On Tuesday, a 15-member business council was reconstituted to speed up industrialization under the China-Pakistan Economic Corridor (CPEC). The federal government has notified the name of the reconstituted corporate council, which has three members from the public sector and the business community.
The CPEC council is initially formed for a period of two years from the notification date and will automatically be dissolved on the expiry date of its term, unless otherwise extended by the authority by notification.
The chairman and member of the steering committee, Chairman of the Investment Board (BOI) Atif R Bokhari and Chairman of the CPEC Authority Lt-General Asim Saleem Bajwa (retd) will be the advisor to the Prime Minister of Commerce and Investment Abdul Razak Dawood.
The advisory group is an advisory forum between business community and government on matters relating to private investment under the CPEC and under industrial cooperation it will make specific recommendations for private sector investment in Pakistan.
The group would recommend viable investment projects for negotiation with Chinese Business Companies, and devise strategies for expediting on future and industrial-cooperated B2B ventures.
The forum will discuss and explore opportunities and develop new investment model for future CPEC projects, and advice on developing an integrated approach for future development of industrial cooperation under the CPEC with a particular emphasis on agriculture, manufacturing, housing, tourism and any other potential area or sector listed in the CPEC long-term plan.