Punjab Board of Investment and Trade signs memorandum of understanding with Bellegprom, Belarusian entity

Islamabad, May 25, 2015 (PPI-OT): The Punjab Board of Investment and Trade signed a memorandum of understanding (MOU) with Bellegprom, Belarus on May 25, 2015 in Islamabad. The MOU was signed by CEO PBIT, Mr. Mohammad Ilyas Ghauri and Chairman Bellegprom Mr. Mikalai Yafimchyk.

Bellegprom, acting on the basis of its Charter, is the union of state and other juridical entities, subordinates to the Council of Ministers of the Republic of Belarus, represents the interests of more than 80 organizations of different forms of ownership.

The MoU is designed to bolster Investment and Trade Promotion between respective regions. In this regard, PBIT would endeavour to establish required contacts and business partners for Bellegprom in Punjab-Pakistan and vice versa. For the said purpose the parties may jointly utilize their resources with proper plan specifically in the sectors such as Light Industry, Textile, Leather, and Research and Development.

Both PBIT and Bellegprom jointly or individually will organize conferences, seminars, visits, and/or participate in such events organized by other party. Both parties will particularly exchange investment related business delegation visits with mutual consent.

The MoU also states that both organizations will work to the best of their capabilities to generate investment leads and share information on the opportunities, specifically in sectors identified. In this regard, representatives of the Parties shall interact frequently electronically or otherwise.

The Parties may provide facilitation services to each other and the capable investors by providing specific product information, identification of joint venture partners, facilitating procedural matters with the respective authorities remaining within respective legal mandate. The parties may also provide assistance in introduction of modern forms and methods of training of specialists for the light industry.

For more information, contact:
Punjab Board of Investment and Trade (PBIT)
23-Aikman Road, GOR-I, Lahore
Tel: +92-42-99205201-06
Fax: +92-42-99205171
Email: info@pbit.gop.pk
Website: www.pbit.gop.pk