AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad, January 22, 2016 (PPI-OT): Pakistan Business Council hosted a session for the delegate of 100 Chinese investors today. The session included B2B interactions with premier Karachi based businesses; the Chinese delegation was briefed about the investment opportunities and potential in various sectors of the country.
Ambassador Sha Zukhang, Head of the Chinese Delegation – who was also the chief guest of the session-briefed the attendees about the initiative and interest of Chinese businessmen in supporting the economy of Pakistan. He also admired the efforts made towards China-Pakistan Economic Corridor (CPEC) through dedication of various stakeholders in both countries.
A brief presentation to the Chinese delegates and audience was made by local stakeholders including Ejaz Ali Khan The Additional Chief Secretary for Planning and Development in Sindh, Wasif Abbas the Secretary for Energy, Director General Sindh Board of Investment (SBI) Iftikhar Ali Shallwani , the Secretary for Commerce, Industries and Investment and Private sector representatives on the Thar Coal Project. The presentations summarized the investment opportunities and potential of the local market for the delegation.
Mr. Bashir Ali Muhammad Chairman of the Pakistan Business Council, while addressing the delegation said “The alliance between China and Pakistan has always been one of our strengths. This relationship covers many different areas, including industry, economics, energy, trade and investment, to name a few. I hope we continue to not only maintain this relationship, but to enhance it further through initiatives like this event”.
He further added “It is not just about building road and railway networks or energy projects but also about a myriad of business and social activities that will create employment opportunities and lead to a higher level of growth in the country’s GDP. It will have a positive impact, not just on Pakistan-China trade but will also encompass Central Asia”.
The China-Pak Economic Corridor (CPEC) MoU, which was signed in July 2013, is the more recent development in the economic relationship between the two countries. It is expected to be a watershed in the trade and investment relations facilitating the prospective trade and investment opportunities arising from this game-changing project that have generated a lot of interest among the Chinese and Pakistani businesses.
As a consequence of these developments, China-Pakistan Friendship Association (CPFA) has planned to bring a 100- member delegation of prominent Chinese businesspersons representing the private sector, entrepreneurs and investors. This is in order for them to explore trade and investment opportunities in Energy, infrastructure, Textiles, Agriculture, Engineering, Telecommunications and Mining sectors of the economy.
Around 100 eminent Pakistani businesspersons were invited to this event by Ministry of Commerce and Pakistan Business Council.
For more information, contact:
Samir S. Amir
Director Research
Pakistan Business Council
M-02, Mezannine Floor
Beaumont Plaza
10, Beaumont Road
Karachi -Pakistan
Tel PABX: +92 213 563 0528 and 29
Tel Direct: +92 213 563 0588
Fax: +92 213 563 0530
Cell: +92 300 8233 714
Website: www.pbc.org.pk