Archive for ‘Trade’

November 21, 2011

Pak, China leadership pays special attention to promote economic ties

Ambassador Masood Khan has said that the  leadership of Pakistan and China is paying special attention to the promotion of economic relations between the two countries.“The indicators of trade and economic cooperation are good. Last year,bilateral trade was US $8.7 billion. This year, we are set to cross the US $10 billion mark,” he said, while addressing an investment forum here.By September this year, the bilateral trade had already touched the figure of $ 7 billion, he told APP Sunday.

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April 5, 2011

‘Pak-China economic potential needs to be explored’

Pak-China economic potential needs to be explored in true perspective, as the current bilateral trade volume of Pakistan and China ($8.6 billion) does not reflect the gravity of our relationship.

Li Jaishou, Chairman China Council for Promotion of International Trade (CCPIT) Yunnan Province of China said at a seminar ‘Deepening Pak-China Economic Cooperation Exploring Trade and Investment opportunities’ between Pakistan and Yunnan Province organised by FPCCI and SAARC CCI.

He invited FPCCI and business community of Pakistan to attend 6th China-South Asia Business Forum scheduled in Kunming City of Yunnan Province on June 6-10, 2011 followed by 4th South Asian Countries Trade Fairs, which would help promote economic cooperation between China and Pakistan and provide opportunity to Pakistani exporters to enhance exports from Pakistan.

The CCPIT Chief offered 100 stalls for Pakistani enterprises to display their products in the Trade Fair and hoped Pakistani companies would benefit from the vast potential of Chinese market.

Senator Haji Ghulam Ali, President FPCCI appreciated the role of CCPIT for promoting trade between China and South Asian countries in general and with Pakistan in particular and assured the CCPIT leadership of fullest cooperation from Pakistan.

Tariq Sayeed, Patron-in-Chief Pakistan China Business Council of FPCCI presented a comprehensive overview of China South Asia economic cooperation and particularly identified economic complementarities for Pak China Economic Cooperation and also highlighted economics of Karachi with the city of Kunming.

He discussed areas of possible cooperation between Yunnan Province of China and Pakistan.

He put forth some suggestions for improvement of economic cooperation between Pakistan and China which include B2B meetings, preparation of pre-feasibility reports on trade and investment potential in Pakistan, frequent exchange of business delegations, strengthening of FPCCI Offices in China and participation of Pakistani exporters in Kunming Fair.

Yan Jiang Ming, Commercial Counsellor of China gave brief overview of Pak China Economic relations and hope the bilateral trade under the leadership and CCPIT and FPCCI would further grow.

via Daily Times – Leading News Resource of Pakistan – ‘Pak-China economic potential needs to be explored’.

March 26, 2011

Pakistan, China discuss expansion of cooperation in trade, investment, explore new avenues

Pakistan and China here discussed expansion of cooperation between the two countries in trade, investment and financial sectors.Both sides also agreed to conduct a study on the specific opportunities for the Chinese investors in Pakistan.Ambassador Masood Khan who held a meeting with Vice Governor, China Development Bank (CDB) Wang Yongsheng also discussed and reviewed the implementation of the bilateral projects that were decided during the visit of Premier Wen Jiabao to Pakistan in December last year.

APP learnt here Saturday that in the meeting held Friday both sides have decided to develop a coordinated mechanism for this purpose.

The Vice Governor of the CDB assured the Ambassador of the commitment of the bank to enhance cooperation with Pakistan.

He said that the focus of CDB was on implementation of projects under the Five Year Development Programme on Trade and Economic Cooperation as well as the agreements signed during Premier Wen Jiabao’s state visit to Pakistan in December 2010.

The emphasis, he said is on projects of power, infrastructure, alternate energy and banking sectors.

Wang said that CDB would strengthen the role of Pakistan-China Joint Investment Company including its exposure in Pakistan and tap full potential by generating its investment in various projects.

Both sides also agreed to hold a series of activities in the year 2011 which has been designated as the “Year of China-Pakistan Friendship”, to warmly celebrate the 60th anniversary of the establishment of China-Pakistan diplomatic relations.

via Associated Press Of Pakistan ( Pakistan’s Premier NEWS Agency ) – Pakistan, China discuss expansion of cooperation in trade, investment, explore new avenues.

March 24, 2011

Chinese team meets KSE members

A delegation from China discussed the matter related with Chinese direct investment in Pakistan and overall development of capital markets of Pakistan with members Karachi Stock Exchange (KSE).

Li Yan, chairman Asia International Finance Limited and his team members met Munir Kamal chairman KSE, members of KSE Board and Haroon Askari, acting managing director KSE.

Munir Kamal informed the delegation KSE has signed a memorandum of understanding with Shanghai Stock Exchange and wished the next steps toward further cooperation between the two countries might be taken to improve bilateral relations and improving trade, industry and commerce.

Haroon Askari presented a brief overview about the KSE and highlighted the growth prospects of capital markets of Pakistan and role of the KSE.

via Chinese team meets KSE members – PakTribune.

March 13, 2011

Pakistan invites Chinese investors to come forward

Sindh Chief Minister Syed Qaim Ali Shah, has said that there are close friendly relations between Pakistan and China and that with the passage of time those ties will be further strengthened. This he stated while holding meeting with a seven-member delegation of Chinese Shaann Torch Investment Company Limited at the CM House.

He invited the Chinese investors to come forward and participate through investment in Thar coal development, provision of infrastructure for flood affected areas, and health and agriculture sectors.

Syed Qaim Ali Shah added that there is vast scope for investment in energy sector, particularly in coal, gas, solar energy and wind energy. Advisor to the Chief Minister Sindh for Investment, Zubair Motiwala informed the meeting that there is huge quantity of coal in Thar area, and there is opportunity to have investment for production of gas and generation power from coal.

Motiwala also informed the Chinese team to make investment in Zulfiqarabad which is being development on modern lines. He also invited them to come forward and develop a modern tourist resort at Keenghar Lake. The Advisor for Investment also stressed upon Chinese team to coordinate through Sindh Board of Investment for Livestock, Fisheries and other sectors also.

via Pak-China enjoy deep friendly ties: Qaim.

February 27, 2011

FPCCI office at Chengdu will enhance Pak-China trade to $15bn

The Chengdu office of Federation of Pakistan Chamber of Commerce and Industry (FPCCI) shall play an important role in promoting economic cooperation between Pakistan and China and help achieve bilateral trade target of dollars 15 billion by 2015.

This was stated by Senator Ghulam Ali, President FPCCI and Chairman Standing committee of Senate on Information and Broadcasting during his visit to the first-ever overseas office of FPCCI, said FPCCI statement here on Saturday.

Tariq Sayeed, immediate former president of SAARC Chamber of Commerce and Industry and former president FPCCI, Ata Bajwa, Vice President, Mansha Chhurra, former vice president of FPCCI, Hasan Habib, Consul General of Pakistan and Dr. Saifuddin Junejo, Commercial Consular of Pakistan in Chengdu, Javed Kahlil, Vice Chairman Pak-China Business Council of FPCCI, Naseem Vohra and Iqbal Tabish, Secretary General SAARC CCI accompanied him.

Earlier, FPCCI office was formally inaugurated by Zhang Zuo-ha, Vice Governor of Sichuan Province of China during the 2nd Sichuan- South Business Promotion held on Feb. 25, 2011.

FPCCI President Senator Ghulam Ali said FPCCI office has been provided by China Council for Promotion of International Trade , Sichuan Province, which is a reflection of 60 years old Pak-China friendship and China’s keen interest for strengthening economic cooperation with Pakistan. He hoped that the FPCCI office shall provide consultancy to the business community of Pakistan and help explore business opportunity in huge market of Sichuan province.

He said the FPCCI and its leadership is honoured by Sichuan Government, which will help materialize the desire of President Asif Ali Zardari and Prime Minister Yousuf Raza Gilani to establish close economic cooperation with China. The office is functional and a Chinese speaking Director has been appointed to resolve the issues faced by business community of Pakistan.

The Pakistan delegation also visited Longquil Economic Development Zone in Chengdu and examined the manufacturing process of drilling machines in Kollebo factory and also visited Sichuan FAW Toyota Motor Company in the zone.

The visit was arranged by CCPIT, Sichuan Council Vice President, Yu Ping.

via FPCCI office at Chengdu will enhance Pak-China trade to $15bn.