ISLAMABAD: A 16 member business delegation led by Yang Hui, Deputy Director General, Department of Commerce of Yunnan Province of China visited Islamabad Chamber of Commerce & Industry and showed interest to invest in Pakistan with particular focus on hydro energy and construction sectors. The delegation was representing hydropower, engineering, construction, roads & bridges & export credit insurance etc.
Addressing the business community, Yang Hui, Deputy Director General, Department of Commerce of Yunnan Province said that Pakistan and China were historically good friends and stressed for more cooperation between Pakistan and Yunnan Province of China. He said the purpose of their visit was to make direct interaction with Pakistani counterparts to promote business relations of Pakistan with Western part of China.
He said big companies of Yunnan Province doing business in hydropower, construction including highways, roads and bridges wanted to contribute in the development of Pakistan by establishing joint ventures here. They were also interested to cooperate with Pakistan in upgrading silk route to improve communication network between the two countries.
He said private sectors of both countries should improve direct communication to realize full potential of business opportunities. He stressed that Chambers of Commerce of both countries should develop close liaison to exchange business related information and promote business linkages. He termed Pakistan an important destination for Chinese investors and also invited Pakistani counterparts to visit Yunnan Province to explore business opportunities.
Welcoming the Chinese delegation, Muzzamil Hussain Sabri, President, Islamabad Chamber of Commerce & Industry said that Pakistan needed huge investment, especially in hydro, coal & wind energy, construction of motorways, highways & road networks and stressed that entrepreneurs of Yunnan Province should explore investment opportunities in these areas to earn lucrative returns.
He said lack of feasibilities was a major constraint in promoting joint ventures and investment between the two countries and stressed that Governments of Pakistan and China should form a Joint Committee to prepare feasibilities of projects which will help in promoting business relations between the two countries.
He was hopeful that Pak-China Economic Corridor would open a new chapter of close cooperation and create plenty of opportunities for business collaboration between the private sectors of both countries. He assured that ICCI would like to work closely with Yunnan Province to promote trade and economic relations between Pakistan and West China.
