Business Recorder [Pakistan's First Financial Daily]
so agreement is going to be finalize on 31 of march