LAHORE - A 10-member Chinese delegation from Linyi trade city, led by Tang Junjie, managing director of Linyi Trade City Overseas Investment Ltd, visited the FPCCI regional office Lahore on Friday.

Chaudhry Irfan Yousaf, regional chairman and vice president FPCCI, said China is one of important trade partners of Pakistan. Both countries are deeply associated and both countries' mutual relations are based on solid foundations, he added. He said there is dire need for trade balancing between the two countries.

He highlighted various investment opportunities and said joint ventures with Chinese enterprises would facilitate vital transfer of technology as Pakistan direly needed to upgrade value-addition process. Pakistan is a rapidly growing economy, fifth largest consumer market in the world with 200 million population, while country’s economy is continuously flourishing in various sectors, he added.

“The China-Pakistan Economic Corridor (CPEC) and business-friendly investment policies have turned Pakistan into the best trade and investment destination. The CPEC projects are opening new era of long lasting economic benefits to the region and beyond it. The project will also link China's western regions with Gwadar Port.”

Tang Junjie said that Linyi Trade City is capital of logistics and hub of exhibition warehouses, wholesale markets, centres, retail parks and manufacturing plants. Pakistani business community should also explore the city as thousands of companies from China and rest of the world are already operating and taking their share from the city.

Reply to a question about equal trade opportunities, he said they were already working in Gwadar on a project where they have built an exhibition centre of 6,000 square metres, and a warehouse of 140,000 square metres. In the said projects, both Chinese and Pakistanis are part of the workforce.

Chinese delegates appreciated the role of FPCCI for economic development of the country and said economic globalisation and regional integration had provided enormous opportunities for further cooperation between China and Pakistan.

The business interests of delegates were trading of camera control and surveillance system, electric intelligence security fencing engineering, lighting industry, lamps and lanterns, switch products, electric appliances, solar panel, solar water heaters, ceramics, plywood, marble and hardware products.