Pak, China agree to speed up progress on $10.3bn MoUs

 

 

Pakistan and China have agreed to speed up implementation on Memoran-dum of Understanding worth $10.3 billion signed between public and private sector during the Pak-China Business Summit 2010.

Pakistan and China are hopeful for a visible progress in such MoUs before the visit of Chinese President in 2011.

In a special meeting, Commercial Counselor of China was informed by Minister of State/Chairman BOI about the responsibility assigned by President Zardari to produce results out of MoUs signed during the visits of President of Pakistan and Chinese Premier Wen Jiabao. He said that both leaders are concerned to mature the agreements on urgent basis.

Chairman BOI discussed the plan of pursuing more than 40 MoUs with Chinese public private companies. He suggested all the private and public organisations holding MoUs and agreements with Chinese would be called for a meeting to present the progress on all accords.

BOI witnessed more than $ 10300 million memos with Chinese during the Pak-China Business Summit 2010.

A special committee, comprising BOI and Chinese officials started working on accomplishing these accords before the visit of Chinese President this year.

According to the list of contracts, MoUs and agreements signed during Pak-China Business Summit 2010, MoU Development of Wind Power Projects and Solar Energy Projects Between China Three Gorges Corporation and Alternative Energy Development Board and ‘China International Water and Electric Corporation signed by General Manager Lu Guojun.

Framework agreement in a development finance cooperation, China Development Bank signed by executive vice president Gao Jian TBEA Shenyan Transformer Group Co Ltd and General Manager Luo Jun.

Purchase Contract by China Light Resources Imp & Exp Corp and Ocean Gold Seafood. China Light Resources IMP & EXP.CORP, general manager assistant Zhao Wei.

Cotton yarn purchase contract: China Light Resources Imp & Exp Corp and Lahore Business International China Light Resources IMP & EXP.CORP signed by general manager assistant Zhao Wei.

China Hi-Tech Group Corporation by manager Chai Shupei. Frozen Fish Agreement. Chinatex Corporation by General Manager Yu Guo Ting. China National Service Corp and Texchain International. China National Service Corporation import department general manager Liu Lili. Import stone business. China Artex Corporation Fujian Co by general manager Chi Chen. Agreement of purchasing of Pakistan rapeseed meal Chromium, Manganese, China National Machinery Import & Export Corp signed by deputy director import department Wei Huai. Intent of Pakistan rapeseed meal purchase. COFCO FEED CO LTD LIU LIANGJUN. Leather purchasing contract, China Tuhsu Snow Lotus Co Ltd, project manager Qiu Aimin.

MoU between Pakistan Space And Upper Atmosphere Research Commission and China Great Wall Industry Corporation on cooperation on press program signed by China Great Wall Industry Corporation president Yin Liming and cooperation agreement with Beifa Group Mr Qiu Zhiming etc.

Daily Times – Leading News Resource of Pakistan – Pak, China agree to speed up progress on $10.3bn MoUs.

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