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BRI to promote regional connectivity and prosperity: Masood

Islamabad – Sardar Masood Khan, President Azad Jammu and Kashmir has said that Belt and Road Initiative (BRI) is truly a milestone in the history of mankind which will pave the way for promoting regional connectivity and shaping up a new civilization of coexistence.
The President – as the keynote speaker – made these remarks while addressing the 2nd International Maritime Symposium on the “Impact of the Belt and Road Initiative (BRI) on the Geo-economics of the Indian Ocean Region (IOR), Prospects for Pakistan, the Region and Beyond” organized by the Institute of Maritime Affairs here in Islamabad. The event was graced by the Prime Minister of Pakistan Shahid Khaqan Abbasi as the chief guest. The event was presided and hosted by Chief of the Naval Staff Admiral Zafar Mahmood Abbasi.
The President during his address congratulated the Institute of Maritime Affairs and the Bahria University for organizing this timely and substantive seminar which he said would help shape the mindset relating to maritime trade unleashing Pakistan’s full potential.
President Masood Khan said that the BRI is a global initiative not just restricted to Pakistan or the Indian Ocean. He added that BRI encompasses 68 countries, 62 percent of the world population and one-third of the world’s GDP spanning three continents – Asia, Africa and Europe – launching a new wave of connectivity and inclusive economic prosperity.
Highlighting the importance of Pakistan in the project, he said that due to the China-Pakistan Economic Corridor we assume a position of centrality and pre-eminence in the project as we will provide China direct land access to the warm waters of the Indian Ocean. The BRI will have huge transformative effects that will propel economic and social development activities in and around the Indian Ocean Region.
The BRI project, said the President, will inject fresh impetus to global growth creating new supply chains in the Indian Ocean by accelerating the pace of economic activity in and around the Indian Ocean. He said under this initiative, plans are underway to invest US $ 1 trillion in infrastructure, energy and industrial projects on an unprecedented scale.
President AJK said that the Indian Ocean will no longer be considered by India as its exclusive domain where previously it would give limited and conditional access to other nations. Now, he said, the Indian Ocean will be shared by all for use of marine resources, enhanced economic activity, investment, trade and maritime security.
President Masood Khan highlighting the importance of maritime trade, said that our seaports are a great asset towards making Pakistan a focal point of commercial and transit trade activity in the region. He added that Pakistan is passing through a phase of economic transformations that will revolutionize national and international trade, development and generate huge employment opportunities throughout Pakistan.
Underscoring the priorities of Pakistan in the general backdrop of these developments, the President said that, firstly, we must formulate a comprehensive long-term foreign policy on the Indian Ocean region which should be an integral part of our current foreign policy. IOR, he said, will face existing and new threats that include piracy, terrorism, proxy wars and spying. He said that global warming and heating up of the Indian Ocean must be tackled which threatens biodiversity in these waters and the evident fear that smaller island states in the Indian Ocean risk extinction.

SOURCE: https://pakobserver.net/bri-to-promote-regional-connectivity-and-prosperity-masood/

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Peace in IOR important to reap benefits of BRI: PM Abbasi

STAFF REPORT: Institute of Maritime Affairs (IMA) Bahria University, Islamabad, organised the International Maritime Symposium (IMS-2018) in the capital on “Impact of BRI on the Geo-economics of the Indian Ocean Region (IOR): Prospects for Pakistan, the Region and Beyond”. Prime Minister (PM) Shahid Khaqan Abbasi was the chief guest on the occasion.

In his address, the prime said in reference to the importance of IOR that the global blue economy footprint showed that a major global trade share came from this region. Given the importance of the Indian Ocean and significance of globalisation, we acknowledge and appreciate the vision of Chinese President Xi Jinping for conceptualising and announcing the Belt and Road Initiative (BRI) with the economic objectives of connectivity, unimpeded trade, and financial integration, he added.

The potential scope of BRI projects was vast and its financial scale was huge, the PM said. We have to optimise our share in BRI through China-Pakistan Economic Corridor (CPEC) and for this, Gwadar Port would play an all-important role, he added.

Furthermore, PM Abbasi also highlighted the enhanced regional economic activity arising from BRI and said this would have a positive impact on the region and beyond. “We are working hard on strategising measures to ensure that both Chabahar and Gwadar ports were utilised as sister ports, so as to diversify and manage the huge potential of CPEC and BRI,” he added.

More importantly, the regional countries could pursue economic initiatives in Afghanistan for prosperity and socio-economic development to ameliorate the trends of extremism and terrorism, he said. This would be a win-win situation for the region and the world at large, he added.

Focusing on maritime concerns, Abbasi said that he was aware of the current security concerns in IOR, adding, “There is a need for collaborative and well-coordinated response mechanism to deal with security threats in order to keep IOR peaceful and economically sound.”

He also commended the role of the armed forces of Pakistan in general and Pakistan Navy in particular for their initiatives to ensure maritime security of the country, especially the security of CPEC and Gwadar port.

In his inaugural address, Chief of the Naval Staff Admiral Zafar Mahmood Abbasi NI (M) in his inaugural address said that the subject was deep-rooted in the remarkable trade history of the region which had transcended various races, cultures and religions.

In the 21st century, the conceived ‘Economic Networking’ through BRI would not only help to revive historical links but also contribute towards economic prosperity of the countries that had renewed transcontinental trade routes connecting Asia, Africa, Europe and beyond.

CPEC an opportunity to paint soft image: Swiss envoy

KARACHI: Pakistan needs to step up efforts to counter its negative image in many countries and portray the real picture to highlight its huge economic potential, CPEC an opportunity.

“Unfortunately, perception about Pakistan is generally negative,” noted Swiss Consul General Philippe Crevoisier while talking to APP at the inauguration of The Explorer Store – the first distributor of Swiss company Victorinox products in Karachi.

Japan Consul General Toshikazu Isomura, Bangladesh Deputy High Commissioner Noor-e-Helal Saifur Rahman, Victorinox International Sales Manager Lorenzo a Marca and Hazari Trading Company (authorised agents of Victorinox) Chief Executive Officer Aamir Hazari were present on the occasion. Victorinox produces quality knives and cutlery for household use.

Businessmen fear dumping of Chinese goods under CPEC

Crevoisier emphasised that the China-Pakistan Economic Corridor CPEC an opportunity for Pakistan to build its soft image and boost national economy by attracting foreign investment.

It would help Pakistan increase trade with existing partners along with exploring new markets.

He pointed out that China was making big investment under CPEC and that would change the business environment in Pakistan. “This will also increase Pakistan-Switzerland trade,” he said. “I believe, the scenario will change after CPEC is completed.”

The envoy saw massive potential in Pakistan but its trade with Switzerland was not satisfactory and certain policy and logistical measures were required to increase it.

“Large Swiss companies are doing business in Pakistan, but small and medium enterprises are hesitant.”

In the last fiscal year, trade between Switzerland and Pakistan stood at $520 million which comprised $374 million worth of exports from Switzerland and $146 million in exports from Pakistan.

CPEC and Gwadar, CPEC an opportunity

Major export products of Switzerland were chemicals, pharmaceuticals and watches. Exports from Pakistan consisted of textile, leather products and food.

The envoy highlighted that in his one-and-a-half-year stay in Karachi, law and order had improved markedly.

Expressing pleasure over the inauguration of the Victorinox distribution chain, he voiced hope that more such businesses would be attracted to Pakistan.

Aamir Hazari stated that Victorinox already had 50 dealers in Pakistan, but now the first distribution company had been opened.

Lorenzo a Marca added the Swiss brand had a good share in 130 international markets and its sales were increasing.

SOURCE: https://tribune.com.pk/story/1701855/2-new-avenues-cpec-opportunity-paint-soft-image-swiss-envoy/

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Asian Development Bank chief warns of Belt and Road debt trap

MANILA — The head of the Asian Development Bank on Thursday warned countries against unsustainable borrowing to fund infrastructure projects, which could leave them stuck in a debt trap.

Asian Development Bank (ADB) President Takehiko Nakao told reporters that China’s Belt and Road Initiative is a key program to connect regions and broaden integration and cooperation across Asia, and that the ADB would cooperate with China when appropriate. But he cautioned against excessive borrowing to cover infrastructure gaps.

“If countries borrow too much for certain infrastructure without seriously looking at the viability and feasibility,” he said, “it will bring more trouble in repayment.”

Nakao was holding a news conference during the multinational lender’s 51st annual meetings at its Manila headquarters. “We should look at debt sustainability issues very seriously,” he added.

Nakao echoed the concerns of International Monetary Fund Managing Director Christine Lagarde over unsound fiscal policies. In April, Lagarde told a conference in China that the initiative could put a heavier burden on countries already saddled with a lot of public debt.

“In countries where public debt is already high, careful management of financing terms is critical,” Lagarde said. “This will protect both China and partner governments from entering into agreements that will cause financial difficulties in the future.”

China’s Belt and Road Initiative aims to develop up to $8 trillion worth of infrastructure along trade routes between Asia and Europe.

The Center for Global Development, a Washington-based think tank, said in a March report that 23 countries are at risk of debt distress due to additional financing related to the Chinese infrastructure drive. Eight are of “higher concern,” including Laos, Maldives, Pakistan, Mongolia, Tajikistan and Kyrgyzstan.

“There are some countries, most of whom are small and relatively poor, that face a significantly increased risk of a sovereign debt default if planned BRI projects are implemented in an expeditious manner and financed with sovereign loans or guarantees,” the report said.

The Asian Development Bank (ADB) estimates Asia’s infrastructure needs could reach $22.6 trillion through 2030, or $1.5 trillion annually. If climate change adaptation measures are adopted, the cost would rise to over $26 trillion.

SOURCE: https://asia.nikkei.com/Economy/ADB-chief-warns-of-Belt-and-Road-debt-trap

CPEC: charting a shared future

The two-day CPEC Projects Summit held in Karachi was an incredible opportunity to showcase the true potential of a project that is so central to Pakistan’s future. The coming together of all stakeholders such as the federating units, academia, policy practitioners, foreign policy experts, and economists reiterated a broad consensus across Pakistan’s national opinions on CPEC being a game-changing project for the country.

During my address, I shared the experience and story of how Punjab has fared in the implementation of the CPEC projects; what challenges we faced and the benchmarks we set in making CPEC a reality.

CPEC and Gwadar

I also used the occasion to thank the Chinese government and people for their support to Pakistan via CPEC, especially President Xi Jinping, whose vision of the Belt and Road Initiative has brought about a new era of connectivity and corridors, connecting continents, countries and cultures.

The last six months have been very important for China, as the 19thCongress of the CPC, as well as the two recent sessions held last month in Beijing have strengthened the Xi Jinping Thought as the way forward for China’s progress and its role in the world.

While CPEC is the most significant developmental initiative in the history of Pakistan, I took the opportunity to tell the gathering, given the propaganda and misconceptions, what CPEC is not.

CPEC is not about one province, one party or one government. As the name denotes, the China-Pakistan Economic Corridor is about the whole of Pakistan, from Gwadar to Gilgit. CPEC is also not just about electricity, or energy, or highways, or other brick and mortar projects. It is about the transformation of Pakistan into a leading emerging economy, and it is also about all-round inclusive development in a transparent manner so that the less developed areas of Pakistan are able to reap the benefits of development.

CPEC is not about China and Pakistan alone, but CPEC is about connecting the region through economy and energy, ports and pipelines, roads and railways, with Pakistan as the hub of this emerging regionalism.

CPEC success proof of Pakistan-China friendship

The spirit of CPEC lies in strong, unwavering and robust people-to-people bond between our two brotherly countries. The welfare of the people remains the driving spirit behind this mammoth development package, ever announced in the history of the world that seeks to transform lives and build a bright future for the people of Pakistan.

Ever since assuming office in my second term, I have paid several visits to China. Each visit has been an amazing lesson in how China fought heavy odds to rise as the second global economic powerhouse and military power. I have been particularly struck by the warmth and hospitality of the people of China and the commitment of the Chinese leadership and the CPEC towards Pakistan and its peace, stability and socio-economic progress.

In order to smoothen the people-to-people bond and overcome the barrier of language, the Punjab government launched a multi-million-dollar Chinese scholarship programme whereby 500 students have been sent to China to study the Chinese language. The students will serve as a bridge between the peoples of our two countries.

We are also offering Chinese language courses here in the educational institutions in Punjab. Besides, a number of Centres of Excellence on Chinese Studies have been set up in universities here.

Questions are often asked as to what has CPEC achieved so far, how is it changing lives for the better and how is it transforming Pakistan? Let me cite a few examples:

• CPEC has revived dead projects like Thar Coal, which had been talked about for the last quarter of a century, but nothing was there on the ground. Today young Thari women are driving dumper trucks and bulldozers, while coal is being mined and electricity generated through this indigenous coal production.

• Gwadar Port, which was a dream 25 years ago, today is a living reality, a bustling port, the centrepiece of CPEC Projects, which lifted a million tonnes of cargo last year.

• The western route of CPEC today directly connects Quetta with Gwadar by a modern highway, with only 8 hours driving time.

• The Port Qasim power project in Sindh, and the Sahiwal power project in Punjab, both of which have been inaugurated, will help to resolve Pakistan’s decades-old energy crisis.

• The Orange Train will mark Lahore’s entry into the twenty-first century through a modern, efficient, state-of-the-art public transport system

• The Sukhi Kinari project is an important element in the resolution of the Khyber-Pakhtunkhwa energy crisis.

• The Karakoram Highway’s expansion and modernisation, connecting Pakistan through land route with China, is a highway of hope, a highway of progress, a highway of prosperity.

A vivid demonstration of the national consensus on CPEC Projects was the fact that during the first BRI Summit in Beijing in May 2017, all the chief ministers of the four provinces were part of the Pakistan’s delegation, led by the Prime Minister of Pakistan, in a forceful demonstration of unity of purpose on CPEC. During this visit, I visited the headquarters of National Development and Reform Commission (NDRC) in Beijing along with Sindh CM Murad Ali Shah and met the NDRC vice-chairman. As a result of our meeting, the financing for Karachi Circular Mass Transit Project was approved.

We in Punjab have also made our own contribution to making CPEC Projects a success, and I am grateful to our Chinese friends who have been so kind as to label some of our successes as the “Punjab Speed”.

But actually, this is a tribute to the creativity, hard work and resilience of the people of Pakistan, irrespective of whether they are in Punjab, Balochistan, Sindh, Khyber-Pakhtunkhwa, Gilgit-Baltistan, Azad Jammu and Kashmir or Fata.

This only goes to show that if you have the right vision, and if you can muster up the will to pursue that vision with continuity, plus a “Can Do” approach, everything is doable and achievable.

In this regard, I am reminded of the famous saying of Chairman Mao, which says: “Nothing is hard in this world, if you dare to scale the heights!” Our friendship, our strategic partnership, has been forged into a camaraderie between Pakistan and China, which President Xi Jinping rightly terms, is a bond between “Iron Brothers”.

In building the CPEC Projects, we will Inshallah scale the heights of poverty, unemployment, energy shortages, and build a better tomorrow, not just for the people of Pakistan but for the region as a whole. In this quest for a better tomorrow, Pakistan and China will march forward hand in hand, to bring about a transformation that will benefit all our people.

SOURCE: https://tribune.com.pk/story/1699218/2-cpec-charting-shared-future/

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CPEC is not a new East India Company

Islamabad: Federal Minister of Interior and Planning, Development & Reforms Ahsan Iqbal has said that only continuity of policies, political stability, peace and unity in our ranks can promise successful, brighter and prosperous future of Pakistan (SDPI).

The minister was addressing the inaugural session of Special Seminar on ‘Five years of China Pakistan Economic Corridor (CPEC) — a story of success and opportunities,’ organised here by Sustainable Development Policy Institute (SDPI) in collaboration with Planning Commission and Chinese Embassy.

Ahsan Iqbal said that the spirit of the CPEC is shared destiny and shared prosperity adding that unless we preserve continuity, stability and peace we may not be able to gain the dividends of the CPEC. Ahsan Iqbal claims that China-Pakistan Economic Corridor is one of the biggest success stories that we have had in our whole history and it has become a biggest global brand of Pakistan that has grabbed the attention of the world leaders and every big economy of the world is now searching its shared future in CPEC. Ahsan Iqbal has also stated that innovation, technology and competitiveness are the new pillars of the economy to achieve growth and prosperity but recent political uncertainty in Baluchistan and Southern Punjab has pushed Pakistan’s development and prosperity on the back burner. He said the destiny is in our hands, either we want to see rising Pakistan or follow the path of destruction as we lost many chances in the past and CPEC provided the last opportunity to rise.

Yao Jing, Chinese Ambassador to Pakistan said that five years of construction, development and achievements is though very short time for the development of relationship between the two economies, but we are moving toward long lasting relationship. CPEC symbolises the strong cooperation and a new demonstration of relationship between Pakistan and China that is contributing to the new heights of state to state relationship of mutual respect. He said that by implementing CPEC projects, China wants to enhance cooperation and looking further opportunities in Pakistan.

Li Jihan Zaho, Deputy Head of Chinese mission, said that saying that CPEC is another East India Company is ridiculous and joke of the century. He urged the international investors to invest in Pakistan’s emerging economy.

Dr Abid Qaiyum Suleri, Executive Director, SDPI, said that China’s Belt and Road Initiative (BRI) is about creating a shared future in the fractured world and CPEC is one of its great successes. He observed that the success of CPEC as a transformational investment is critical for both China and Pakistan to demonstrate their ability to steer this region towards a shared prosperity.

Dr Suleri said political volatility, capacity, coordination, institutional trust, knowledge gaps, financing and flexibility in our policies are major challenges that may hinder the progress of CPEC. He said we are living in an era of economic diplomacy where we should collaborate rather compete.

SOURCE: https://www.thenews.com.pk/print/309616-cpec-is-not-a-new-east-india-company

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IMF director discusses CPEC’s impact on Pakistan’s economy

BEIJING: The International Monetary Fund’s (IMF) Director, Jihad Azour called on the Minister for Interior and Planning, Development and Reform, Ahsan Iqbal, on Thursday and discussed the China-Pakistan Economic Corridor (CPEC) project and its impact on the development of Pakistan and the region.

During a meeting held on the sidelines of a high-level conference on the Belt and Road Initiative (BRI) here, Iqbal highlighted that through CPEC the government of Pakistan has been able to address the critical bottlenecks of energy and infrastructure in our growth and last year Pakistan had a GDP growth of 5.3 per cent and in 2018 the projections are for 5.8 per cent.

The government has made heavy investments in the energy sector to jump start the growth in the economy. CPEC projects have created thousands of jobs and revived construction and power sector industries.

Pakistan wants strong partnerships with multilateral institutions to build regional connectivity projects as regional connectivity holds the key to regional peace and prosperity.

Pakistan has a youth bulge, therefore the government is equally investing in the areas human resource development and technology.

Jihad acknowledged the efforts of the government for promoting education, infrastructure improvement and poverty alleviation. He highlighted the need to jointly work on the areas for capacity enhancement of local human resource under the BRI initiative.

Ahsan Iqbal highlighted the need to promote business to business cooperation under BRI and overcoming knowledge gaps about the Chinese industry, trade and financial systems by all stakeholders.

 

SOURCE: https://profit.pakistantoday.com.pk/2018/04/13/imf-director-discusses-cpecs-impact-on-pakistans-economy/

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CPEC to add 17,000MW power to national grid, cabinet told

ISLAMABAD: Various energy sector projects being set up under the China Pakistan Economic Corridor (CPEC) will contribute over 17,000 megawatts of energy to the national grid on completion, a top-level huddle was told on Tuesday.

“CPEC would significantly help towards ensuring inclusive development especially the socio-economic development of the less-developed areas of the country,” said a statement issued by the Prime Minister Office after a weekly federal cabinet meeting presided over by Prime Minister Shahid Khaqan Abbasi.

The cabinet was given a detailed presentation on the CPEC including various projects being undertaken in energy sector, infrastructure, industrial cooperation and development of Gwadar. The statement, however, did not give details of these projects and the timeframe for their completion.

CPEC to boost demand of expert interpreters: Chinese language whiz

“It was informed that the energy sector and infrastructuredevelopment constituted the major areas under the first phase of CPEC—CPEC project would help increasing GDP [gross domestic product] growth and would strengthen various sectors of the economy.”

Official sources who attended the meeting said PM Abbasi, who is expected to visit China soon, will sign a related memorandum of understanding with the Chinese authorities for initiating energy projects under the CPEC on the sidelines of a key regional moot.

Presently, the federal government claims to have ended load shedding in Pakistan with the production of ‘surplus’ electricity but prolonged power outages after the advent of summer season have put to a question mark over these claims.

In a related development, Chinese Ambassador to Pakistan Yao Jing also called on PM Abbasi before the cabinet’s Tuesday huddle. The PM’s upcoming visit to China for participation in the Boao Forum for Asia (BFA) and issues of mutual interest were discussed in the meeting, a PM Office statement said.

The forum will be held in China’s southern island province of Hainan from April 8 to 11.

Other decisions

The cabinet approved Prevention of Smuggling of Migrant Ordinance, 2018. The ordinance aims at curbing the smuggling of Pakistani nationals to foreign countries and that of foreigners to Pakistan.

In the light of existing constitutional provisions, an ordinance, which is promulgated by the president of Pakistan, remains in effect for 120 days and can be extended for one time for as many days (120 days) before it lapses permanently and requires parliamentary legislation in order to be become a law.

Annual Report and Audited Financial Statement of Audit Oversight Board for the Year, 2017 was presented before the cabinet.

The cabinet approved signing of seven memorandums of understanding with various countries aimed at enhancement of economic and strategic cooperation and carrying out a feasibility study of a project. It also assented to ceilings for allocation of grants-in-aid to bar councils and bar associations for 2017-18.

Five more CPEC power projects to get special treatment

The cabinet approved appointment of the Utility Stores Corporation managing director. A proposal to grant additional charge of the post of the Port Qasim Authority Karachi chairman to the Ports and Shipping director general was also approved.

It also approved a summary regarding rationalisation of the prices of computerised national identity cards (CNIC) and national identity cards for overseas Pakistanis (NICOP).

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Rupee value to increase due to CPEC: Ahsan Iqbal

LAHORE: Federal Interior Minister Ahsan Iqbal said a new middle class market will emerge in Pakistan as the country achieves the gross domestic product (GDP) growth target of 6%.

He added that the value of the Pakistani rupee, which recently plunged over 9% against the US dollar due to a bulging current account deficit, is likely to increase due to investments in the China-Pakistan Economic Corridor (CPEC).

While addressing the ‘Think and Grow’ summit, he said investors from Europe, Middle East and other parts of the world would start businesses in Pakistan, which will create a positive impact of CPEC on their economy. The summit was hosted by the University of Management and Technology, Lahore in collaboration with the Pakistan Industrial Technical Assistance Centre and the Centre of Excellence CPEC.

Govt uses ‘best tool in hand’, allows rupee fall

 Iqbal said that CPEC would be completed by 2030 in three phases. In the first phase of CPEC, energy and physical infrastructure would be developed by 2020, he said, adding that the roadmap for the formation of a National Internal Security Policy (NISP) is centred on goals defined in Vision 2025, which envisage sharing peace, stability and development.

Speakers at the summit called for actively engaging the Pakistani workforce in CPEC in order to provide them first-hand knowledge, experience and engineering being applied by Chinese experts.

They said once the project is fully functional in 2030, foreign direct investments in key areas are likely to pour into Pakistan, resulting in greater opportunities for both countries.

Addressing the summit, UMT Chairman Dr Hasan Sohaib Murad said CPEC is a beacon of hope.

He said current business models need to be replaced with new and innovative ones in order to oversimplify the business culture and attract more locals to take the risk of investment.

Source: https://tribune.com.pk/story/1674289/2-rupee-value-increase-due-cpec-ahsan-iqbal/

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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.

Pak-China Joint Chamber of Commerce and Industry  (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.

SOURCE: https://profit.pakistantoday.com.pk/2018/03/19/pcjcci-identifies-potential-sectors-for-pak-china-joint-ventures/