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PCJCCI to invite Chinese investment in 8 sectors

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  • Post category:Asia / Economy / Pakistan
  • Post last modified:03/02/2019
  • Reading time:3 mins read

LAHORE: The Pak-China Joint Chamber of Commerce and Industry (PCJCCI) has planned to bring investment from China in the eight potential industrial sectors, including furniture, handicrafts, textile, fertilizers, cement, glasswork energy, and pharmaceuticals.

PCJCCI President Shah Faisal Afridi had also chaired a meeting attended by other chamber office-bearers to discuss the plan in this regard, according to a PCJCCI spokesperson here today. On this occasion, Afridi emphasized to lay down a long-term strategy to maintain a sustainable process for paving the way of joint ventures between Pakistan and China under the China-Pakistan Economic Corridor (CPEC). The CPEC, he added, was the dynamic portfolio of various projects with the investment started from the US $ 46 billion and now reached up to $ 59 billion with the addition of new projects.

The China-Pakistan Economic Corridor was basically a framework of regional connectivity that would not only benefit the countries of China and Pakistan but also have positive impacts on Iran, Afghanistan, India, Central Asian Republics, and the overall region, he maintained. The mega project was going to provide us with the enhancement of geographical linkages having improved road, rail, and air transportation system with frequent and free exchanges of services, he mentioned and underlined the need for people to people contact for enhancing understanding through academic, cultural and regional knowledge.

Afridi noted that a number of special measures had been taken by PCJCCI to fill in the gap in people to people communication, for which as a first step strong efforts had been made to overcome the language barrier. He informed that our move to promote the Chinese language in Pakistan was being reciprocated by the Chinese people to promote the Urdu language in China. In this context, the exchange of students between the two countries was also playing a vital role. PCJCCI President announced to celebrate the Chinese New Year at a broader level this year to spread awareness and information in Pakistan regarding the Chinese ways of celebration and festivity.

While PCJCCI Senior Vice President Ahmed Hasnain highlighted the importance of social cohesion; a pivotal agent for a peaceful society. He said, “There is an urge to amalgamate the two cultures in one string. We can attain success in every field of life through unity and peace. In order to promote peace and harmony among the two nations, PCJCCI is anxious to celebrate the cultural festivity of both Chinese and Pakistani culture.”

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.