Skip to main content

CBD PUNJAB SECURES GREEN LIGHT FOR CHINESE INVESTMENT IN NSIT

                                      

A high-profile delegation from the Pak-China Business Council, led by Christine Liu Lie, General Manager of Shenzen Caiyu Industrial Investment Development, recently visited Nawaz Sharif IT City (NSIT) to explore potential investment opportunities. The delegation, comprising esteemed members including Chen Jian Lu, Chen Dabao, and Shafiq ur Rehman, Secretary General of the China Pakistan Business Council.

During their visit, the delegation was briefed comprehensively about NSIT and the plethora of investment opportunities it offers. The presentation highlighted the strategic advantages of NSIT and its potential to serve as a hub for technological innovation and economic growth in Punjab.

Expressing keen interest in the opportunities presented, the delegation expressed enthusiasm towards potential investments in NSIT. They acknowledged the significance of NSIT in fostering bilateral economic ties and appreciated the efforts being made to facilitate foreign investment in the region.

Following their visit to NSIT, the delegation attended a high-profile meeting chaired by CEO CBD Punjab, Mr. Imran Amin. The meeting was also attended by key officials including Executive Director Technical, Mr. Riaz Hussain, Director Marketing, Mr. Waseem Siddiq, Director Project Management, Mr. Asif Iqbal, and Deputy Director Urban Planning, Mr. Nasir Maqbool.

During the meeting, discussions centered around the investment potential of NSIT and ways to facilitate Chinese investment in the project. The Chinese delegation expressed their confidence in the project and gave a green signal for investment by Chinese investors.

Commenting on the occasion, CEO CBD Punjab, Mr. Imran Amin, stated, "We are delighted to welcome the delegation from the Pak-China Business Council to NSIT. Their interest and commitment to exploring investment opportunities in NSIT are testament to the project's potential to drive economic growth and technological innovation in Punjab."

Furthermore, CEO CBD Punjab, Imran Amin, extended an authority letter to the Chinese delegation, granting them the necessary authorization to proceed with investments in NSIT.

Christine Liu Lie, General Manager of Shenzen Caiyu Industrial Investment Development, expressed confidence in the safety and viability of investments in NSIT, stating, "Investment in NSIT presents a unique opportunity for Chinese investors. We believe it will be a game-changer for the economic development of Punjab and look forward to contributing to its success."

The visit of the Pak-China Business Council delegation marks a significant milestone in the journey of NSIT towards becoming a leading destination for technology-driven investment and innovation.

Comments

Popular posts from this blog

47% of Asia Pac businesses have no emissions plan in place despite the climate emergency, reveals new report from ACCA, IFAC and PwC

            As world leaders gather for COP 28, ACCA (the Association of Chartered Accountants), IFAC (the International Federation of Accountants) and professional services firm PwC released a new report:   The  role of the CFO and finance function in the climate transition: driving value and sustainability,  based on a survey of 1,000 senior finance professionals around the world.   The research reveals 47% of respondents in the Asia Pacific region have yet to produce a plan for reducing their carbon emissions. Alarmingly, 69% of those respondents without an emissions plan say they currently have no intention of developing one. This compares with global figures of 46% of respondents who have yet to prepare an emissions plan and 70% of those say they currently have no intention of developing one.   The report also says that that involving CFOs and finance teams in the emissions reduction planning is likely to accelerate progress. ...

CBD PUNJAB’S UPCOMING AUCTION SET TO IGNITE ECONOMIC GROWTH.

                                                                   The Punjab Central Business District Development Authority (PCBDDA), also recognized as Central Business District Punjab (CBD Punjab), is set to mark a significant milestone in the region's real estate landscape with the auction of six exclusive plots, comprising three mix-used commercial and three residential plots, scheduled for May 9, 2024. As the premium development authority of Punjab, CBD Punjab is at the forefront of transforming the urban landscape, and this auction represents a pivotal moment in Punjab’s economic evolution. The auction event will showcase the immense potential for investment and development within the CBD Punjab precinct. With this auction, CBD Punjab is proud to introduce its latest ventures: CBD Business Bay and CBD Residencia...

Huawei and OPPO Sign Global Patent Cross-licensing Agreement

  Huawei and OPPO announced the signing of a global patent cross-licensing agreement, which covers cellular standard essential patents, including 5G. "After more than 20 years of continuous innovation, Huawei has developed multiple high-value patent portfolios in the global marketplace in domains like 5G, Wi-Fi, and audio/video codecs," said Alan Fan, Head of Huawei's Intellectual Property Department. "We are delighted to have reached a cross-licensing agreement with OPPO. The mutual recognition of intellectual property value between companies is a major step towards fostering a positive cycle of innovation and research in high-value standards: investing, receiving returns from investment, and then reinvesting. This will enable our industry to keep innovating and provide consumers with more competitive products and services." "We are very pleased to enter into patent cross-licensing agreement with Huawei. It clearly demonstrates that the two companies r...