PESHAWAR:The Khyber Pakhtunkhwa Board of Investment and Trade (KPBoIT) and the Hangzhou Municipal Bureau of Commerce, China, have formalized their commitment to strategic collaboration in the realm of e-commerce and related IT opportunities for investment in Khyber Pakhtunkhwa through the signing of a Memorandum of Understanding (MoU). The signing ceremony took place during the China Innovation Summit, an initiative led by CAREC that fosters cooperation, collaboration, and the promotion of e-commerce and related IT interventions.
Representing the CEO of KPBoIT, Gul Mohammad, the board’s representative, signed the MoU with the Director of Hangzhou Municipal Bureau of Commerce. Hangzhou, known for its diverse industrial sectors such as light industry, agriculture, and textiles, serves as a crucial manufacturing base and logistics hub for coastal China. It is also recognized as a prominent e-commerce and technology hub.
Mr. Iqbal Sarwar, the Director of Business Promotion at KPBoIT, highlighted that the MoU aims to connect Chinese investors with Khyber Pakhtunkhwa, facilitating the establishment of e-commerce-related facilities in the region. Additionally, the agreement seeks to facilitate collaboration and experience sharing between local service providers and their Chinese counterparts. This strategic engagement is expected to attract investors from various countries, further promoting investment in the burgeoning e-commerce sector.
