FPCCI invites Chinese investors for investment, JVs in local businesses

The Federation Pakistan Chamber of Commerce and Industry has invited Chinese investors from different sectors of the economy for investment and Joint Ventures in local businesses.
It is the right time for Chinese investors to earn lucrative returns on their investments in Pakistan and FPCCI assures to connect the Chinese investors with the right partners in Pakistan for joint ventures, this was stated by Mr. Karim Aziz Malik Chairman of FPCCI Capital Office while meeting Chinese investors delegation, said a press release issued here.

The Chinese investors visited FPCCI Capital Office under the leadership of Mr. Zhang Yang, Director Chongjiang Federation of Investment and Commerce and Chairman of Chang Jiang Management Company. On this occasion, Ashfaq Ahmed, Vice President and Chairman of the Coordination Capital Office Malik Sohail Hussain, Tariq Sadiq, and others were also present.

Addressing the delegation, Mr. Karim Aziz Malik further said that Pakistan provides attractive incentives and liberal policies for investment in all sectors of the economy for foreign and local investors.
These incentives are available in special schemes and in traditional as well as non-traditional sectors of the economy which offer great opportunities to the business community to invest in the country and to have maximum profit on their investments, he said.
Mr. Karim Aziz Malik briefed the delegation that Pakistan’s top exportable items include textile made-up, cotton, knitted and non-knitted apparel, Rice, Pink Salt, Plastic Articles, Leather Articles, Automobiles, Mining, Gems Stones, Among many others. He further said that most of Pakistan’s textile products are exported to Europe and America, but the textile industry is hoping to boost exports to China.

Chairman Capital Office said that Pakistan is the world’s 10th Largest Producer of rice. Pakistan’s exports make up more than 8% of the world’s total rice trade. Pakistan’s export of broken rice to China has increased substantially.
He further said that Pakistan is the world’s sole producer of pink Salt and the global market for pink salt is approximately $12 billion.
He invited Chinese investors to the emerging and fast-growing sector of Pink Salt for investment and joint venture.

He informed that the season of Cherry is going to start in Gilgit Baltistan and many Chinese delegations have visited the orchards of Cherries and they have shown their keen interest in importing Cherries from Pakistan.
Mr. Ashfaq Ahmed, Vice President FPCCI stressed the importance of interaction between business people, expansion of trade, and creation of joint venture investment between both nations.
He further said that in the future, Pak-China collaboration would largely be dependent on the active participation of their private sector enterprises. Both governments should play the role of facilitators of private-sector collaboration to enhance their role in promoting bilateral trade and investment.—APP