Commerce Minister Pervaiz Malik Saturday said the Economic Coordination Committee (ECC) would accord approval to a new package for the country's textile sector for its revival in real sense. Talking to media after inaugurating a three-day 'Machinery Expo' which was jointly organized by the Pak-China Joint Chamber of Commerce and Ecommerce Gateway with the extensive support from the Lin Yi Trade City China, here at Expo Centre, Malik maintained that textile sector and its promotion is one of the priorities of the government.
"We are trying our best to play the role of facilitators for textile and industrial sector in real sense," he said. The minister further said that China is extending its cooperation to Pakistan in every field and 150 Chinese companies are taking part in this EXPO. The setting up of industries is also part of the CPEC and this Expo is part of that endeavor, he added.
Malik further said that there will be no negative impact of hike in gas tariff on industry. Earlier, in his address at the Expo, Malik welcomed the Chinese friends in China electrical and Mechanical Machinery Expo. "I extend heartiest felicitations to all my Chinese brothers for making this expo an advantageous activity both for Pakistan and China," he said.
He congratulated Wang Zihai and Dr. Khursheed Nizam for arranging this trade fair that would serve as a convention for entrepreneurs and investors from Pakistan and China to identify new investment opportunities in different manufacturing and services sectors. Over 10,000 people including Chinese and Pakistani top level machinery manufacturers, businessmen, entrepreneurs and investors participated on the first day of China Electrical and Mechanical Machinery Expo 2017.
As many as 100 stalls were set up by the distinguished Chinese manufacturing companies and around 200 Chinese businessmen from the machinery industry joined this expo. Pervaiz Malik along with Consul General of China Long Ding bin inaugurated the three-day-long machinery expo. The minister visited the stalls.
Consul General of China Long Ding bin told media that this Expo is not merely an exhibition but a direct interaction in which Pakistani companies, particularly young entrepreneurs, would get a golden opportunity to meet with the Chinese success leaders in machinery industry. Pakistan is geographically attached to China, thus, by taking advantage of China's modern technology and experiences, we may strengthen Pakistan's economy, he added.