PIEDMC and Chinese Firms Unite for CPEC-Focused Development

Strategic MoU signed to boost industrial growth and bilateral trade

P.c. China Pakistan Economic Corridor

PIEDMC and Chinese Firms Unite for CPEC-Focused Development


In a move to deepen bilateral trade relations, a delegation of Chinese companies visited the Head Office of the Punjab Industrial Estates Development and Management Company (PIEDMC) to explore investment prospects and reinforce economic ties between China and Pakistan.

During the visit, both sides agreed to launch a dedicated Pak-China Investment Cell and Research Lab under PIEDMC's administration. The initiative is expected to streamline mutual cooperation, foster innovation, and create industrial synergies. PIEDMC Chairman Javed Iqbal, accompanied by board members and representatives from Sundar Industrial Estate, extended a warm welcome to the Chinese delegation, which included over 13 corporate leaders from sectors such as logistics, technology, infrastructure, and trade.

P.c. China Pakistan Economic Corridor

The delegation received a comprehensive briefing on PIEDMC's current projects, facilitation processes, and efficient one-window operations. Expressing significant interest, the visitors discussed potential investments in key sectors like manufacturing, renewable energy, and logistics.

The visit was marked by the signing of a Memorandum of Understanding (MoU) between PIEDMC and the Chinese delegation. The MoU sets the foundation for joint investments, mutual facilitation, and collaborative industrial initiatives within Punjab's industrial zones.

The agreement was formally signed by PIEDMC CEO Capt (R) Shoaib Ali and Mr Hiu David Chiu, CEO of Precise Development HK Limited. On the occasion, Chairman Javed Iqbal reiterated PIEDMC's commitment to providing the Chinese companies with full support and a favourable environment for investment.

This collaboration is poised to pave the way for fresh economic opportunities, generate employment, and support the broader vision of the China-Pakistan Economic Corridor (CPEC). The delegation praised PIEDMC's investor-friendly infrastructure and policies and hinted at multimillion-dollar investments across various industries.