Chinese visit LCCI: ‘Govt doing utmost to facilitate investors’

Representatives from both countries pledge to give momentum to two-way trade

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Vice President Nasir Saeed has said that foreign investors are now realising the potential of the China-Pakistan Economic Corridor (CPEC).

He said this during an 11-member Chinese delegation visit led by Zhao Michael Shu at the LCCI.

The Chinese delegation belonged to various sectors including energy, construction, environmental protection, equipment manufacturing, trade and logistics sector. They held business-to-business (B2B) meetings with their Pakistani counterparts and pledged to give momentum to two-way trade through joint-ventures.

“The on-going projects under CPEC and the unmatched pace of work for the timely completion are inspiring the business community to consider Pakistan for the expansion of trade and investment relations,” said the LCCI Vice President.

“It is encouraging to see that the public and private sectors from both countries are actively engaged in policy consulting, technology exchange and brand recognition,” he added.

Saeed further said that Pakistan government is trying its best to facilitate foreign investors to bring business here and has ensured that the transfer of funds and profits are easily carried out.

“The federal and provincial governments are taking all possible steps to increase foreign investment in the country. In such a situation, the Chinese companies can benefit most by interacting with local chambers,” he said.

“The CPEC is an overall cooperation platform with a focus on long-term development of bilateral cooperation in various fields,” added the head of the Chinese delegation Zhao Michael Shu.

Published in The Express Tribune, September 1^st, 2016.

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