China eyes Pakistan as potential market

Wants to invest in steel, energy, cement sectors; start joint ventures


APP June 29, 2016
Commerce ministry reviewing first phase of FTA, finds country exported in 253 out of total 7,550 tariff lines. PHOTO: REUTERS

ISLAMABAD: A delegation of Chinese investors representing various companies visited the Islamabad Chamber of Commerce and Industry (ICCI) on Tuesday and showed interest in exploring Pakistan’s steel, energy, cement and other sectors for investment and joint ventures.

Members of the delegation, comprising representatives of Zonergy Company Limited, Hebei Weilang Import and Export Group Co. Limited, said the China-Pakistan Economic Corridor (CPEC) had generated a lot of interest among Chinese investors and the purpose of their visit was to study the potential of the Pakistani market for investment and collaboration.

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Representative of the Zonergy Company said that his company’s main business scope covered the whole cloud-computing industry chain, Research and Development (R&D) of Solar PV technology and project contracting, R&D of bio-energy, of energy saving and system services, palm cultivation and oil processing trade.

Zonergy was looking at Pakistan as a prospective country for investment and Joint Ventures (JVs).

Hebei Weilang Import and Export Group is a large-scale professional enterprise engaged in manufacturing of bicycles and offering 100 kinds of products in 10 classes including BMXs, frames, forks, BB axles, front and rear axles, brake cables and baskets to clients in Europe, US, Australia, the Middle East, Africa, Southeast Asia and other areas.  The Group is interested in setting up a bicycle plant in Pakistan.

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Speaking at the occasion, ICCI Acting President Sheikh Pervez Ahmed said China had good expertise and advanced technology and the Chinese companies should take benefit from incentives offered by the government.

He also urged the Chinese investors to harvest investment-friendly policies of the current regime by enhancing investment and joint ventures in Pakistan.

Published in The Express Tribune, June 29th, 2016.

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COMMENTS (10)

hnr | 5 years ago | Reply @Asif: Good for paksitan.The little industry that Pakistan has can now pack up and import cheap low quality Chinese products.it can lead to more unemployment.After all China's interest is to sell its products.not create competition by locally manufacturing...
riz | 5 years ago | Reply No country wants to invest in Pakistan but china, so now those countries who have been financing terror in Pak are undermining CPEC through propaganda. Minded china is a economic super power and how can we be alone if china is with us.
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