An agreement signed between Chinam Jianxin Hou, Chairman of Shandong Xinxu Group Corporation, and Engr Said Mahmood, Vice Chairman of the Khyber-Pakhtunkhwa Board of Investment and Trade (KP-BOIT), to increase investment in the province's mining and minerals industry.
Mines and minerals exports play an important role in the development of Pakistan’s economy. Exports of mines and minerals help government to draw foreign direct investment in the country.
Prominent members of the public and corporate sectors were present at the ceremony, which was held in Shandong, China, on February 3. In his address, the Vice Chairman assured Chinese investors of full government support while outlining many prospects for value addition in the mining and minerals industry.
By signing this Memorandum of Understanding, the parties agree to support one another to the best of their respective abilities, work to increase value-added investment in the mining sector of the K-P province, provide specific product or project information, identify potential joint venture partners, and facilitate procedural matters with the appropriate authorities while adhering to their respective legal mandates.
