BEIJING, Oct. 17 (Independent Report /
The Hong Kong General Chamber of Commerce (HKGCC) and the Industries, Commerce & Investment Department (ICID) Punjab have signed a Memorandum of Understanding (MoU) to enhance bilateral cooperation in trade, investment, and economic development between Hong Kong Special Administrative Region (HKSAR) and Punjab, Pakistan.
The MoU, signed at the HKGCC headquarters, establishes a comprehensive framework to promote business opportunities, exchange market intelligence, and jointly organize trade promotion activities.
Agnes Chan, Chairperson of HKGCC, and Chaudhry Shafay Hussain, Minister for Industries, Commerce & Investment, Punjab, signed the agreement on behalf of their respective sides, Gwadar Pro reported Friday.
According to the agreement, both parties aim to generate mutual benefits for their business communities, leveraging the investment incentives and industrial infrastructure offered by the Punjab government while strengthening Hong Kong’s global role as a “super-connector” in regional trade.
Minister Chaudhry Shafay Hussain said that Punjab’s industrial ecosystem is rapidly attracting international companies due to tax holidays, leased land in industrial zones, and low-cost skilled labour.
He emphasized that foreign investments are creating jobs, transferring modern technology, and driving sustainable economic growth in the province.
> “This collaboration with HKGCC marks a significant milestone in attracting investment, promoting our exports, and strengthening people-to-people ties, leading to shared prosperity for both Hong Kong and Punjab,” he stated.
Agnes Chan noted that the Chamber’s mission is to facilitate global connectivity for its members, adding:
> “This MoU opens new doors for exploring opportunities, fostering mutual understanding, and advancing growth between our two dynamic economies.”
The partnership reflects Hong Kong’s strategic engagement with Pakistan’s industrial sector and Punjab’s growing appeal as a hub for foreign direct investment (FDI), export diversification, and regional trade integration under emerging Asia-Pacific economic frameworks.
