Daily Times

ISLAMABAD: A 29-member delegation of Chinese companies visited Islamabad Chamber of Commerce and Industry (ICCI), led by Yin Lin Bing, Secretary General, Worldwide Business Culture Exchange Centre. Wang Zihai, President, Pak-China Joint Chamber of Commerce and Industry, also accompanied the delegation.

The delegation was representing various sectors, including power generation, manufacturers of transformers and electrical equipment, hydropower construction, transport, automobile, textile and clothing, food processing, mechanical and electrical trade, construction and real estate development, ship management services, mining machinery, pharmaceuticals, service industry and others.

Speaking on the occasion, Yin Lin Bing, Secretary General, Worldwide Business Culture Exchange Centre (WBCEC) of China said that in pursuit of Chinese president’s One Belt One Road strategy, WBCEC was taking Chinese business delegations to various countries. He said so far WBCEC has taken Chinese delegations to 29 countries and signed contracts and MoUs of more than $50 billion.

He said Chinese investors considered Pakistan a potential country for business and have come here to explore opportunities for joint ventures and investment. He said both countries have good potential to cooperate in pharmaceuticals, transport, industrial parks and many other areas. He hoped that their visit would contribute to further strengthen cooperation between Pakistan and China. He stressed that the ICCI should also take its delegation to China to explore new areas of mutual cooperation.

ICCI President Khalid Iqbal Malik said that the CPEC project had created a good platform to put private sectors of both countries on a long-term partnership. He said that Pakistani entrepreneurs were keen to enter into joint ventures with Chinese counterparts in this historic project. He said China was importing raw material and goods worth billions of dollars every year to meet needs of its domestic industry and urged that China should focus on imports from Pakistan that would also improve our trade balance with it.