Investors envisage Pak-China corridor as great opportunity
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.