Chinese businesses look for trade in minerals, steel

Invite Pakistani investors to also explore opportunities in China

LAHORE:

Chinese businessmen have underlined the immense potential of increasing trade and investment with Pakistan, particularly in sectors like minerals, gold, medical equipment and steel as Beijing has made advancements in these industries recently.

They emphasised that the deep-rooted friendship between the two countries provided a strong foundation for expanding economic cooperation.

The businessmen were part of a high-level delegation of the Shandong Chamber of Commerce and Industry, China, which visited the Lahore Chamber of Commerce and Industry (LCCI). Delegation head Li Chong shared insights into China's recent advancements in different industries and expressed confidence that collaboration with Pakistani businesses could yield mutually beneficial results.

He noted that the Chinese delegation was not only interested in investing in Pakistan but was also keen to invite Pakistani investors to explore opportunities in China.

The delegation underscored the need for setting up joint venture projects, which would create a win-win situation for both countries, leading to sustainable economic development.

Speaking on the occasion, LCCI Vice President Adnan Khalid Butt praised the consistent interest of Chinese trade missions in engaging with the Lahore Chamber, recognising it as a pivotal hub for deepening trade relations.

He acknowledged the vital role of the delegation in exploring business opportunities, which could further strengthen economic ties. Butt underlined the importance of cooperation in sectors such as minerals, steel structures, goldmines, salt mines, construction and medical equipment.

He emphasised that the Pakistani business community was eager to collaborate with Chinese enterprises in those fields with the aim of fostering long-term partnerships that could lead to significant economic growth.

He also highlighted the ongoing efforts to facilitate interactions, noting that the Lahore Chamber provided a robust platform for policy consultation, technological exchanges, market networking, investment talks and brand recognition.