ISLAMABAD - The government is expecting to attract $25 billion investment from the Pak-China Business Cooperation Summit to be held on coming Saturday, which would be presided jointly by the Premiers of China and Pakistan. The Board of Investment has organised the summit with the collaboration of Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Trading Development Authority of Pakistan (TDAP) and CCPIT China. According to the press statement issued by the Board of Investment on Wednesday, As a result of this summit almost $25 billion investment is expected to boost the Pak-China economic activities. Keeping in view the history of Pak-China Business Relations: Under Free Trade Agreement and the landmark 5-year cooperation agreement the volume of trade would be increased to $15 billion in next five years and services sector has also been included in the FTA. Pakistan and China would sign almost 23 MoUs in different sectors during the summit. Almost 260 Chinese delegates and 150 representatives of Pakistan from different investment sectors are expected to participate in summit. Meanwhile a Business-to-Business (B2B) meeting will also be organised. In B2B meeting, priority sectors for investment from China could be in the fields including oil and gas, mining, infrastructure, power (coal, hydel, gas based), IT and telecom, chemicals (fertilizer, glass, polymers), textile manufactures (value added), engineering goods, textile machinery, assembly (automobiles), electronics, automotives, agricultural implements, agricultural and agro based industry, pesticides, cool chains, food and fruit processing and packaging, live stock and dairy farming. APP from Beijing adds: Chinese Premier Wen Jiabao is going to open a branch of Industrial and Commercial Bank of China (ICBC), the top private bank of China during his visit to Pakistan starting from Friday. The ICBC is the world's biggest bank by capitalization. According to an article from a Chinese scholar published here in an English daily ahead of Premier Wen visit to all weather ally, by the end of this year, the trade between China and Pakistan will be worth $7 billion, with an annual growth rate of 29 percent. The growth rate of trade between the two countries is expected to grow by over 30 percent over the next five years and the trade volume could increase to $18 billion. But the level of economic cooperation does not reflect the close and lasting political and military ties between the two countries, writes Li Xiguang, a professor of Tsinghua University, Beijing.