Pak-China joint Chamber of Commerce and Industry is taking special initiatives to bring investment from China in eight potential industrial sectors including furniture, handicrafts, textiles, fertilizer, cement, glass work, energy and pharmaceuticals.
The sectors were jointly identified by PCJCCI President Wang Zihai, founder president Shah Faisal Afridi, Senior Vice president Ahmed Fahim khan and Vice President Moazzam Ali at a meeting with a 20-member Chinese delegation from Shule County Commerce and Economic information Committee China. The delegation visited Pakistan on a special invitation of the PCJCCI chief.
The delegation was comprised of the representatives of identified sectors including Jurat Qurban; vice president China Xinjiang Kashgar Chamber of Commerce also included Zhang Xinshan, Zhang Jin Feng, Xinming Ling, Kashi Dehong and Zhang Tiemin. Wang said that private sectors of Pakistan and China should play vital role to further strengthen trade and economic ties between the two countries. He said that the industrial sectors had been highlighted by PCJCCI after a detailed market research of both the countries. He briefed the delegation that Pakistan has huge resource for the manufacturing of glass and the usage of glass in the high-tech world of today permeates all industrial, household and personal activities and its importance could hardly be over-stated. In China there is a gigantic market in the manufacture of bottles, jars, mirrors, car windows, windscreens, glass bulbs, tube lights, eye glasses, microscopes, ornaments, windows, sliding doors, furniture, and components of electronics goods, he added.
The idea of mutual cooperation in handicrafts sector was also considered at the meeting. The meeting was of the opinion that Pakistan could become a manufacturing house of handicrafts for China due to rapidly increasing demand. The commencement on the China Pakistan Economic Corridor (CPEC) has given a boost to the Pakistan's cement industry as this mega project will create cement demand up to three million tons per annum. "We are optimistic in entering into joint ventures in the segments under discussion and would certainly proceed with the relevant authorities" the delegation members said.
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