ISLAMABAD - Federal Minister for Commerce Engr. Khurram Dastagir Khan has highlighted the role of China in the economic development of Pakistan and referred to the various projects in the area of energy, infrastructure and logistics, industry and other sectors being implemented under the US$ 42 billion China Pakistan Economic Corridor –CPEC.

He mentioned that the integration of the economies of China and Pakistan was the joint vision of His Excellency Mr. Xi Jinping, the President of the People’s Republic of China and the Prime Minister Mian Muhammad Nawaz Sharif.

He was speaking was the chief guest at the launch ceremony of AGVEN PRIVATE LIMITED at a local hotel on Monday, in Islamabad.

AGVEN PRIVATE LIMITED is a Singapore based company and has a fertilizer marketing and distribution operations in Pakistan. AGVEN Pakistan is a fully owned subsidiary of AGVEN Singapore and is managed by seasoned professionals with decades of fertilizer business experience in Pakistan. AGVEN has long term association with Guizhou Kailin Group, China that is one of the largest producers of DAP Fertilizer in China.

Speaking on the occasion, the Minister welcomed the entry of one of the largest producers of phosphoric fertilizers in the Pakistan market and assured all facilities to business investing in Pakistan. He said that he hoped one day GuizhouKailin will consider setting up a production facility in Pakistan and assured full support from the government and the Ministry of Commerce.

The launch event was also attended by Zhao Lijian, the Political Secretary at the Embassy of the People's Republic of China; Madam Liao Hui, Managing Director of GuizhouKailin Holding (Group) Co. Ltd; Rajab Ali Baloch, Parliamentary Secretary, Ministry of National Food Security & Research; a large number of dealers and distributors of fertilizers, senior officials of various federal ministries; representatives of Farmer’s Association of Pakistan; senior bankers and representatives and senior officials from the Agriculture Ministries of KPK and Punjab.

Madam Liao Hui briefed the participants of the history of the GuizhouKailin Group since 1958 and informed the audience that the group is the second largest producer of phosphoric fertilizer in China and that in 2014 more than half of all imports of DAP Fertilizer into Pakistan was sourced from China.

She informed the audience that the Kailin group has an asset base of USD 7 billion with an annual turnover of USD 6 billion. She said that AGVEN is one of Kailin’s partners in the Pakistan market with a team that has extensive experience and professional knowledge of the fertilizer market and assured full cooperation of her organization to assure long-term and stable supply of the product.

In her closing remarks she said that she hoped that the fertilizer dealer community will extend its full cooperation to AGEVN in promoting Kailin products.