Chinese investors keen for joint ventures with Pakistani counterparts
Source : Pakistan Observer Date : 28-09-2014
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Sunday, September 28, 2014 - Lahore—Chinese investors have shown their keen interest in initiating joint ventures with their Pakistani counterparts. A 19-member Chinese delegation and Deputy Director General of Bureau of Foreign Trade & Economic Cooperation of Guangzhou Municipality Cao Zhicong visited the LCCI here on Wednesday. LCCI Senior Vice President Mian Tariq Misbah presided over the meeting while LCCI Executive Committee Members Aslam Chaudhry, Mumshad Ali, Shahzad Waheed, Shahzad Ahmed, Talha Tayyab Butt and Chairman of the Standing Committee on Pak China ASEAN Economic Relations Siddiq-ur-Rehman Rana were present on the occasion. Head of the delegation said that economic globalization and regional integration has provided enormous opportunities for further cooperation between China and Pakistan. He said that Pakistan is an ideal destination of foreign investment.
He said that Pakistan had made attractive investment policies which provide a lot of investment opportunities that areprompting Chinese entrepreneurs to come and invest in Pakistan. He said that that Bureau of Foreign Trade & Economic Cooperation of Guangzhou Municipality would speed up its efforts to strengthen the trade and investment cooperation between the two countries. Speaking on the occasion, Senior Vice President of the Lahore Chamber of Commerce & Industry Mian Tariq Misbah said that China is a time-tested friend and a very important partner in Pakistan Economic Development and bilateral trade. The involvement of Chinese enterprises, both in terms of Technical and Financial assistance in several development projects is reflective of our cordial relations based on mutual trust and sincerity.
He said that though delay of Chinese President’s visit to Pakistan was a big blow to the whole nation but hopefully visit will be rescheduled soon. He said that China is very important trading partner of Pakistan and it is expected that bilateral trade between Pakistan and China will touch the figure of $ 15 billion within the next few years. Although Pakistan’s exports to China have been gradually increasing, the trade has always been in favor of China. “Our bilateral trade has grown, but it is nowhere near the potential that exists between the two countries. Pakistan has a lot to offer as it is rich in all kinds of resources.”