ISLAMABAD: A 15 member Chinese delegation led by Hubei Province Vice Governor Gan Rongkun, visited Islamabad Chamber of Commerce and Industry (ICCI) to discuss prospects of investment and joint ventures in One Belt One Road and China-Pakistan Economic Corridor projects.
The delegation showed interest to explore investment opportunities in energy and infrastructure development projects including constructions of roads, airports and railway network in Pakistan.
They said both countries have good potential to enhance cooperation in auto manufacturing, steel, cement, power generation, services industry and many other areas. They said Pakistan now has political stability and growing economy and these factors were stimulating interest in Chinese investors to explore Pakistan for investment and joint ventures. They said China State Construction Corp has already participated in many construction projects in Pakistan including Centaraus, new Islamabad airport and Chinese investors would construct a 392 KMs superhighway to connect Islamabad with other cities and industrial park in Pakistan. They said Chinese investment would create about 10,000 jobs in Pakistan.
They said Hubei Province of China has strong industrial base, great expertise in developing modern transportation systems with advanced technology and it wanted to develop close trade and industrial cooperation with Pakistan on win-win basis. They also invited Pakistani businessmen to visit Hubei Province to explore business opportunities as it enjoyed strategic location in the center of China with huge business potential.
In his welcome address, ICCI President Atif Ikram Sheikh said that CPEC was considered a game changer for Pakistan and more Chinese investors should be encouraged to participate in this historic project for its timely completion. He said there was huge potential of investment in many sectors of Pakistan’s economy including energy, infrastructure, mining, manufacturing, engineering, IT and others while CPEC was poised to open new horizons of investment opportunities between China and Pakistan.
He said China has good expertise and advanced technology while Pakistan offered attractive incentives to foreign investors. He urged that Chinese investors should harvest the investment friendly policies of the current regime by enhancing investment and joint ventures in Pakistan. He assured that ICCI would provide all possible cooperation to Chinese businessmen in identifying business opportunities in Pakistan and connecting them with right counterparts. Sheikh Pervez Ahmed Senior Vice President and Sheikh Abdul Waheed Vice President ICCI also briefed the delegation about the benefits of investing in Pakistan.
