Pak business delegation attends inauguration ceremony of Pak-China Centre

LAHORE –– A large business delegation jointly led by SAARC Chamber Vice President Iftikhar Ali Malik and FPCCI President Senator Ghulam Ali participated in inauguration ceremony of Pak-China Centre held in connection with 60th anniversary of Pak-China friendship.

Speaking on the occasion, the Vice President SAARC Chamber of Commerce and Industry Iftikhar Ali Malik said that Pakistan business community puts their Chinese brethren in high esteem. He said Pak-China Friendship has no parallel.

The function was very impressive and kept the participants spell-bound. The SAARC Chamber Vice President said that there was an enormous potential for investment in Pakistan particularly in the fields of Finance, Banking, Power, Alternate energy, Information technology, Engineering sector, Textile machinery, Agriculture and Agro-based industry, food, fruit processing and packaging, livestock and dairy farming.

The SAARC chamber Vice president while appreciating the economic package announced by Chinese government for the promotion of bilateral trade said that it was a marvellous and matchless step towards strengthening of Pak economy and would go a long way in improving economic conditions in Pakistan.

Iftikhar Ali Malik said that since, China is taking leap towards high-tech industry, the government may consider transfer of industry to Pakistan with transfer of technology, enabling Pakistan to meet its domestic demands and to create a surplus for export purposes. He said that it would help cut poverty and create new job opportunities while re-exporting opportunities would help reduce trade deficit faced by Pakistan in trade to China.

He said that Chairman Regional FPCCI SME committee Rehmatullah Javaid has been nominated to coordinate with Chinese authorities to discuss the details of forthcoming Pak-China business visits and as to how the trade volume could be doubled.

He further said that Pakistan’s business community is not only active in promoting bilateral economic relations with China while under the umbrella of SAARC Chamber of Commerce and Industry China-South Asia Business Forum had already been formed in Yunnan and Sichuan provinces and the forum is actively working for integrating South Asian Trade with China. The function was followed by national songs of both the countries.

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