LAHORE - Haier, being the number one Brand of Major Appliances in the world, is playing a leading role in Pakistans economy and has initiated new business ventures in collaboration with China by exploring a new horizon of economic state in Pakistan, says a press release. Haier Group was in front line during the recently held Pak China Summit in Islamabad; which was honoured by the presence of Wan Jiabao, PM of China. During this summit, miscellaneous business trade MoUs between Pakistan and China were signed which will bring economic stability & prosperity in the region. Haier is continuously striving for innovative and technologically advanced products for its customers and has been ranked as the number one Brand of Major Appliances in the world with 6.1pc retail volume market share in 2010 by Euro monitor International, the worlds leading independent provider of business intelligence on industries, countries and consumers. Haier extends its global brand market share by almost 20pc in 2010.