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China launches meteorological satellite to benefit Belt and Road countries

XICHANG: China on Tuesday launched the new Fengyun-2H meteorological satellite to improve the accuracy of weather forecasting and provide better meteorological services to countries participating in the Belt and Road Initiative, reported Xinhua News

The Fengyun-2H was launched on a Long March-3A rocket at 9:07 p.m., Beijing Time, from the Xichang Satellite Launch Center in southwest China’s Sichuan Province.

It was the 277th mission of the Long March rocket series.

A geostationary orbit satellite, Fengyun-2H is the last in the Fengyun-2 series. The Fengyun-4 series will dominate China’s new generation geostationary orbit meteorological satellites, said Zhao Jian, deputy director of the Department of System Engineering of China National Space Administration (CNSA).

In response to a request from the World Meteorological Organization (WMO) and the Asia-Pacific Space Cooperation Organization (APSCO), the position of Fengyun-2H will be changed from original 86.5 degrees east longitude to 79 degrees east longitude.

This means the Fengyun series satellites will be able to cover all the territory of China, as well as countries along the Belt and Road, the Indian Ocean and most African countries, according to the CNSA.

The adjustment will enable the Fengyun series satellites to acquire meteorological data over a wider range, improve weather forecasting accuracy and the ability to cope with climate change and mitigate losses caused by natural disasters, Zhao said.

Equipped with a scanning radiometer and space environment monitor, Fengyun-2H will provide real timecloud and water vapour images and space weather information to clients in the Asia-Pacific region, said Wei Caiying, chief commander of the ground application system of Fengyun-2H and deputy director of the National Satellite Meteorological Center.

The Belt and Road region, which is mainly high mountains, deserts and oceans, lacks meteorological information. Damage from natural disasters, especially meteorological disasters, in the region is more than double the world average.

After four months of in-orbit tests, Fengyun-2H will provide data to help Belt and Road countries better cope with natural hazards, Zhao said.

“The move shows China’s willingness to construct a community with a shared future,” said Zhao.

It also addresses a WMO request to strengthen satellite observation of the Indian Ocean to fill a gap in the region, which is China’s contribution to the international community as a major power of the developing world, Zhao said.

China will offer data of the Fengyun series free to Belt and Road countries and APSCO member countries, said Zhao.

China has helped establish ground stations to receive the data in some APSCO member countries, including Pakistan, Indonesia, Thailand, Iran and Mongolia. China plans to upgrade the stations and provide training to technicians in those countries.

If countries along the Belt and Road are struck by disasters like typhoons, rainstorms, sandstorms and forest or prairie fires, they can apply for and quickly get the data, Wei said.

China’s meteorological satellites have played an important role in the Belt and Road region. For instance, the Fengyun-2E satellite captured an indication of heavy rainfall in Pakistan in August 2017 and issued a timely warning to avoid casualties.

China already has 17 Fengyun series meteorological satellites in space, with eight in operation, including five in geostationary orbit and three in polar orbit, to observe extreme weather, climate and environment events around the globe.

The WMO has included China’s Fengyun series of meteorological satellites as a major part of the global Earth observation system. They provide data to clients in more than 80 countries and regions. Weather forecasts in the eastern hemisphere depend mainly on China’s meteorological satellites, according to the CNSA.

Since Fengyun-2A was sent into orbit on June 10, 1997, the Fengyun-2 series satellites have monitored more than 470 typhoons emerging in the western Pacific Ocean and the South China Sea.

They helped improve the accuracy of typhoon forecasting. In 2015, the deviation of China’s prediction of typhoon tracks within 24 hours was less than 70 kilometers, among the world’s best, according to the Shanghai Academy of Spaceflight Technology (SAST), producer of the Fengyun series.

The new generation Fengyun-4A geostationary meteorological satellite launched at the end of 2016 can improve observation efficiency by 20 times compared with the Fengyun-2 series, said SAST.

SOURCE:https://nation.com.pk/06-Jun-2018/china-launches-meteorological-satellite-to-benefit-belt-and-road-countries

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CPEC — a solution to the Kashmir issue?

In December 2017, China offered the Afghan government a chance to become part of their ambitious $50 billion China-Pakistan Economic Corridor (CPEC). At the same time, they made it clear that the project was not in any way directed against India and that no third party should be concerned with its progress. This came after India complained that the corridor passes through Gilgit-Baltistan (GB)in Pakistan-administered Kashmir which is a territory claimed by both India and Pakistan.

After negotiating a border stand-off at Doklam Plateau (China-Bhutan disputed border) both India and China indicated that they wanted to build peaceful relations by solving their bilateral disputes through diplomacy instead of armed conflicts. Pakistan wants to follow the same path, and open a dialogue with India in order for CPEC to develop without any problems. However, another solution could be that the government of Pakistan could instead refer to the people of this region. The Kashmiris and the people of GB could also be brought into the loop. They could finally have the plebiscite that was promised these people by the UNCIP resolution so many years ago.  But this will never happen.

Pakistan fears the outcome of the plebiscite. Why do you think Pakistan has been so reluctant to grant GB provincial status? The usual response from Islamabad is that its due to its disputed nature yet the reality is quite different.

After the 18th amendment was passed under Asif Ali Zardari’s government, provinces were granted a semblance of autonomy. However, if GB was given provincial status, it would control its own economic and administrative polices and could claim a larger share of the benefits from CPEC. Another reason was their small population size of only two million people. If they were granted provincial status then the people of FATA, Southern Punjab, the Potohar region and Karachi could also end up demanding provincial status and full autonomy. Thus, by issuing Order 2018, Islamabad has made certain that the centre continues to enjoy the economic benefits and administrative powers that would’ve instead been under the control of the people of GB themselves.

In case of Azad Jammu Kashmir (AJK), Islamabad amended the Interim Act of 1974. The legislative, monetary and administrative status of the Kashmir Council has been reduced to an advisory role, with all powers reverted to the office of the prime minister. By reinforcing Section 7 of the Interim Act, and adding an additional clause, the government has essentially restricted the freedom movement in AJK and disillusioned the locals.

In October 2017, Afghanistan President Ashraf Ghani categorically said that his country would join the China-Pakistan Economic Corridor (CPEC) only if Islamabad allows connectivity between India and Afghanistan. Mentioning sovereignty issues raised by India, Ghani also warned that if Afghanistan was not given transit access to Wagah and Attari for trade with India via Pakistan, then Kabul would also restrict Islamabad’s access to central Asia. When Pakistan and India both reluctant to sit down for a civilised talk, China decided to use backdoor channels to open a dialogue with India and convince them to cooperate with Pakistan. As a result, an Indian delegation was spotted at a March 23 parade in Islamabad, and later the same year at the Shanghai Co-operation Summit.

“What the region needs is a strong group of leaders who are not afraid to take on the collective might of the Indian and Pakistani governments, in order to fight for the disenfranchised people of Gilgit-Baltistan and Azad Jammu Kashmir”

Now there is an interim government in charge. They have limited powers and this provides the establishment a freehand. As a first step the ISPR (Inter Services Public Relations) on May,29 2018 (soon after the announcement of interim PM) tweeted the first sign of the establishment’s anticipated strategy to calm tensions with India. The director generals of Military Operations (DGMOs) of both countries agreed to a ceasefire agreement on the border, including the LOC in AJK. India for their part realise that the only time relations with their neighbours to the West got better, was under Musharraf’s rule, which is why they believe talking to the establishment will lead to better results with respect to CPEC. If this turns out to be true, then India will be given the green light to join CPEC in the coming weeks. It would benefit them greatly as it would open up markets in central Asia, and, at the same time, ease tensions with Pakistan.

 

In the end, CPEC seems like a great opportunity for all countries involved yet there is one important community that is being ignored in all of this, the people of GB and AJK. If there had been a strong and unified leadership in the region then perhaps they could have used this opportunity to pressurise Pakistan, and India in to giving them more autonomy and letting them be in charge of their own fate.

However, current leaders are not brave enough to make these sacrifices and are, instead, happy to take whatever scraps Islamabad throws at them. What the region needs is a strong group of leaders who are not afraid to take on the collective might of the Indian and Pakistani governments, in order to fight for the disenfranchised people of GB and AJK. Only then can the years of oppression they have suffered through finally come to a stop and its citizens get the freedom they have craved for so long.

SOURCE:https://dailytimes.com.pk/250530/cpec-a-solution-to-the-kashmir-issue/

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Pakistan, Russia set to sign $10b offshore pipeline deal next week

ISLAMABAD: In a major breakthrough, Pakistan and Russia are poised to sign a $10-billion offshore pipeline deal, a project planned by the latter to capture the energy market of Pakistan.

Sources told The Express Tribune that the cabinet had approved the signing of the gas pipeline laying deal and Pakistan ambassador to Russia had been authorized to ink a memorandum of understanding with Moscow.

The envoy is likely to ink the understanding in Moscow on Monday. Final cost of the project will be assessed following a feasibility study to be conducted by Russian energy giant Gazprom.

Russia has nominated Public Joint Stock Company Gazprom for implementation of the project. Pakistan’s cabinet has also permitted the company to conduct the feasibility study at its own cost and risk.

One-week deadline: Sindh warns cutting off gas supply to country

Inter State Gas Systems (ISGS) – a state-owned company of Pakistan established to handle gas import projects and is already working on gas pipeline schemes like Tapi, has been nominated by Pakistan to execute the offshore pipeline project along with Gazprom.

ISGS is also working on the $10-billion Turkmenistan, Afghanistan, Pakistan and India (Tapi) gas pipeline to connect South and Central Asia and construction work on the scheme in Pakistan will start in March next year.

These projects are called a game changer for Pakistan as they will not only lead to regional connectivity, but will also meet growing energy needs of the country.

Amid a long-running tussle with Europe and the United States over the annexation of Ukrainian region of Crimea, Russia is looking for alternative markets and wants to capitalise on the growing energy demand in South Asia.

Russia, which controls and manages huge gas reserves in energy-rich Iran, plans to export gas by laying an offshore pipeline through Gwadar Port to Pakistan and India, which are seen as alternative markets because Moscow fears it may lose energy consumers in Europe over the Crimea stand-off.

Russia has been a big gas exporter to European Union (EU) countries and Turkey since long and despite US anger the European bloc has continued to make imports to meet its energy needs.

Moscow receives gas from Turkmenistan and then exports it to EU states. Later, it has got gas deposits in Iran as well and is looking to gain a foothold in markets of Pakistan and India.

OGDC finds new deposits of oil, gas in Sindh

Pakistan has been experiencing gas shortages, particularly in winter, for the past many years as domestic production has stood static with new additions being offset by depleting old deposits.

In a bid to tackle the crisis, the previous government of Pakistan Muslim League-Nawaz (PML-N) kicked off liquefied natural gas (LNG) imports from Qatar under a 15-year agreement two and a half years ago and is bringing supplies through other sources as well.

According to a government official, after signing the MoU for the offshore pipeline, work on the feasibility study will begin in an attempt to assess viability of the project. Russia is even ready to finance the study. Russian gas exports touched an all-time high in 2017. According to Gazprom, gas flows to Europe and Turkey, excluding ex-Soviet states, hit a new daily record at 621.8 million cubic metres.

Annual exports touched 179.3 billion cubic metres (bcm) in 2016, a significant jump from the previous high of 161.5 bcm in 2013 and well above the 2015 total of 158.6 bcm.

Published in The Express Tribune, June 3rd, 2018.

SOURCE: https://tribune.com.pk/story/1726303/1-pakistan-russia-set-sign-10b-offshore-pipeline-deal-next-week/?amp=1&__twitter_impression=true

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Russia, China tighten ties with Iran

Astana, Kazakhstan: Russia and China moved Thursday to extend their economic influence in Iran, while Europeans are finding it harder to ignore efforts by Washington to isolate Tehran economically.

In one of the most concrete moves yet against renewed US efforts to choke off Iran economically, a Russian-led trade bloc signed an interim trade deal with Iran and signaled plans to negotiate a free trade zone.

Meanwhile, Iran´s oil minister said that Chinese state-owned oil company CNPC was ready to replace Total on a major gas field project in Iran if the French energy giant pulls out.

The fate of Total´s participation in the gas project demonstrates the difficulty the European Union faces in resisting Washington´s move as European firms stand to lose much more from busting US sanctions.

Earlier this month US President Donald Trump´s controversially pulled Washington out of an international deal with Iran that placed limits on its nuclear programme in return for easing economic sanctions.

China, Russia and EU members Britain, France and Germany were also signatories of the 2015 pact, opposed Washington´s abandonment of the deal which Iran had respected.

But companies around the world now face a difficult choice as Washington has previously slapped huge fines on firms which bust US sanctions.

This week the EU launched work on a plan to keep the nuclear deal alive and French President Emmanuel Macron said Thursday that one reason is “so that our businesses can remain” in Iran.

However Total has indicated it will go forward with the investment only if it wins an exemption from Washington on the sanctions.

Other European firms are likely to make a similar calculation that the US market is worth much more to them than Iran.

Danish shipping giant Maersk Tankers said Thursday it would cease its activities in Iran, while German insurer Allianz has also announced it plans to wind down its business deals there.

– Less to lose –

Meanwhile Russia, one of the strongest defenders of the Iran nuclear deal, tightened its trade ties with Tehran.

In the Kazakh capital Astana, the Russia-led Eurasian Economic Union trade bloc signed an interim trade deal with Iran that lowers tariffs on hundreds of goods.

The bloc that also comprises Armenia, Belarus, Kazakhstan and Kyrgyzstan, also plans to begin three years of talks with Iran that aim to create a free trade zone.

Russian firms have less to lose from bucking US sanctions. Many major Russian companies are already operating under tightening US sanctions over Moscow´s seizure of Crimea and its role in the Ukraine crisis.

Russian companies also traded with Iran when US sanctions were in place before the deal.

“They are used to working within legal and economic constraints,” Igor Delanoe, an analyst at the Franco-Russian Observatory group, said recently.

“The US has systematically forced Iran to turn more towards Russia and China.”

– Resistance to comply –

Beijing also signalled that it intends to continue trading with Iran.

“Under the prerequisite of not violating its international obligations, the Chinese side will continue to carry out normal and transparent practical cooperation with Iran,” said foreign ministry spokesman Geng Shuang.

He added that “the Chinese government always opposes the unilateral sanctions and the so-called long-arm jurisdiction that any country takes according to its domestic laws.”

The US says its sanctions apply to any transactions that are conducted in dollars, which are used in most international transactions, in particular in trading of crude oil.

But China has for years been working to increase trade using its currency and in March a yuan-denominated oil contract was launched in Shanghai.

“With trade skirmishes between the US and China and all kinds of political issues, I see resistance from Chinese crude buyers to comply” with US sanctions, said Victor Shum, vice president of the Energy group at IHS Markit, on CNBC TV.

Chinese companies were involved in at least $33 billion of infrastructure projects in China as of June last year, with Chinese government-linked institutions providing much of the financing using euros and yuan to avoid US sanctions.

SOURCE: https://www.thenews.com.pk/latest/317959-russia-china-tighten-ties-with-iran

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China fails to get Indian support for Belt and Road ahead of Modi-Xi summit

BEIJING: China failed to get India’s support for its ambitious Belt and Road infrastructure project at the end of a foreign ministers’ meeting of a major security bloc on Tuesday, ahead of an ice-breaking trip to China this week by Prime Minister Narendra Modi.

The Belt and Road is Chinese President Xi Jinping’s landmark scheme to build infrastructure to connect China to the rest of Asia and beyond, a giant reworking of its old Silk Road.

India has not signed up to the initiative as parts of one key project, the $57 billion China-Pakistan Economic Corridor, run through Pakistan-Occupied Kashmir. Whether or not China will be able to win India round to the Belt and Road will likely be a key measure of the success of PM Modi’s trip to China to meet Xi for an informal meeting on Friday and Saturday. But Sushma Swaraj did not express support for Belt and Road in the communique released after foreign ministers of the China and Russia-led Shanghai Cooperation Organisation met in Beijing.

India, along with Pakistan, joined the group last year.

All the other foreign ministers – from Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan and Uzbekistan – “reaffirmed support for China’s Belt and Road proposal”, the statement read.

It gave no further explanation.

Modi is coming to China as efforts at rapprochement gather pace following a testing year in ties between the two neighbors. The Asian giants were locked in a 73-day military stand-off in a remote, high-altitude stretch of that boundary last year. At one point, soldiers from the two sides threw stones and punches. The confrontation between the nuclear-armed powers in the Himalayas underscored Indian alarm at China’s expanding security and economic links in South Asia.

Modi will come again to China in June for a summit of the Shanghai Cooperation Organisation.

China will also have to tread carefully to avoid giving its close ally Pakistan cause for alarm. China on Monday reassured Pakistan that relations between the two countries were as firm as ever and would “never rust”.
SOURCE: https://timesofindia.indiatimes.com/world/china/china-fails-to-get-indian-support-for-belt-and-road-ahead-of-summit/articleshow/63894248.cms
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CPEC to further enhance growing Pak-Iran relations

ISLAMABAD: The Ambassador of Pakistan to Iran Asif Durrani has said that the successful completion of China-Pakistan Economic Corridor (CPEC) would further boost Pakistan-Iran cooperation as a transit hub for the region.

He said this during a reception to commemorate the 78th Pakistan’s National Day in Tehran, said a message received here on Wednesday.

Highlighting the myriad challenges that Pakistan faced in recent years, Ambassador Durrani said that Pakistan has sacrificed more than 70,000 of its citizens including armed forces personnel and law enforcement agencies in fighting terrorists and has succeeded in defeating terrorism on its soil.

He said, “Today, there are no safe havens for terrorists on our soil”. Now, Pakistan is on the path of economic progress, it is rated as the most progressive emerging market with GDP growth of 6 per cent this year and projection of 6.5 percent in the coming year, the ambassador said.

Ambassador Durrani lauded the bilateral relations between Pakistan and Iran which are getting stronger by the day and said that both countries have displayed exemplary cooperation on many regional and international issues. With 35 per cent increase in bilateral trade since last year, the ambassador expressed hope of attaining $5 billion mark of bilateral trade in the next three years.

Iran’s Interior Minister Fazli, in his speech, extended felicitations to the Government and people of Pakistan on Pakistan’s National Day and lauded commemorating of 70 years of history between Iran and Pakistan including cultural, civilisational, religious and historical relations.

The Iranian Interior Minister reiterated the interest of the Supreme Leader of Iran on the expansion and deepening relations with Pakistan and said that it has given further strength to these bonds, which has been followed by all the governments of Iran, especially the present govt of Rouhani.

Fazli hoped that opening of new border points between both the countries would enhance the potential of border markets and border security. The development of Gwadar and Chabahar ports, the signing of FTA and implementation of PTA, establishing banking channels between Pakistan and Iran would bring about economic prosperity for both the neighbours and the region.

At the end of the ceremony, Durrani, Fazli and the dignitaries cut a cake to mark Pakistan- Iran friendship.

SOURCE: https://profit.pakistantoday.com.pk/2018/04/12/cpec-to-further-enhance-growing-pak-iran-relations/

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SBP Allows Bank of China to Open Yuan Accounts of Local Banks

State Bank of Pakistan (SBP) has inked a Currency Swap Agreement (CSA) with People’s Bank of China (BOC). The objective of the agreement is to promote bilateral trade and financing direct investment between China and Pakistan in the respective local currencies.

This was informed by spokesperson SBP while talking to ProPakistani today. State Bank of Pakistan (SBP) has continuously been taking policy measures to ensure that imports, exports and financing transactions with China can be denominated in Chinese Yuan (CNY).

This is SBP’s second agreement with a Chinese bank to facilitate local currency cross-border trade. SBP already allows Industrial and Commercial Bank of China Limited (ICBC) Pakistan to offer similar services since 2015.

Under the agreement, BOC Pakistan will establish a local CNY settlement and clearing setup in Pakistan. BOC can open Yuan (CNY) accounts of the banks operating in Pakistan, to facilitate settlement of Yuan based transactions such as remittance to/from China. BOC can also provide Yuan liquidity to the interbank market for the settlement of Yuan based transactions.

“These steps are part of the efforts by SBP to encourage trade with China in Yuan and eventually in the respective local currencies. This settlement and clearing mechanism is expected to reduce costs and increase efficiency for the local banking system in transacting in Yuans,” the spokesperson said.

The spokesperson further said that currency swaps will enhance market liquidity and facilitate settlement of growing trade and investment transactions between China and Pakistan in Chinese Yuan.

SOURCE: https://propakistani.pk/2018/04/12/sbp-allows-bank-of-china-to-open-yuan-accounts-of-local-banks/

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China threatens to hit back at US with tariffs on 106 more US products

BEIJING: Just hours after the Trump administration unveiled a list of $50 billion worth of Chinese goods on which the White House plans to impose 25 per cent tariffs, China hit back with its own list of 106 US items, including soybeans, corn, cars as well as aircrafts, that it would also target with tariffs of 25 per cent if the US does not back down.

The US’s list of 1,333 imports which ranges from aerospace equipment to industrial robots, satellites, semiconductor parts and machinery for everything from railways to biscuit ovens – specifically targets a key Chinese campaign to upgrade its economy called “Made in China 2025”.

That Made in China national plan, designed to turn China into a “manufacturing superpower” by investing in sectors such as IT, new energy vehicles, robotics and other forms of smart manufacturing, may be the real sticking point in a potential trade war between China and the US.

“Made in China 2025 is a must for China,” said an independent economist based in Shanghai. “Thus it will be China’s bottom line. We can negotiate, we can bargain on this, we can impose small punishments on each other but if the US touches on the foundation of Made in China 2025, there will definitely be a large trade war,” she said.

Beijing describes Made in China, first introduced by a Chinese think-tank in 2013 and adopted by the Chinese government in 2015, as an effort to avoid the middle-income trap that developing countries can fall into, and encourage home-grown innovation.

To achieve this, China wants to replace most of the foreign technology it imports with locally made components. China’s 2025 campaign is billed as a way to get the country on par with industrial heavyweights, alongside Germany, South Korea, Japan and the US.

The US and other critics do not see it in the same light. In the conclusion of the US trade office investigation into Chinese trade practices, which was the basis of president Trump’s initial announcement of the tariffs in March, the Made in China policy is mentioned numerous times.

China’s top-down approach to economic planning could also stand in the way. State support encourages companies and local officials to chase subsidies, eventually creating overcapacity, according to senior adviser and China practice lead at the Crumpton Group, Jude Blanchette. “Central planning often gets you a lot of waste,” he said. Still, he believes what can be achieved will have a critical impact. “Made in China 2025 is going to drastically change global value chains and how industries operate, if China gets half of the way, that’s going to have profound repercussions.”

Source: https://profit.pakistantoday.com.pk/2018/04/04/china-threatens-to-hit-back-at-us-with-tariffs-on-106-more-us-products/

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Russia keen to invest in CPEC, Balochistan: Counsel General

QUETTA: Balochistan Governor Muhammad Khan Achakzai said China-Pakistan Economic Corridor (CPEC) was creating prosperous opportunities for profitable investment in Balochistan, while ‘we want the companions of the country to take timely advantage from the Russian Federation’.

He said this while talking with Russia’s Consul General Dr Aleksander G Khozin, who called him at Governor House on Thursday. He said that Russian investors would provide all facilities and security in Balochistan’s Gwadar.

During a meeting, they discussed the relations between Pakistan and Russia, and the implementation of CPEC in the country. Governor Muhammad Khan said Balochistan is basically an agricultural area where there is a special significance of various vegetable and fruit production.

They expressed satisfaction over Russia and Pakistan’s growing relations. Russian Consulate General said that ‘we could provide Russia with an easy route to central Asia for trade expansion’.

Governor Balochistan highlighted the importance of regional cooperation organisation and regional unity, saying that due to the effective role of these organisations, the possibility of cooperation and development has been increased in the region. He hoped that relations of both countries would be more stable in future which is for benefit of people of both the countries.

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PCJCCI identifies potential sectors for Pak-China joint ventures

LAHORE: Pak-China Joint Chamber of Commerce and Industry (PCJCCI) has identified seven high potential sectors for joint ventures and investment between Pakistan and China, which include handicrafts, textile, leather, gemstone, sportswear, surgical instruments, and technology-based agriculture along with reclamation and salinity control.

PCJCCI office-bearers presented a research paper to Deputy Minister China and Counsel for the Promotion of International Trade Jinan, Teng Shaung, during a meeting here at the Expo Centre, according to the joint chamber’s spokesperson on Monday.

Teng Shaung was heading an 81-member delegation to participate in the Auto Show, which got the entire auto engineering sector assembled under one roof. All government high-ups, local and international buyers and manufacturers along with machinery manufacturers, raw material providers, and service providers were present at the event. She also distributed a questionnaire backed by primary research to have direct feedback from the stakeholders of the auto market on this occasion.

The deputy minister was satisfied and hopeful for the joint business ventures in different automotive sectors. She thanked PCJCCI President SM Naveed and other office-bearers for serving as a bridge between business communities of Pakistan and China to explore and expand the opportunities in the commercial and industrial sector.

During her trip, Teng Shaung also visited many places including different trade bodies, expo centers, wholesale markets, and shared her primary research with local stakeholders. The idea behind the primary research was to gauge true potential and make a SWOT analysis for disseminating prospective investors from China in related sectors. She highly applauded the research conducted by PCJCCI in this regard and assured to disseminate the valuable findings of this research among Chinese investors.