Chinese Company to Invest $50 Million in Gwadar and Karachi

Optima Integration Group of China on Monday joined hands with Asia Pak Investments of Pakistan to invest$ 50 million in the first phase to develop farming power and logistics sectors in Gwadar and Karachi.

The Board of Investment( BoI) eased the signing of a memorandum of understanding( MoU) between the two companies in this regard, which would produce more than 100 jobs in Gwadar and Karachi.

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Federal Minister Board of Investment Chaudhry Salik Hussain was the chief guest at the ceremony where Optima Integration Group Chairman Sam Siu and Chief Executive Officer of Sino Pak Optima Technologies( SPOT) signed the MoU in the spirit to enhance business-to-business( B2B) agricultural cooperation between the two nations.

Under the MoU, the two groups would set up an end-to-end supply chain for seafood( 79 species of fish are approved by the General Administration of Customs of the People’s Republic of China( GACC)) for export from Pakistan to China.

Speaking on the occasion, Minister Chaudhry Salik Hussain appreciated the interest of the Chinese side in the farming and livestock sector of Pakistan, particularly the fish and seafood industry.

He informed the participating parties about the establishment of the Pakistan- China Business and Investment Forum( PCBIF) comprising leading Pakistani and Chinese companies, which was the result of joint efforts of BoI, the Chinese Embassy, and the All- Pakistan Chinese Enterprises ’ Association( APCEA).
He assured the Chinese investors of mutual efforts by the BoI to ease the potential investors.