Islamabad Chamber of Commerce and Industry (ICCI) on Tuesday urged the Chinese entrepreneurs to invest in energy sector to help Pakistan in overcoming energy crisis for smooth promotion of manufacturing and industrial activities.
President ICCI Zahid Maqbool while exchanging views with a four-member delegation of Chinese entrepreneurs said that Pakistan was endowed with tremendous amount of alternative energy resources including hydro, coal, wind, solar and waste energy potential.
However, he said that combination of Chinese capital and expertise and Pakistani talent was the best option to fully exploit these renewable energy resources. He briefed the delegation which led by Wang Yicai Chairman Hubei Dayu Electric Group of China on investment potential in different sectors of economy including energy, steel, oil & gas, minerals, infrastructure development, IT and electronics.
Besides, he stressed that Chinese investors should invest in automobile, mass transit communication network and gro-based industries to earn lucrative returns. He said that Pakistan and China in recent past had identified many new areas for joint collaboration and signed more than three dozen MoUs, which spoke volumes of our expanding economic co-operation.
He hoped that these measures will pave way for taking bilateral trade between the two countries up to 15 billion dollars in near future. Speaking on the occasion, Wang Yicai, Chairman, Hubei Dayu Electric Group of China said that close co-operation between China and Pakistan in the fields of military, economy and technology was in the best interest of the people of both countries and the region at large.