LAHORE - The business community has hailed the visit of Chinese Prime Minister Wen Jiabao, saying that the new era of Pak-China relationship has now started. They said that the interest shown by the Chinese companies during the visit to generate electricity from Thars coal reserves will help overcome electricity shortage being witnessed by the country for the last many years. Pakistan Tanners Association (PTA) observed that that the formation of energy working group will enhance cooperation in oil, gas, coal and conventional power sectors. The PTA chairman Khurshid Alam said that the signing of agreement for construction of flood-hit areas is an ample proof of Chinese love for Pakistani people. The Lahore Chamber of Commerce and Industry SVP Sheikh Muhammad Arshad said that the Chinese support in agriculture, infrastructure and energy on sustainable and durable basis would be doing miracle for the Pakistani economy. He said that up to 20 billion dollars worth of projects with Chinese help have been completed in Pakistan. Work on projects of 14 billion dollars is continuing at present while projects of another 20 billion dollars have been signed between the two sides during the visit. He said at present Pakistan is Chinas second largest trading partner in South Asia and China is Pakistans third largest trading partner, third largest import source and fifth largest export market. Iftikhar malik said that both countries are good neighbours and have marched ahead through thick and thin and stood the test of time. He said the relationship had gone beyond bilateral ties and moved into strategic sphere. Appreciating the Chinese Prime Minister Wen Jiabao, Rao Yasir Iqbal, an agriculture expert, said that both the countries signed several documents of cooperation in the areas of agriculture. He said that this cooperation will make alliances even stronger than they were before. On trade cooperation, he said that China would explore new ways to cooperate as well as cement cooperation between the two countries in areas such as energy, transportation, telecommunication, infrastructure and agriculture.