Business community welcomes economic corridor with China
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.