Busi­ness com­mu­nity wel­comes eco­nomic cor­ri­dor with China

Enterprise - - News -

The busi­ness com­mu­nity in Pak­istan has wel­comed the sign­ing of an agree­ment be­tween Pak­istan and China for fur­ther ce­ment­ing eco­nomic ties be­tween the two neigh­bours. The busi­ness com­mu­nity will con­tinue to ex­tend co­op­er­a­tion to the govern­ment for strength­en­ing of bi­lat­eral re­la­tions. This has been stated by the Pak­istan In­dus­trial and Traders As­so­ci­a­tions Front (PIAF) Chair­man Ma­lik Tahir Javed and Se­nior Vice Chair­man Khamis Saeed Butt. ‘The busi­ness com­mu­nity’s morale got a new boost due to the visit of Chi­nese PM and sign­ing of the agree­ments,’ they said.

They ob­served that bi­lat­eral eco­nomic re­la­tions be­tween Pak­istan and China were al­ready grow­ing at the de­sired pace and the visit of the Chi­nese pre­mier had fur­ther ac­cel­er­ated the process.

They said the agree­ment on en­ergy would help over­come the elec­tric­ity cri­sis in the coun­try but called for mea­sures on a war foot­ing for the ex­e­cu­tion of the agree­ments be­tween the two coun­tries.

The PIAF lead­ers said the en­ergy cri­sis had par­tic­u­larly de­stroyed in­dus­trial pro­duc­tion and a large num­ber of in­dus­trial units had al­ready shifted to other coun­tries but the Pak-China agree­ments would help bring back in­vest­ment.

They said the Gwadar Port was a bright ex­am­ple of PakChina re­la­tions and in fu­ture both coun­tries would be able to get their pres­ence felt at the in­ter­na­tional level.

The PIAF lead­ers said hun­dreds of Chi­nese com­pa­nies were al­ready do­ing great busi­ness in Pak­istan that is a gate­way to land­locked Cen­tral Asian Es­tates.

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