Islamabad: Board of Investment (BOI) Chairman Atif R Bokhari on Tuesday officiated the restructuring of the 15-member China-Pakistan Economic Corridor (CPEC) Business Council in a bid to boost local industrialisation under the CPEC umbrella, according to news sources.
The federal government has notified the name of the reconstituted business council, which includes three public sector member and remaining from the business community. This council on the CPEC is formulated for a two-year period and shall dissolve automatically on the expiry date to its term – unless the authority notifies further extension.
The council includes Advisor to the Prime Minister on Commerce and Investment Abdul Razak Dawood as chairman and the steering committee member. Other members of this committee include BOI Chairman Atif R Bokhari and CPEC Authority Chairman (r) Lt Gen Asim Saleem Bajwa. Atif is also the convener of the joint working group on industrial cooperation.
The advisory group will act as a consultative forum between the business community and the federal government on the matters of private investment under CPEC – and will make specific recommendations.
The advisory group will propose feasible investment projects with Chinese Business Companies, and help in devising plans to expedite the existing and prospective business-to-business projects under the industrial cooperation. It will particularly focus on sectors mentioned in the CPEC’s long term plan like agriculture, housing, tourism and industry, among others.
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