Minister pins hopes on CPEC
Says China and Pakistan should explore further opportunities for trade
Says China and Pakistan should explore further opportunities for trade. PHOTO: EXPRESS
LAHORE:
China’s investments in the energy sector would help Pakistan in overcoming power outages while the economic corridor would ensure seamless connectivity between China and other Asian countries, said Punjab Chief Minister Mian Shahbaz Sharif.
“China’s is a significant trade partner of Pakistan and its importance to our economy remains unmatched,” Sharif said while speaking at Pakistan-China Business Opportunity conference on Wednesday.
He further said that the involvement of Chinese enterprises both in term of technical and financial assistance in several development projects is reflective of our cordial relations based on mutual trust and sincerity.
Sharif termed the China-Pakistan Economic Corridor (CPEC) as an energy and infrastructure programme and added that $46 billion is the largest investment ever made by China in any foreign country. “Pakistan and China have huge potential to increase the bilateral trade as the existing volume of two-way trade between the two countries is very small compared with the total Chinese business,” said the Chinese Consul General Yu Boren.
“CPEC testifies that both Pakistan and China want to play a major role in creating enormous economic opportunities for our people”, he added.
Moreover, Pak-China Friendship Association Chairman Sha Zukang said the CPEC would further cement trade and economic ties between the two countries.
“Both countries look forward to having further exchanges of visits and more high level contacts to promote mutual friendship and cooperation in various fields including politics, economy and people to people contacts.”
Published in The Express Tribune, January 21st, 2016.
China’s investments in the energy sector would help Pakistan in overcoming power outages while the economic corridor would ensure seamless connectivity between China and other Asian countries, said Punjab Chief Minister Mian Shahbaz Sharif.
“China’s is a significant trade partner of Pakistan and its importance to our economy remains unmatched,” Sharif said while speaking at Pakistan-China Business Opportunity conference on Wednesday.
He further said that the involvement of Chinese enterprises both in term of technical and financial assistance in several development projects is reflective of our cordial relations based on mutual trust and sincerity.
Sharif termed the China-Pakistan Economic Corridor (CPEC) as an energy and infrastructure programme and added that $46 billion is the largest investment ever made by China in any foreign country. “Pakistan and China have huge potential to increase the bilateral trade as the existing volume of two-way trade between the two countries is very small compared with the total Chinese business,” said the Chinese Consul General Yu Boren.
“CPEC testifies that both Pakistan and China want to play a major role in creating enormous economic opportunities for our people”, he added.
Moreover, Pak-China Friendship Association Chairman Sha Zukang said the CPEC would further cement trade and economic ties between the two countries.
“Both countries look forward to having further exchanges of visits and more high level contacts to promote mutual friendship and cooperation in various fields including politics, economy and people to people contacts.”
Published in The Express Tribune, January 21st, 2016.