In­vestors en­vis­age Pak-China cor­ri­dor as great op­por­tu­nity

The Pak Banker - - NATIONAL -

Pak-China Eco­nomic Cor­ri­dor will usher in a new era of eco­nomic de­vel­op­ment be­tween the two coun­tries as it will bring rev­o­lu­tion­ary progress, es­pe­cially in Balochis­tan and Kash­gar, Chi­nese busi­ness­men said here Fri­day.

A del­e­ga­tion of Guangzhou Global Cham­ber of Com­merce of China Fri­day vis­ited Is­lam­abad Cham­ber of Com­merce and In­dus­try (ICCI) led by its Vice Chair­man Zhong Shi.

Speak­ing on the oc­ca­sion Zhong Shi, said the busi­ness­men of both coun- tries should take max­i­mum ben­e­fit of the Free Trade Agree­ment signed be­tween Pak­istan and China to im­prove bi­lat­eral trade. He said the bi­lat­eral trade has reached US$ 12 bil­lion and there is great po­ten­tial to im­prove it.

He said many Chi­nese com­pa­nies were al­ready work­ing in Pak­istan while many more were look­ing at it as a promis­ing coun­try for in­vest­ment and joint ven­tures. He said ICCI and Guangzhou Global Cham­ber should strengthen bi­lat­eral col­lab­o­ra­tion to bring the pri­vate sec­tors of both coun­tries even closer.

On the oc­ca­sion, ICCI Act­ing Pres­i­dent, Khalid Chaudhry said China was the largest trad­ing part­ner of Pak­istan and many Chi­nese com­pa­nies by work­ing in Pak­istan are ren­der­ing great con­tri­bu­tion to the eco­nomic de­vel­op­ment of our coun­try.

He said the grant of GSP Plus to Pak­istan by the Euro­pean Union has cre­ated many new op­por­tu­ni­ties for in­vest­ment and Chi­nese in­vestors should take full ben­e­fit of such op­por­tu­ni­ties by in­vest­ing in Pak­istan's tex­tile sec­tor.

En­ergy sec­tor of Pak­istan also of­fers tremen­dous prospects to for­eign in­vestors and Chi­nese com­pa­nies should also en­hance in­vest­ment in this sec­tor to earn lu­cra­tive re­turns.

He said the Pak-China Eco­nomic Cor­ri­dor project is one of the great­est ini­tia­tives that both coun­tries have agreed to ex­e­cute and its im­ple­men­ta­tion will bring plenty of eco­nomic ben­e­fits for both coun­tries.

He said Cham­bers of Com­merce of both coun­tries should en­sure fre­quent ex­change of trade del­e­ga­tions to fully tap all un­tapped ar­eas of mu­tual co­op­er­a­tion and added that ICCI del­e­ga­tion will par­tic­i­pate in the forth­com­ing Can­ton Fair in China.

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