BEIJING: Joint Holdings Group Chairman Bai Shun called on the Consul General, Muhammad Mudassir Tipu on Monday at Pakistan’s Consulate General in Chengdu.
The chairman briefed the consul general about expanding activities of his group in Pakistan and underscored that the group is planning to establish a cheese processing factory in Pakistan.
CG assured full support of the Pakistan government in setting-up of the factory.
He maintained that group’s current subsidiary company, ANTHELA, refining Himalaya Rock Salt in Pakistan was a very profitable venture and the salt extricated and refined from Pakistan was being exported to Japan, the US and Hong Kong. It may be recalled that ANTHELA signed an agreement with Pakistan Mineral Development Corporation (PMDC) according to which ANTHELA has the exclusive priority to select 60,000 tonnes of premium rock salt out of PMDC’s total annual production of 1.6 million tonnes.
Bai maintained that Pakistan had excellent infrastructure and presented enormous opportunities to the Chinese entrepreneurs. He also strongly supported starting direct flights between Lahore and Chengdu so that the Chinese businessmen could easily and timely travel to Pakistan and set-up their businesses. In the absence of direct flights or land routes, a lot of business opportunities were being lost out, he emphasized.
He also stressed that the Pakistani government must devise a clear plan to incentivise Chinese industry to relocate its industrial operations in Pakistan as Pakistan presented a lot of opportunities for such projects. The CG maintained that it was already a key priority for the government.
The consul general briefed Bai on the changing economic landscape of Pakistan and stated that Pakistan was on the cusp of a new growth trajectory with all the right ingredients set to take Pakistan off economically.
The CG underlined that CPEC, the Gwadar port, greatly improved security environment, as well as Pakistan’s investment into its energy sector with power shortages virtually having come to an end had set conditions for Pakistan to achieve its real economic potential.