CPEC is game changer for both China and Pakistna

LAHORE: Lahore Chamber of Commerce Abdul Basit said that China Pakistan Economic corridor is a game change for both China and Pakistan. Exchange of entrepreneurs between both countries should be incouraged

Punjab Board of Investment and Trade CEO Jahanzeb Burana, Pakistan Commercial Counselor Haroon Masood and Federation of Chengdu Industry and Trade VP He Ying also spoke on the occasion.

Basit said that China is a major exporter to Pakistan which is a major reason for trade imbalance between the two countries. Measures should be taken to help Pakistani products excel in the Chinese market.

The LCCI president said that Chinese investments in power, textile, pharmaceutical, dairy, livestock and agriculture sectors will bring the two countries closer besides attracting much-needed foreign direct investment (FDI) to Pakistan.

He said that Pakistan is looking for Chinese businessmen to make joint efforts aimed at boosting bilateral trade and economic relations.

“In the context of ongoing projects of China-Pakistan Economic Corridor (CPEC), the need and importance of private to private contacts has mounted. In this scenario, the role of chambers of commerce has widened,” he added.

He said that stats of two-way trade are bound to improve in a decade or so because once the CPEC projects become fully functional, a win-win situation will take place for both the countries.  “In the meantime, we need to interact on regular basis for exploring avenues for trade expansion and opportunities for investments,” he said.