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Saturday, July 31, 2021

China vows unconditional support for Pakistan

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ISLAMABAD: Ambassador of China to Islamabad Liu Jian has said that Pakistan is a gifted nation that fulfils all the prerequisites to become an economic power. Improved law and order coupled with continuity of enabling economic policies can attract huge investment in this great business destination, he said. He said that over ten thousand Chinese are already serving Pakistan; enhanced stability will persuade many to make a beeline for business in Pakistan, a close friend and a trusted ally.

Speaking to business community at residence of Raza Khan, Chairman Coordination, FPCCI, he said that China will continue to provide unconditional support to Pakistan and expand cooperation in various fields including energy. “I frequently meet President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani; they are very concerned about economy and want improvement,” he said.

The Ambassador said current bilateral trade volume is $8.7 billion, up by $2billion from last year, which is unsatisfactory as it can be increased manifold. Liu Jian informed that China plans to encourage private sector investments in Pakistan. Industrial and Commercial Bank of China Limited will soon commence operations here, he said.

“I am determined to implement all the decisions taken during the visit of Premier Wen Jiabao to Pakistan by yearned to boost economy of Pakistan,” he said. Inviting FPCCI officials to visit China to explore opportunities, he said Chinese enjoy extremely encouraging response in Pakistan while every Pakistani is regarded as a special guest in his country.

At the occasion, Raza Khan said that number of Pakistani products enjoying zero tariffs in China should be doubled to cut trade imbalance. He was assured that the matter would be finalized in the first quarter. Our exports are gradually climbing but we merit having more Chinese purchase delegations, Nasir Khan demanded.

Malik Sohail, President FPCCI Standing Committee on Media called for Chinese assistance to develop the capacity of local work force aimed at restoring economy. Among others, former presidents of ICCI Nasir Khan, Mian Akram Farid, Tariq Sadiq, Zahid Maqbool, Munawar Mughal and Zafar Bakhtawri were also present on the occasion.-ONLINE

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