Board of Investment facilitates signing of bilateral Pakistan-China MoU in the tourism sector under the auspices of Shanghai Cooperation Organization

Islamabad, September 16, 2021 (PPI-OT):Secretary Board of Investment (BOI), Ms. Fareena Mazhar expressed that the signing of a MoU on Establishing Cooperation Mechanisms among SCO Tourism Cities between the Qingdao Tourism Association and the provinces of Punjab and Sindh will prove to be a stepping stone in rejuvenating two-way tourism relations between Pakistan and China.

Ms. Mazhar stated that that BOI strongly believe that now is the time to join hands and facilitate two-way tourism related business initiatives between China and Pakistan, as the aspiration to promote the tourism sector comes from the highest office.

Prime Minister, Imran Khan, has time and again reiterated the need for the development of the Tourism sector in Pakistan. Project Director of the Board of Investment (BOI), Islamabad, on Industrial Cooperation under CPEC, Mr. Asim Ayub, said that Pakistan has immense investment potential in the Tourism Sector and BOI is undertaking rigorous efforts to facilitate bilateral investment cooperation between Pakistan and China. He expressed these views while addressing an online China-Pakistan Two-way Tourism Promotion Conference facilitated and organized by BOI from Pakistan’s side on Thursday.

Mr. Aftab-ur-Rehman Rana, MD, PTDC, Mr. Wang Rongguo, Researcher of Shandong Provincial Department of Culture and Tourism, Mr. Hao Guoxin, Deputy Director of Shanghai Cooperation Organization (SCO) Demonstration Area (SCO-DA), Mr. Muhammad Ali Khoso, Managing Director of Sindh Tourism Development Corporation, Mr. Muhammad Tanveer Jabbar, Managing Director, Tourism Development Corporation of Punjab, Mr. Fang Peng, General Manager of SCO-DA, Mr. Wang Zihai, Honorary Investment Counsellor of BOI and Director of Pakistan China Center, besides others representatives from the Tourism Departments of Shandong, Weihai, Rushan, Qingdao, Punjab and Sindh, were present on the occasion.

BOI appreciated the efforts undertaken by the Honorary Investment Counsellor (HIC) of Pakistan in China, Mr. Wang Zi Hai for providing his learned opinion and cooperation to BOI in organizing the conference while taking on board the representatives from the Federal and Provincial Tourism Development Corporations from the Pakistan side.

Qingdao, the major metropolis of the Shandong province, and known as the “the Switzerland of the East” is cooperating with the provinces of Punjab and Sindh will go a long way in paving way for a sustainable bilateral tourism development journey. Qingdao has already established sister city relations with Karachi, which is the largest and the most economically vibrant coastal city of Pakistan.

Both cities are bestowed with enormous potential for Cultural and Touristic Cooperation. Mr. Aftab-ur-Rehman Rana, Managing Director of Pakistan Tourism Development Corporation (PTDC) delivered a brief presentation on the tourism sector of Pakistan. He informed that Pakistan is one of the few countries in the world which is blessed with diverse inventory of tourism attractions and unique endowments of national landscape features.

Mr. Xia Peng, Director of Business, Tourism, Culture department of Management Committee of the SCO Demonstration Area, stated that the aim of signing the MoU is to market and promote Pakistan and China’s high-quality cultural and tourism resources, and facilitate the mutual understanding between the people of the two countries.

Mr. Muhammad Ali Khoso, Managing Director of Sindh Tourism Development Corporation, Pakistan, introduced the audience to the immense potential for Tourism in the Province of Sindh. Mr. Muhammad Tanveer Jabbar, Managing Director of Tourism Development Corporation of Punjab, Pakistan, expressed his views on the significance of the bilateral tourism promotion initiative and informed the participants regarding Punjab’s tourism resources.

He informed that it was for the first time that the province of Punjab has collaborated with the Chinese provinces in the tourism sector in an inclusive manner. Mr. Wang Zi Hai, Honorary Investment Counsellor (HIC) of BOI in China, thanked the BOI team for facilitating such an impactful online conference, and for ensuring the participation from relevant Federal and Provincial tourism departments in Pakistan.

The signing ceremony of the Initiative on Establishing Cooperation Mechanisms among SCO Tourism Cities took place online during the conference. Representatives from Sindh Tourism Development Corporation, Tourism Development Corporation of Punjab, and Qingdao Tourism Association signed the document which was accepted with an overwhelming sense of enthusiasm and the conviction among the participants to undertake impactful tourism projects under the umbrella of the MoU.

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