A 15 member delegation of Chinese companies led by Ling Yaqing, Secretary General, Worldwide Business Culture Exchange Centre visited Islamabad Chamber of Commerce and Industry to explore 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 worth billions of dollars. She said the 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 a good potential to cooperate in many other areas and hoped that their visit to Pakistan would lead to the establishment of some good business partnerships between Pakistan and China.
Speaking at the occasion, President Islamabad Chamber of Commerce and Industry Khalid Iqbal Malik said that CPEC has bound both the countries into a long-term and sustainable partnership. He urged that Pakistan and China should give the private sector a 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, improving the trade balance.
He briefed the Chinese delegation about the investment potential of the various sectors of Pakistan’s economy including hydro and solar power generation, infrastructure development, real estate, construction, mining and so on and so forth. He stressed that Chinese investors should bring technology and machinery and set up joint ventures with Pakistan in the areas of interest. He assured that ICCI would provide all possible cooperation to the Chinese investors. 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 as well.
