Busi­ness­men say Wen’s visit to en­cour­age in­vestors

The Pak Banker - - 2national -

IS­LAM­ABAD: The visit of Chi­nese Premier, Wen Ji­abao to Pak­istan would build the con­fi­dence of for­eign in­vestors for in­vest­ment in dif­fer­ent sec­tor of na­tional econ­omy.

Talk­ing to APP here on Sun­day Pres­i­dent ICKY Me­hfooz Elahi said that his visit would fur­ther en­hance eco­nomic and trade co­op­er­a­tion be­tween the two friendly coun­tries, be­sides boost­ing the con­fi­dence of the busi­ness com­mu­nity.

"Chi­nese Premier has come with a large busi­ness del­e­ga­tion com­pris­ing about 250 top busi­ness­men, hence pro­vid­ing an op­por­tu­nity to the busi­ness per­sons to ex­plore ways for de­vel­op­ing trade re­la­tions with their Chi­nese coun­ter­parts," he added.

He said he was op­ti­mistic that the visit would pave way for en­hanced trade to meet the tar­get of en­hanc­ing trade vol­ume to $15 bil­lion by 2015.

Pak­istan, he said has multi-di­men­sional and deep­rooted re­la­tion­ship with China and long-stand­ing ties of friend­ship be­tween the two coun­tries are un­der­pinned by mu­tual trust and con­fi­dence.

A num­ber of agree­ments, worth mil­lions of dol­lars, in dif­fer­ent sec­tors in­clud­ing en­ergy, in­fra­struc­ture, en­gi­neer­ing, tele­com, tourism, min­eral and min­ing, au­to­mo­bile and agri­cul­ture signed dur­ing the Premier's visit, he added.

He said Pak­istan was an agro-based coun­try, how­ever, agri­cul­ture pro­duc­tiv­ity is not up to the mark due to use of tra­di­tional mea­sures, adding Pak­istan was look­ing for­ward to China to give technology for as­sis­tance to mod­ern­ize agri­cul­ture.

He was of the view that es­tab­lish­ment of in­dus­trial fa­cil­i­ties and upgra­da­tion of com­mu­ni­ca­tion in­fra­struc­ture, be­sides boost­ing trade be­tween the two coun­tries will also en­hance re­gional con­nec­tiv­ity.

He ap­pre­ci­ated the Pres­i­dency level meet­ing be­tween both coun­tries to re­solve Pak­istan's en­ergy cri­sis through devel­op­ment of hy­del, ther­mal and so­lar en­ergy projects adding that Chasma project was sub­se­quently re­sumed as a co­op­er­a­tive project be­tween Pak­istan and the China Nu­clear En­ergy In­dus­try Cor­po­ra­tion.

Mafooz said China and Pak­istan have wit­nessed steady growth in mu­tual in­vest­ments in re­cent years adding in­vest­ment of more than $1.3 bil­lion was made by China in Pak­istan in the last few years.

He said that the com­bined ef­fect cer­tainly will be Pak­istan's eco­nomic re­vival adding im­proved re­la­tions with China will also con­trib­ute to­wards Pak­istan 's se­cu­rity in the chang­ing re­gional geopo­lit­i­cal en­vi­ron­ment. -App

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