PCBF keen to promote Chinese investment in Pakistan

By Shafqat Ali | Gwadar Pro Oct 23, 2022

ISLAMABAD, Oct.23 (Gwadar Pro) - Pakistan-China Business Forum (PCBF) on Saturday afternoon expressed keen interest to promote Chinese investment in Pakistan.

The PCNF delegation led by Chairman Sheikh Nasir Ali visited Islamabad Chamber of Commerce and Industry (ICCI).

The delegation discussed various options to boost Pakistan-China business and investment cooperation.

The delegation vowed to work jointly for facilitating the business matchmaking and sharing the relevant information regarding the B2B events, exhibitions and trade fairs.

Speaking at the occasion, Sheikh Nasir Ali, Chairman PCBF, said that the forum was working to promote business linkages between Chinese and Pakistani companies to enhance business collaboration, joint ventures and investment between the two countries.

He maintained that PCBF would bring more Chinese companies to Pakistan for Joint Ventures (JVs) and investment in special economic zones of Pakistan being set up in CPEC.

In his comments, Sheikh Ejaz, Co-Chairman PCBF underlined that their forum would cooperate with ICCI in its efforts for a new industrial zone in the region as it would improve Pakistan's exports, reduce imports and attract more investment from China as well.

He contended that by investing in Pakistan, Chinese companies can export to Africa, the Middle East and other countries.

He informed that a showroom would be set up in China to display Pakistani products in order to improve their exports.

Speaking on the occasion, Liu Shao Hong, Vice Chairman PCBF said that Chinese companies were interested in investing in green energy in Pakistan and PCBF would like to work with ICCI to bring Chinese investors to Pakistan.

Addressing the delegation, Ahsan Zafar Bakhtawari, President, ICCI stressed that Chinese companies should transfer technology and set up industrial units in Pakistan to produce imports substitutions.

He mentioned that Pakistan's annual imports of electronics was around US $ 10 billion and Chinese companies should invest in Pakistan to produce electronics goods.

He said that many sectors of Pakistan's economy including IT, engineering, manufacturing, construction, tourism, warehousing, cold chain logistics, air freight and transportation, trucking and urban transport offered great investment opportunities and stressed that Chinese investors should take benefit of them by investing in Pakistan.

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