Pakistan for trade expansion with China

[Salman]

Pakistan for trade expansion with China

ISLAMABAD - Senior Federal Minister for Industries and Defence Production, Chaudhry Pervaiz Elahi, has underlined the need for paying greater attention to regional trade for boosting economy of Pakistan. He said this while talking to visiting Chinese delegation, headed by Li Gang, Chairman China Council for Promotion of International Trade, who called on him at his residence here Tuesday.During the meeting views were exchanged regarding increase in trade relations between the two countries.Ch Parvez Elahi said that regional trade is being promoted throughout the world and new trade blocs are being created. He said China has a strong economy and a fast emerging world power whose growth rate is more than 10 per cent for the last two decades. He said being a neighbour and friend of China, there are vast opportunities for Pakistan for trade with China.Elahi exhorted the Chinese investors to invest in Pakistan and said that the Chinese investors can invest in energy, infrastructure, agriculture, heavy industry and mineral sectors. He assured the delegation that Pakistan will provide every possible facility and protection to the Chinese investors.He said during our last tenure, we had signed a member of agreements with Chinese province Jiang Xu which had produced very commendable results and national industry registered appreciable growth.The Chinese delegation invited the Senior Federal Minister to attend Trade & Industrial Exhibition scheduled to be held in June in Cheng Du as the Chief Guest, Ch Parvez Elahi accepted the invitation with thanks and said that he would participate in the exhibition with a representative delegation of Pakistan. He said that it is an honour that Pakistani delegation will be attending the exhibition as the Chief Guest and this will be a great opportunity for Pakistani traders to bring Chinese investment in the country.On this occasion, leader of the Chinese delegation Li Gang said that this exhibition is being organized every year regularly for last 60 years and it is attended and participated by large number of big companies from all over the world.He said Pakistan can secure huge investment of billions of rupees through its effective and full-fledged participation in the upcoming trade and industry exhibition.