Daily Times

ISLAMABAD: Chinese Ambassador to Pakistan Sun Weidong has said that increasing relations between Pakistan and China are not only mutually beneficial but it will have a positive impression in the whole region.

Bond of friendship between the two friendly countries will be cemented further by the passage of time, he said.

Chinese Ambassador to Pakistan Sun Weidong said this while talking to President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zubair Tufail and Chairman Coordination FPCCI Malik Sohail Hussain.

All the stakeholders must recognize the importance of China-Pakistan Economic Corridor (CPEC) which will change the fate of Pakistan, he added.

The Ambassador said that CPEC will give a boost to the economic and social development of Pakistan and the region and many new business opportunities are coming up for all the related nations, he said.

He said that reservations expressed by the business community about CPEC and some other circles are speculative and time will tell the reality.

Pakistan is not producing things that are needed in China which is a reason behind imbalance in trade but situation will change when Chinese companies start producing things needed in China, he informed.

He said that Pakistan can enhance exports to 35 billion dollars for which serious efforts are needed.

The Ambassador furthered that not a single Chinese company will be allowed to install used machinery in Pakistan while transfer of technology will be a prerequisite.

The Ambassador informed that settling energy crisis in Pakistan is our top priority and we will add eleven thousand megawatt of electricity in the national grid as soon as possible through highly efficient power plants.

After overcoming energy crisis we will develop infrastructure and in the last leg initiate process of industrialisation, he informed.

Security of the economic zones must be ensured so that Chinese experts working in Pakistan feel safe, he said, adding that visa procedure is being improved for Pakistani businessmen and that local business community should participate in the expos and seminars in China to improve understanding and trade.