Lahore, January 23, 2019 (PPI-OT): Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) has initiated celebrations of Chinese new year by holding B2B meeting with Shandong Trade Delegation led by Mr. Zang Zongjhun, 2nd Counsel from the Department of Industry and Information of Shangdong Province. PCJCCI team received the delegation today along with Mr. Ahmed Hasnain, Senior Vice President and Mr. Khurram Shafique, Vice President of PCJCCI.
The visiting delegation was comprised of 10 renowned Chinese companies of Shandong province including Shandong Jinqilin Company Limited, Yuhong New Pigment Company, Hongong Group, Weihai Antai Electronic Refrigeration Equipment Company, Shindaya International Trade Company. Their areas of interests were Auto parts (especial for brake pads and brake materials), Electronic Refrigeration, Optoelectronic Communication Cable Industry, Organic pigments, Hardware and Weighting Instruments etc. Different Pakistani companies related to the given sectors participated in the meeting and discussed prospects of joint ventures with their Chinese counterparts.
Mr. Ahmed Hasnain, Senior Vice President PCJCCI while delivering address of welcome on this occasion acknowledged that China had stepped forward to assist Pakistan in harnessing the potential of our dynamic population. Both sides are expediting efforts to ensure economic engagements under CPEC, he said and observed that by arranging B2B meetings we can exchange ideas, innovations and technological advancements in the potential sectors. He paid a special tribute to the Chinese communities who have maintained friendship and lived in harmony with the local people, and made indispensable contributions to the economic and social development of Pakistan.
Mr. Zang Zongjhun, the 2nd Counsel of Department of Industry and Information of Shangdong Province China also expressed his views on this occasion. He assured that the Chinese industry would keep on extending strong support to spur economic and industrial growth of Pakistan. “Just as Pakistan is happy to see China’s growing stature on the world stage, China, in turn sees a strong, stable and prosperous Pakistan as a source of strength, he said.
Mr. Khurram Shafique, Vice President PCJCCI said that, it is quite encouraging that apart from public sector, private sectors of both the countries are also entering into joint ventures. Private sector ventures are progressing with every passing day, he said and informed that in result of B2B interaction between China and Pakistan at private level, more than 100 billion dollar investment is expected at parallel with the $ 60 billion investment in the public sector. He was confident that the combination of private and public investment will lead a pragmatic shift in the economic structure of Pakistan.
Later, a cake-cutting ceremony was held to open celebrations of Chinese New Year, which was also attended by Mr. Wang Zihai, Chairman China Affairs Committee of PCJCCI, Dr. Iqbal Qureshi, Mr. Moazzam Ghurki and Mr. Zang Zongjhun, leader of the Chinese delegation along with his all fellow members.
For more information, contact:
Media Manager,
Pakistan China Joint Chamber of Commerce and Industry (PCJCCI)
Mega Tower, 309 – 6th Floor,
Main Boulevard, Gulberg II,
Lahore, Punjab – Pakistan
Tel: +92-42-35777460-02, +92-42-37032203, +92-42-35874353
Fax: +92-42-35777524
Cell: +92-324-4925611
Email: info@pcjcci.org
Website: www.pcjcci.org
PPI News Agency