News & Events

May 2024: First Finance Facility Agreement for Export of Chillies from Pakistan to China signed between PCICL & LTEC


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17 May, 2024


May 2024: First Finance Facility Agreement for Export of Chillies from Pakistan to China signed between PCICL & LTEC


Pak China Investment Company Limited (PCICL) and LTEC International Agriculture Development Company Limited (LTEC) finalized and have signed a finance facility agreement for the export of chillies from Pakistan to China. This agreement marks a significant milestone as LTEC becomes one of the flagship agricultural projects under the China-Pakistan Economic Corridor (CPEC), facilitating Pakistani businesses to access the expansive Chinese market.

The signing ceremony was witnessed by Mr. Yang Guangyuan, Minister Counsellor from Embassy of China, Ms. Naghmana Hashmi, Former Ambassador of Pakistan to China and EU & Dr. Akmal Siddique, Technical Advisor, Ministry of National Food Security & Research. Mr. Hassan Raza, Managing Director PCICL, Mr. Jiang Ketao, Deputy Managing Director PCICL & Mr. Duan Hongjun, CEO LTEC along with the management teams from both sides were also present on the occasion.

PCICL is striving to promote trade and investment between Pakistan and China. Company’s involvement in numerous CPEC projects, including mega power ventures, underscores its pivotal role in Pakistan's economic development. The extension of finance facility to LTEC marks a significant initiative of PCICL, solidifying its position as a key local lender of CPEC projects. LTEC; with its strong presence in the food industry in China, is establishing its mark as a distinguished company renowned for pioneering Chinese chilli contract farming project.

Under the agreement, PCICL will provide advisory and funding to LTEC to facilitate its chilli exports to China, aligning with PCICL's mission to catalyze economic growth and export opportunities between Pakistan and China. Speaking at the ceremony, Mr. Raza expressed confidence in the potential of Pakistan's agriculture sector to expand exports to China and PCICL’s commitment to provide advisory and financing facilities to the industry to capitalize on this potential.

Mr. Duan highlighted Pakistan's significant position as the fourth largest chilli producer globally and China's soaring demand for dry chilli, which presents a significant opportunity for Pakistan to tap into a lucrative market & expand its pepper export to China.

January 2024: Pak China Investment Company Signed MoU with & LONGi Solar Technology Co. Ltd


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22 Jan, 2024


January 2024: Pak China Investment Company Signed MoU with & LONGi Solar Technology Co. Ltd


A memorandum of understanding (MoU) was signed between Pak China Investment Company (PCICL) & LONGi Solar Technology Co. Ltd paving the way for collaboration & to establish long-term cooperation in the promotion, installation and development of photovoltaic business in Pakistan.
Managing Director of PCICL; Mr. Hassan Raza, Mr. Abbas Hamadani, Group Head CIBG and Mr. Fu Chaoqing, Group Head CPEC Promotion visited LONGi's office in Lahore. Mr. Ali Majid, Country Head LONGi along with senior Executives of his team graced the occasion.

Paving the way for sustainable energy solutions! 

October 2023: MOU Signed between Pak China Investment Company Limited & China Machinery Engineering Corporation in Beijing


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16 Nov, 2023


October 2023: MOU Signed between Pak China Investment Company Limited & China Machinery Engineering Corporation in Beijing


A memorandum of understanding (MoU) has been signed between Pak China Investment Company (PCICL) & ChinaMachineryEngineering Corporation (CMEC) paving the way for collaboration & growth opportunities for the projects under development of CMEC. The MoU aims to open doors for various collaboration opportunities such as working capital facility, supply chain financing, equity investing and any other financial services required by CMEC in Pakistan.
The MoU was formalized during a ceremony in Beijing, China. Managing Director of PCICL; Mr. Hassan Raza & Vice President of CMEC; Mr. Li Kan signed the MoU on the occasion.
CMEC has solidified its position in the global market. CMEC is a renowned company and a core subsidiary of SINOMACH. Established in 1978, CMEC holds the distinction of being China’s first engineering & trade Company. Over the Past four decades, CMEC has grown internationally. The company focuses on engineering contracting and industrial development, with a comprehensive industry chain encompassing trade, design, survey research and development.
PCICL was established in 2007 with the aim of promoting trade and investment between Pakistan and China. Their wide range of financial services has been instrumental in driving growth and progress in Pakistan. The company’s objective is to finance economically viable and technically feasible projects. Over the past 15 years, PCICL has played a crucial role in the economic development of Pakistan. They actively advise and attract Chinese investment in various sectors such as infrastructure, industrial, agriculture, services, information technology and manufacturing. PCLCL has participated in several mega power projects under the CPEC through funded and non-funded facilities.  Top of Form
Both companies reaffirmed the time-tested and strong friendship between Pakistan and China and exchanged views on the myriad facets of bilateral engagement.
Speaking on the occasion, Mr. Raza said that signing this MoU between PCICL and CMEC aims to further enhance bilateral trade & investment between China & Pakistan. Mr. Li expressed his positive anticipations for future investment in Pakistan and it will be a great step towards enhancing economic cooperation, emphasizing the brotherly relation between two countries.
According to the MoU, both sides agreed to cooperate and establish a comprehensive cooperation model, with the objective to leverage the strengths of both parties and enhance the bilateral financial Cooperation. 

April 2023: MOU Signing Ceremony Between NIBAF & PCICL


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20 Apr, 2023


April 2023: MOU Signing Ceremony Between NIBAF & PCICL


 Pak China Investment Company Limited and National Institute of Banking and Finance (NIBAF); a subsidiary of State Bank of Pakistan, signed an MoU on April 11, 2023. The ceremony was held at NIABF, Islamabad and MoU was signed by Mr. Jiang Ketao Managing Director PCICL and Mr. Riaz Nazarali Chunara, Managing Director NIBAF.  
 
   

December 2022: Outstanding Pakistani Staff for CPEC Projects


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14 Feb, 2023


December 2022: Outstanding Pakistani Staff for CPEC Projects


Mr. Hussain Feroz Rattani, Divisional Head, Corporate Banking of PCICL has been awarded as Outstanding Pakistani Staff for CPEC Project on his valuable input & initiatives for the CPEC Projects. The award is highly valued by the Pakistani side and warmly praised by the National Development and Reform Commission, Chinese Embassy and other domestic authorities. The award ceremony was held at Chinese Embassy at Islamabad, with Mr. Ahsan Iqbal, the Minister of Planning, Development and Special Initiatives for the Government of Pakistan as Chief Guest of the occasion.  
 

September 2022: Chief Representative of Power China in Pakistan \Chairman of All Pakistan Chinese Enterprise Association (APCEA), Mr. Yang Jianduo visited PCICL


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22 Sep, 2022


September 2022: Chief Representative of Power China in Pakistan \Chairman of All Pakistan Chinese Enterprise Association (APCEA), Mr. Yang Jianduo visited PCICL


Mr. Yang Jianguo, Chief Representative of Power China in Pakistan and also Chairman of All Pakistan Chinese Enterprise Association (APCEA) visited PCICL and hold a meeting with Mr. Jiang Ketao. Both sides agreed to strengthen cooperation in projects undertaken by Power China in Pakistan. Mr. Yang also appreciated the role of PCICL as member of APCEA.
 

Sep 2022: Syed Manzoor Hussain Zaidi, CEO of Engro Pwergen Thar (Pvt) Ltd and Mr. Farooq Barkat, CFO of Engro Energy Limited visited PCICL


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22 Sep, 2022


Sep 2022: Syed Manzoor Hussain Zaidi, CEO of Engro Pwergen Thar (Pvt) Ltd and Mr. Farooq Barkat, CFO of Engro Energy Limited visited PCICL


Syed Manzoor Hussain and Mr. Farooq Barkat had a detailed discussion with - Mr. Jiang Ketao. Mr. Jiang firstly introduced the history and working performance of PCICL in Pakistan; then he discussed the future development of CPEC and the corporation between PCICL and Engro Cooperation.Syed Manzoor Hussain appreciated the support of PCICL for various CPEC projects; he also introduced the detail operating condition of the two CPEC projects located in Thar, and he believed these two projects truly helped Pakistan to save foreign exchange on energy generation. Mr. Farooq Barkat emphasized the cooperation with CDB and PCICL, and he suggested new areas for mutual cooperation in agricultural, telecom and various other ventures of Engro Corporation.

Sep 2022: Visit of Mr. Danyaal Jamal, CFO of Thar Energy Limited (TEL) and Thal Nova Power Thar (Private) Limited (TN)


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22 Sep, 2022


Sep 2022: Visit of Mr. Danyaal Jamal, CFO of Thar Energy Limited (TEL) and Thal Nova Power Thar (Private) Limited (TN)


Mr. Danyaal Jamal and his team visited PCICL and to have a meeting with Mr. Jiang Ketao, Managing Director (A), Mr. Fu Chaoqing, Group Head CPEC Promotion Group and Mr. Abbas Hamadani, Group Head Corporate  Ban. Mr. Fu and Mr. Hamadani briefed the role and performance of PCICL in Pakistani market and particularly the contribution to attract Chinese investors. Mr. Danyaal Jamal firstly thanked for the working capital support from PCICL on TEL and TN. The sponsors of TEL and TN are HUBCO, which is one of the biggest private energy company in Pakistan. He shared the significance of the projects like TEL and TN; being the CPEC projects and have significant importance to meet the energy demand of Pakistan and that too by saving the scare foreign reserves. Mr. Jiang expressed his gratitude for the visitors at the end and both parties agreed to enhance to cooperation in future.

August 2022: Ms. Amanda Cheng, Country Manager & Head of FIs, HBL China Operations Visited PCICL to Meet the Managing Director of PCICL


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22 Sep, 2022


August 2022: Ms. Amanda Cheng, Country Manager & Head of FIs, HBL China Operations Visited PCICL to Meet the Managing Director of PCICL


Mr. Jiang Ketao held a meeting with Ms. Amanda Chengat PCICL Head office. Ms. Amanda shared the history and key business of HBL and also major operations of Beijing Branch of the bank. Both sides discussed the RMB internationalization and agreed to strengthen the cooperation between the two institutions in the future.

June 2022: -Xinjiang Bayi Iron and Steel, the Pre-Qualified Bidders for Pakistan Steel Mills Limited Visited Pakistan


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22 Sep, 2022


June 2022: -Xinjiang Bayi Iron and Steel, the Pre-Qualified Bidders for Pakistan Steel Mills Limited Visited Pakistan


One of the pre-qualified bidders for Privatization of Pakistan Steel Mills Corporation; Xinjiang Bayi Iron and Steel, visited Pak China Investment Company Limited. Being the Financial Advisor of Government of Pakistan for privatization of Pakistan Steel Mills Corporation, Investment Banking Team assisted the delegation during the visit & arranged their meetings with different Government officials. The delegation met with government officials of various departments such as Ministry of Industries and Production, Ministry of Maritime Affairs, Ministry of Finance, Ministry of Commerce, National Tariff Commission, Board of Investment, State Bank of Pakistan, Federal Board of Revenue, Sindh Revenue Board, and Industries and Commerce Department of Sindh. The delegation also visited PSMC site and Iron Ore and Coal Berth to assess the condition of the plan.

November 2021: K-Electric, 900 MW RLNG Project Financing Documents Signing Ceremony in Dubai


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22 Sep, 2022


November 2021: K-Electric, 900 MW RLNG Project Financing Documents Signing Ceremony in Dubai


Mr. Abbas Ather Hamadani, Group Head Corporate Banking along with his team attended the RLNG project financing documents signing ceremony held in Dubai. Signing ceremony was arranged by K-Electric Limited, where all lenders of 900 MW RLNG Power Plant were invited for official Financial Closure of project facility amounting to USD 613 million.

The meeting was attended by KE Officials, including Mr. Monis Alvi (CEO) along with the foreign and local financial institutions. PCICL participated in the facility by PKR 1 billion.
 
 
 
 
 

June 2022: Mr. Farrukh H Khan, CEO of Pakistan Stock Exchange Limited Visited Pak China Investment Company


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22 Sep, 2022


June 2022: Mr. Farrukh H Khan, CEO of Pakistan Stock Exchange Limited Visited Pak China Investment Company


Mr. Farrukh H Khan, CEO of Pakistan Stock Exchange Limited (PSX) visited Pak China Investment Company to hold in- person meeting with Mr. Jiang Ketao, shareholder Director of PSX. Mr. Tariq Mehmood, Group Head Investment Banking and Mr. Zhou Ke, Assistant Group Head CPEC Promotion Group were also participated in the meeting.  Mr. Farrukh shared the salient aspects of the strategic business plan of PSX and future strategy for growth of capital market in Pakistan. Mr. Farrukh also appreciated the role being played by PCICL through equity investments in economically viable projects.
 

June 2022: Ms. Zhang CEO of Deli-JW Glassware Company Limited Visited Pak China Investment Company


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22 Sep, 2022


June 2022: Ms. Zhang CEO of Deli-JW Glassware Company Limited Visited Pak China Investment Company


Ms. Zhang, CEO of Deli-JW Glassware Company Limited Visited Pak China Investment Company in June, 2022. She appreciated PCICL’s role in facilitation of the Chinese investment in Pakistan, and is also assisting in financing of the Deli-JW project. Pak China Investment Company Limited acted as the lead arranger and advisor for the Syndicated Term Finance Facility up to PKR 2,474 million for the procurement of land, equipment and payment of import charges to achieve COD. The objective of the project is to establish a modern, world-class Glass Manufacturing Complex for the production of premium, export quality glass products in Pakistan. The project will utilize the natural resources in Pakistan and use latest technology to convert into glassware, float glass and other kinds of glass products.

June 2022: VIS Assigns Long Term Entity Rating of 'AAA' to Pak China Investment Company Limited


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11 Aug, 2022


June 2022: VIS Assigns Long Term Entity Rating of 'AAA' to Pak China Investment Company Limited


VIS Credit Rating Company Limited (VIS) re-affirmed the entity ratings of Pak China Investment Company Limited at ‘AAA/A-1+’ (Triple A/A-One Plus). The medium to long-term rating of ‘AAA’ denotes highest credit quality, with negligible risk factors, being only slightly more than for risk-free debt of Government of Pakistan. The short-term rating of ‘A-1+’ denotes highest certainty of timely payment, liquidity factors are outstanding and safety is just below risk-free short-term obligations of GoP. Outlook on the assigned ratings is ‘Stable’. Complete rating report is accessible at following link at VIS Rating Agency’s website:

https://docs.vis.com.pk/RatingReports/OP_01040101008_00010401.pdf

May 2022: Signing of MoU between Pak China Investment Company Limited and Industrial & Commercial Bank of China Limited


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11 Aug, 2022


May 2022: Signing of MoU between Pak China Investment Company Limited and Industrial & Commercial Bank of China Limited



A Memorandum of Understanding (MoU) was signed between Pak China Investment Company (PCICL) & Pakistan operations of Industrial and Commercial Bank of China Limited (ICBC) to provide better financing and advisory services to Pakistani and Chinese Companies, especially to the projects under China-Pakistan Economic Corridor (CPEC).  
 Chinese Counsellor from Embassy of the People's Republic of China in Pakistan was Chief Guest of the signing ceremony held at Chinese Embassy. The ceremony was attended by Mr. Jiang Ketao, Managing Director (A) of PCICL and Mr. Yuan Baoxin, Head of ICBC Islamabad operations along with senior management of both institutions. 
 
According to the MoU, both sides agreed to cooperate on the basis of this MoU, and finalize a comprehensive cooperation model to facilitate and offer financial facilities (funded / non-funded) to Pakistani and Chinese companies. Both companies hoped that this MoU between PCICL and ICBC would further strengthen business relations between Pakistan and China.