Chinese delegation explores investment opportunities

Officials encourage enhanced cooperation between private sectors of both countries

Our Correspondent September 26, 2017
Businessmen walk on a street. PHOTO: REUTERS

ISLAMABAD: A delegation from China visited the Islamabad Chamber of Commerce and Industry (ICCI) to explore opportunities of joint ventures and business partnerships.

The team, from Kashgar Chamber of Commerce and Industry, was led by its vice president Zhang Shu Zhi. Speaking on the occasion, Zhang said that they intend to explore opportunities with particular focus on the China-Pakistan Economic Corridor (CPEC) projects.

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He said that the delegation members have come to Pakistan by road and they felt at home here. The Chinese official encouraged private sectors of both countries to develop close cooperation to gain maximum benefits from CPEC projects and to explore all untapped areas of mutual collaboration.

In his welcome address, ICCI President Khalid Iqbal Malik said that CPEC has opened new avenues for long-term cooperation between China and Pakistan. He, too, reiterated that private sectors of both countries should interact on a regular basis to explore joint ventures and to take active participation in CPEC projects.

Malik said that many sectors of Pakistan’s economy including construction, building materials, cement production, energy, infrastructure development and logistics offered lucrative investment opportunities and urged that more Chinese investors should explore Pakistan.

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He said that Chinese investors should bring technology and machinery to Pakistan to set up industrial units in our country.

ICCI senior vice president expressed hope that the visit would lead to materialisation of some good business deals between the entrepreneurs of both countries.

Published in The Express Tribune, September 26th, 2017.

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