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Pak-China Investment Company Launched
Saudi Press Agency Published in Saudi Press Agency on 29 - 12 - 2007

Pak-China Investment Company Limited (PCICL) has been launched to facilitate the implementation of a five-year development programme between the two sides, said an official statement.
PCICL is a joint venture between China Development Bank (CDB) and Pakistan's Finance Ministry and the company has become operational with an initial paid-up capital of $ 70 million to be increased to $ 200 million by the year 2009.
Addressing the ceremony, Finance Minister Dr Salman Shah said bilateral trade between Pakistan and China is worth $1 billion which would be expanded up to $15 billion in next five years and PCICL would work to achieve the objectives of the 5-year Development Programme.

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