Pak-China business ties going strong

Fourteen member delegation highlights Pakistan’s investment potential

LAHORE: With the finalisation of the China Pakistan Economic Corridor (CPEC) several notable dignitaries have registered their expectation from the deal and a 14-member Chinese delegation led by Wu Jingsi has said that Pakistani private sector should avail this opportunity.

During an interactive business session at the Lahore Chamber of Commerce and Industry (LCCI), the delegation gave a detailed presentation on CPEC.

The meeting was headed by LCCI President Ijaz A. Mumtaz, while Vice President Syed Mahmood Ghaznavi also spoke on the occasion.



Jingsi said that CPEC is proof of the long standing friendship between China and Pakistan. “Economic globalisation and regional integration has provided enormous opportunities for further cooperation between China and Pakistan,” said Jingsi. “Pakistan is an ideal destination of foreign investment and a top priority for Chinese investors.”

He added that Pakistan had made attractive investment policies which provided several investment opportunities.

Speaking on the occasion, the LCCI president said that an obvious increase in the frequency of Chinese delegations to Pakistan makes the country’s potential apparent.

“LCCI members are keen to interact with Chinese delegates from Jiangmen municipality for making joint efforts aimed at boosting bilateral trade and economic relations.”

Mumtaz said that in the context of ongoing projects of CPEC, the need and importance of private contacts has mounted. In this scenario, he said, the roles of chambers of commerce and organisations like Jiangmen Foreign & Overseas Chinese Affairs Bureau have widened.

“We do hope that the state level cooperation between two countries will bring greater fortune,” said Mumtaz.

He said that China is an important trading partner of Pakistan. It is the second largest importing country after UAE and regarding top exporting countries of Pakistan, China comes at second place after the USA.

Published in The Express Tribune, June 13^th,  2015.

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