ISLAMABAD: Chairman Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Capital Office, Karim Aziz Malik has said that it was the right time for Chinese investors to earn lucrative returns on their investments in Pakistan and assured to connect the Chinese investors with right partners in Pakistan for joint ventures.
He was speaking during meeting Chinese delegation which visited FPCCI Capital Office under the leadership of Mr. Zhang Yang, Director Chongjiang Federation of Investment and Commerce & Chairman of Chang Jiang Management Company on Monday. Ashfaq Ahmed, Vice President and Chairman of Coordination Capital Office Malik Sohail Hussain, Tariq Sadiq, and others were also present on the occasion.
Addressing the delegation, Karim Aziz Malik further said that Pakistan provides attractive incentives and liberal policies for investment in all sectors of the economy for foreign and local investors. These incentives are available in special schemes and in traditional as well as non-traditional sectors of the economy which offer great opportunities to the business community to invest in the country and to have maximum profit on their investments.
He briefed the delegation that Pakistan’s top exportable items include textile made-up, cotton, knitted and non-knitted apparel, Rice, Pink Salt, Plastic Articles, Leather Articles, Automobiles, Mining, Gems Stones, among many others. He further said that most of Pakistan’s textile products are exported to Europe and America, but the textile industry was hoping to boost exports to China.
The Chairman FPCCI Capital Office said that Pakistan was the world’s 10th Largest Producer of rice. Pakistan’s exports make up more than 8% of the world’s total rice trade. Pakistan’s export of broken rice to China has increased substantially.
Karim Aziz Malik further said that Pakistan was the world’s sole producer of pink salt, the global market for pink salt was approximately $12 billion. He invited Chinese investors to the emerging and fast-growing sector of Pink Salt for investment and joint venture. He informed that the season of Cherry was going to start in our Gilgit Baltistan and many Chinese delegations have visited the orchards of Cherries and they had shown their keen interest in importing Cherries from Pakistan.
Vice President FPCCI, Ashfaq Ahmed stressed on the importance of interaction between business people, expansion of trade and creation of joint ventures investment between both nations. He further said that in future, Pak China collaboration would largely be dependent on the active participation of their private sector enterprises. Both side governments should play the role of facilitators to private sector collaboration to enhance their role for promoting bilateral trade and investment.
Chairman Coordination FPCCI Capital Office, Malik Sohail Hussain briefed the participants about business opportunities and investment potential in various sectors of Pakistan’s economy. He said that Pakistan and China have great prospects to promote cooperation in multiple areas. He said it was encouraging that many Chinese companies were investing in Pakistan and making useful contribution in the economic development of our country. He stressed for frequent exchange of trade delegations to bring private sectors of both countries closer, exchange views, share experiences and explore possibilities of setting up joint ventures in potential areas of cooperation.
Speaking at the occasion, Mr. Zhang Yang, Director CFIC and Chairman of Chang Jiang Management said that Pakistan has made attractive policies, which provide numerous investment opportunities for Chinese investors. He said various Chinese companies were working in various fields in Pakistan. The two countries were committed to further improving trade relations and we hope that in the future there will be substantial growth in bilateral trade between the two countries.
Mr. Zhang Yang further said that we were in an era of challenges and changes. But it was also an era of hope. The world needs China and the Pakistan to work together for a better future. They were in Pakistan to explore business and investment opportunities. He said that the delegation members have found Pakistan a promising investment destination and would like to contribute to its economic development.
