Chinese Companies ready to invest in Pakistan’s energy sector, says Luo Sang
- September 14, 2013, 2:31 pm
- Business News
- 150 Views
ISLAMABAD, Sep 14 (Online): Many Chinese companies have shown interest to explore Pakistan’s energy sector for making investment in hydro, solar and wind energy projects and help it in overcoming its energy problems.
Luo Sang, Vice Secretary of Sichuan Chamber of International Commerce during a meeting with Zafar Bakhtawari, President, Islamabad Chamber of Commerce & Industry here on Saturday.
Zubair Ahmad Malik, President, Federation of Pakistan Chambers of Commerce & Industry was also present at the occasion.
Mr. Lou Sang said they have come to Pakistan to explore Pakistani market for investment opportunities so that more Chinese companies could come to Pakistan for direct investment and joint ventures.
He said Pakistan fruits are quite famous in China, especially in Sichuan Province and Pakistan could further improve exports of its fruits to China by improving their packaging quality.
He said Sichuan Chamber of International Commerce is one of the biggest trade bodies of China and its main objective is to promote Chinese companies in the whole world.
He stressed for developing close liaison with Pakistani Chambers of Commerce to contribute positively to the promotion of trade and investment between Pakistan and China.
In his welcome address, Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry said exchange of visits by the Pak-China Prime Ministers have opened a new chapter of thriving relations between the two countries.
He said business communities of is very optimistic about the Pak-China economic corridor project as it would unravel a new phase of business and economic opportunities not only for two countries, but also for the whole region.
He said PIA is in tough times and Chinese airlines should connect the major cities of both countries with direct flights, which would greatly facilitate the expansion of bilateral trade.
He said both countries should target taking bilateral trade up to 20 billion US dollars in few years as they have full potential to achieve this target.
Zubair Ahmad Malik, President, Federation of Pakistan Chambers of Commerce & Industry said business community of Pakistan is quite upbeat to establish strong relations with Chinese counterparts and keeping in view this fact, FPCCI has opened its two representative offices in China, one in Chengdu and the other in Kunming.
The purpose of opening these offices is to promote direct connectivity between the private sectors of both countries so that they could expand bilateral trade relations in all potential areas.
