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Pakistan is attractive destination for foreign investment:  Zhao Qingwei

Pakistan is attractive destination for foreign investment:  Zhao Qingwei

LAHORE: Mutual cooperation and joint ventures between Pakistani and Chinese businessmen in agriculture, livestock, infrastructure, energy, automobile and other sectors would further cement the friendly relations of the two countries.

These views were expressed by the LCCI President Ijaz A. Mumtaz while addressing the two different delegations of Yantai Chamber of Commerce and Industry and a Chinese company Shandong YABAITE Technology Co. Ltd. here at the Lahore Chamber of Commerce and Industry. Delegation of Yantai CCI was represented by Zhao Qingwei while other by Yong Lu.

Chairman Punjab Board of Investment and Trade Abdul Basit, LCCI vice president Syed Mahmood Ghaznavi and executive committee members were also present on the occasion.

The LCCI president said that keeping in view the fast changing global scenario, there is a dire need to accelerate the efforts for promotion of economic and strategic cooperation between the two countries.

Head of the 13-member delegation of Yantai Chamber of Commerce and Industry Zhao Qingwei said that Chinese businessmen are ready to join hands with their Pakistani counterparts.

He said that the Chinese business community values Pakistan highly therefore they were always ready to put their money in new ventures in Pakistan. He said that both China and Pakistan are resourceful countries but the level of bilateral economic relations do match with the warmth of their ties therefore the private sectors in the two countries need to come forward to further strengthen these relations.

Chief Executive of Shandong YABAITE Technology Yong Lu said that Pak-China Economic Corridor is an ample proof of unbreakable Pak-China historic friendship. He said that economic globalization and regional integration has provided enormous opportunities for further cooperation between China and Pakistan. He said that Pakistan is an ideal destination of foreign investment and top priority of the Chinese investors.