ISLAMABAD: A delegation of Chinese companies of Chongqing City led by Mr. Mike Wang visited Islamabad Chamber of Commerce and Industry (ICCI) on Thursday to explore business collaborations with Pakistani counterparts.
The Chinese companies were representing various sectors including manufacturers of automobiles and auto parts, security systems including biometric solutions, construction machinery, power generation equipment, water purification equipment and solid waste management systems etc.
Speaking at the occasion, the Head of Chinese delegation Mr. Mike Wang said that their visit was a follow up of the decisions taken during the visit of Chinese President to Pakistan in April 2015 to further strengthen relations between the private sectors of both countries.
He said the current visit was to explore Pakistan for business potential and next time, more companies of Chongqing City of China would come to Pakistan to find out possibilities of joint ventures and investment.
The Chinese companies gave a detailed presentation on their products which were being exported to USA, Europe and many other countries.
In his welcome address, ICCI President Muzzamil Hussain Sabri, highlighted the investment potential in various sectors of Pakistan’s economy for Chinese investors.
He said China-Pakistan Economic Corridor project was poised to create plenty of business opportunities for the entrepreneurs of both countries and stressed that maximum companies of Chongqing City of China should participate in the construction of this project.
He said Pakistan was a promising country for business and Chinese companies should put up manufacturing plants in our country in the areas of interest.
He said China and Pakistan should facilitate and encourage regular interactions between their private sectors that would help in establishing more joint ventures and business partnerships in areas of interest leading to enhanced bilateral trade and economic relations between both countries. The B2B meetings were also held and businessmen of both countries discussed the possibilities of business collaboration in areas of interest.