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China is acting as economic booster for Pakistan, LCCI President

Muhammad Sudhir Chaudhry Deputy Bureau Chief Lahore

20th Dec, 2019. 07:13 pm
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Back to back visits of Chinese trade delegations are not only reflect unbreakable friendship between the two countries but are also an ample proof of Chinese Investors’ growing interest in Pakistan.

These views were expressed by the LCCI President Irfan Iqbal Sheikh while addressing a delegation of Chinese investors at the Lahore Chamber of Commerce & Industry. The Chinese delegation was accompanied with Senator Mian Ateeq ur Rehman while Senior Vice President Ali Hussam Asghar and Vice President Mian Zahid Jawaid Ahmad and Mr. Yang Yong also spoke on the occasion. Executive Committee members Harris Attique, Fiaz Haider, Zeeshan Sohail Malik, Dr Riaz Ahmad, Rana Nisar Ahmad, Arshad Khan, Atif Ikram and Haji Asif Sehar were present in the meeting.

Irfan Iqbal Sheikh said that China is acting as economic booster for Pakistan in true sense of words. He was of the view that Chinese investment and cooperation for building of dams in Pakistan can be faith changer as agriculture sector of Pakistan is starving for water and industrial sector is in a dire need of cheap hydel electricity.
“Pakistan is looking for foreign investors and buyers especially belonging to China. It will not be wrong to say that at present it is the most appropriate time and environment where both countries can add a new dimension to their bilateral ties”, the LCCI President added.

He said that that in last few months, we did have the honour of hosting important trade missions at Lahore Chamber visiting from different parts of China. Frequent visits of Chinese delegation to Pakistan to explore trade and investment opportunities are enough to prove that Pakistan is top priority of the Chinese businessmen.

Irfan Iqbal Sheikh invited Chinese businessmen to join hands with their Pakistani counterparts in Information Technology, Real Estate, Solar Technology, Banking & Finance, Printing, Security, Cosmetics, Porcelain Manufacturing and General Trading etc. After the formal session of speeches, hopefully, there will be fruitful interaction among you.

LCCI Senior Vice President Ali Hussam Asghar said that both the countries not only share border but also have unanimity of views on various political & economic issues. The two countries have a combined market of more than 1.5 billion people but the trade volume needs to be pushed up. He said that Chinese importers may have better prospects for Pakistani goods particularly of Carpets, Leather and leather products, Surgical Equipment, Sports goods, Fruits and vegetables, Rice, Pharmaceuticals, Cotton etc.

Senator Mian Ateeq hoped that Chinese businessmen would find more opportunities for trade and investment. He said that being a major hub of trade and economic activities, Lahore can provide more opportunities to the Chinese entrepreneurs. He hoped that visit of delegation would be result oriented and Chinese companies will find new trade partners in Pakistan.

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