Friday , July 10 2020
Breaking News
Home / Chambers & Associations / Chinese investment of Rs 46b pave way for economic progress of this region: Mian Adrees
Chinese investment of Rs 46b pave way for economic progress of this region: Mian Adrees

Chinese investment of Rs 46b pave way for economic progress of this region: Mian Adrees

FAISALABAD: China Pakistan Economic Corridor (CPEC) will open new avenues of progress and prosperity for the entire region and the business communities of Pakistan and China have to prepare them to fully exploit the business opportunities brewing as a by-product of this mega infrastructure project, said Jamil Ahmad, vice president Faisalabad Chamber of Commerce and Industry (FCCI).

He was addressing a function after inking a Memorandum of Understanding (MOU) between FCCI and Shannixi Association for Promotion of International Economic Cooperation at FPCCI Punjab office.

Mian Muhammad Adrees, president Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and provincial head of FPCCI Khawaja Zarar Kalim were also present during this ceremony.

Jamil Ahmed said that Pakistan and China have been enjoying cordial relations for the last many decades. “The visit of Chinese President Xi Jinping has given a new tilt to our relations in addition to paving way for the exploitation of its economic benefits. He said that the investment of $ 46 billion will gear up the economic development of this region and among its beneficiaries will include all the countries of this region.

Earlier Jamil Ahmed signed the MOU with Geo Yang, head of business delegation. Under this Memorandum of Understanding both the chambers will collectively work towards improving trade, commerce and economic cooperation between members of both the chambers of commerce and industry. It was further agreed to work towards promoting exchange of information relating to their respective markets.