ISLAMABAD: A 15 member delegation of Chinese companies led by Ms. Ling Yaqing, Secretary General, Worldwide Business Culture Exchange Centre visited Islamabad Chamber of Commerce and Industry to explore joint ventures and business partnerships in Pakistan. The delegation was representing various sectors including manufacturers of hydropower plants, construction machinery and material, petrochemical equipment manufacturers, food machinery, hotel articles, kitchen items, real estate and other fields
Speaking at the occasion, Yin Lin Bing, Secretary General, Worldwide Business Culture Exchange Centre (WBCEC) of China said that in pursuit of Chinese President’s One Belt One Road strategy, WBCEC was taking Chinese business delegations to various countries to explore business partnerships with local partners. She said so far WBCEC has taken Chinese delegations to more than 90 countries and signed contracts and MoUs of billions of dollars. She said Chinese investors considered Pakistan a potential market for diversified businesses and have come here to explore opportunities for JVs and investment. She said both countries have good potential to cooperate in many other areas and hoped that their visit to Pakistan would lead to establishment of some good business partnerships between Pakistan and China.
Speaking at the occasion, Khalid Iqbal Malik, President, Islamabad Chamber of Commerce and Industry said that CPEC project has bound both countries into a long-term and sustainable partnership. He urged that Pakistan and China should give private sectors leading role in this historic project. He said that Pakistani entrepreneurs were keen to enter into joint ventures with Chinese counterparts in CPEC. He said China was importing raw material and goods worth billions of dollars to meet the needs of its domestic industry and stressed that China should focus on enhancing its imports from Pakistan that would also improve our trade balance with it.
He briefed the Chinese delegation about investment potential in various sectors of Pakistan’s economy including hydro and solar power generation, infrastructure development, real estate, construction, mining and many other areas. He stressed that Chinese investors should bring technology & machinery and set up joint ventures with Pakistan in areas of interest. He assured that ICCI would provide all possible cooperation to Chinese investors in such efforts. Khalid Malik Senior Vice President ICCI, Zafar Bakhtawari, Zahid Maqbool and others also spoke at the occasion. At the end, both sides held B2B meetings.
