Implementation of 40 MoUs: Pak-China joint panel set up

[Hyde]

Implementation of 40 MoUs: Pak-China joint panel set up ​

WASIM IQBAL
ISLAMABAD (January 08, 2011) : Following the directives of President Asif Ali Zardari, the Board of Investment (BoI) has constituted a joint Pak-China monitoring and implementation committee to review efforts leading to maturity of recently signed 40 memorandums of understanding (MoUs) between China and Pakistan.

The four-member committee comprising two representatives from the Chinese Embassy in Islamabad and two senior officials of BoI has been formed. BoI Chairman Saleem Mandviwalla will head the committee. This special committee is focused on accomplishing these accords before the scheduled visit of Chinese President in the middle of this year.

In this connection, the Commercial Counsellor of China was called on Friday to BoI and BoI Chairman informed him about the responsibility assigned by the President to the Board. Both sides agreed to implement the agreements on urgent basis.

BoI Chairman discussed the plan of pursuing more than 40 MoUs with Chinese public/private companies. He suggested that all private and public organisations involved in agreements with the Chinese would be called to present progress reports on all accords next month. More than $10.3 billion of MoUs were signed with the Chinese during the Pak-China Business Summit 2010.