CBD PUNJAB SECURES GREEN LIGHT FOR CHINESE INVESTMENT IN NSIT

A high-profile delegation from the Pak-China Business Council, led by Christine Liu Lie, General Manager of Shenzen Caiyu Industrial Investment Development, recently visited Nawaz Sharif IT City (NSIT) to explore potential investment opportunities. The delegation, comprising esteemed members including Chen Jian Lu, Chen Dabao, and Shafiq ur Rehman, Secretary General of the China Pakistan Business Council.

During their visit, the delegation was briefed comprehensively about NSIT and the plethora of investment opportunities it offers. The presentation highlighted the strategic advantages of NSIT and its potential to serve as a hub for technological innovation and economic growth in Punjab.

Expressing keen interest in the opportunities presented, the delegation expressed enthusiasm towards potential investments in NSIT. They acknowledged the significance of NSIT in fostering bilateral economic ties and appreciated the efforts being made to facilitate foreign investment in the region.

Following their visit to NSIT, the delegation attended a high-profile meeting chaired by CEO CBD Punjab, Mr. Imran Amin. The meeting was also attended by key officials including Executive Director Technical, Mr. Riaz Hussain, Director Marketing, Mr. Waseem Siddiq, Director Project Management, Mr. Asif Iqbal, and Deputy Director Urban Planning, Mr. Nasir Maqbool.

During the meeting, discussions centered around the investment potential of NSIT and ways to facilitate Chinese investment in the project. The Chinese delegation expressed their confidence in the project and gave a green signal for investment by Chinese investors.

Commenting on the occasion, CEO CBD Punjab, Mr. Imran Amin, stated, "We are delighted to welcome the delegation from the Pak-China Business Council to NSIT. Their interest and commitment to exploring investment opportunities in NSIT are testament to the project's potential to drive economic growth and technological innovation in Punjab."

Furthermore, CEO CBD Punjab, Imran Amin, extended an authority letter to the Chinese delegation, granting them the necessary authorization to proceed with investments in NSIT.

Christine Liu Lie, General Manager of Shenzen Caiyu Industrial Investment Development, expressed confidence in the safety and viability of investments in NSIT, stating, "Investment in NSIT presents a unique opportunity for Chinese investors. We believe it will be a game-changer for the economic development of Punjab and look forward to contributing to its success."

The visit of the Pak-China Business Council delegation marks a significant milestone in the journey of NSIT towards becoming a leading destination for technology-driven investment and innovation.

Comments

47% of Asia Pac businesses have no emissions plan in place despite the climate emergency, reveals new report from ACCA, IFAC and PwC

As world leaders gather for COP 28, ACCA (the Association of Chartered Accountants), IFAC (the International Federation of Accountants) and professional services firm PwC released a new report: The role of the CFO and finance function in the climate transition: driving value and sustainability, based on a survey of 1,000 senior finance professionals around the world. The research reveals 47% of respondents in the Asia Pacific region have yet to produce a plan for reducing their carbon emissions. Alarmingly, 69% of those respondents without an emissions plan say they currently have no intention of developing one. This compares with global figures of 46% of respondents who have yet to prepare an emissions plan and 70% of those say they currently have no intention of developing one. The report also says that that involving CFOs and finance teams in the emissions reduction planning is likely to accelerate progress. They should embrace this because, although they may not

Peshawar Zalmi Releases "Zalmi Raalal" Official Anthem Powered by TCL

TCL, Pakistan's No.1 LED TV Brand, in collaboration with Peshawar Zalmi, has released their most awaited anthem for PSL 8, " Zalmi Raalal ". Directed by the maestro Hassan Dawar himself, "Zalmi Raalal" is a star-studded, power-packed amalgamation of music, fashion, and sports, the three foremost passion points of Peshawar Zalmi. Produced by Naughty Boy, who has worked in the global music industry with the likes of Beyoncé, Wiz Khalifa, and Sam Smith, the music video features cricket's biggest superstars Darren Sammy and Babar Azam, as well as Pakistan's biggest celebrities Mahira Khan and Hamza Ali Abbasi. Peshawar Zalmi's official anthem for 2023, "Zalmi Raalal", is an ode to passion, a story entailing the beauty and power of the KP region and its people. The anthem has crossed one million views on all online platforms since its release, and the number is increasing fast. The star-studded and narrative-centric anthem feature

Economic confidence among finance professionals edges higher globally despite big fall in North America

The latest ACCA (the Association of Chartered Certified Accountants) and IMA ® (Institute of Management Accountants)  Global Economic Conditions Survey (GECS) suggests that confidence among accountants and finance professionals edged slightly higher in Q2 2024 and is just above its historical average. For chief financial officers (CFOs), all the key global indicators rose, with sharp gains evident in the New Orders and Capital Expenditure indices. There were some notable regional differences . Western Europe-based accountants reported another decent increase in confidence as the euro area and UK economies continue to stage recoveries. Even Asia Pacific saw a small rise off the back of a huge gain previously, and the New Orders Index increased strongly. The region is benefitting from improvements in the global economy, including in the manufacturing sector and the upward moving technology cycle. However, North America’s financial professio

News Herald

Search This Blog