ISLAMABAD - A 20-member delegation of Chinese entrepreneurs led by Li Ruo Hong, Chairman China World Peace Foundation and Senior Consultant of United Nations Office for Partnerships visited Islamabad Chamber of Commerce and Industry to explore possibilities of business matchmakings with Pakistani counterparts.

The delegation represented various sectors including energy, mining, automobiles, telecommunication, IT, security equipment, agriculture, construction, import/export, contracting, general trading, education and health.

Speaking at the occasion, Li Ruo Hong, Head of Chinese delegation said that Chinese entrepreneurs were interested in joint ventures and investment in multiple areas in Pakistan with particular focus on hydro power and solar energy. He said Chinese businessmen were also interested in building transmission lines in Pakistan and were looking forward to take active part in Pak-China Economic Corridor for investment.

He said Pakistani and Chinese businessmen should establish strong collaboration in areas of mutual interest to promote bilateral trade and economic relations between the two countries. This way, they could also compete more effectively in the international market. He said entrepreneurs of both countries should share expertise and resources for mutual benefits. He said Pakistani businessmen should visit China to find out opportunities of business expansion and joint ventures. In his welcome address, Muzzamil Hussain Sabri, President, Islamabad Chamber of Commerce and Industry highlighted the investment potential in various sectors of Pakistan’s economy. He said that economy of Pakistan was in recovery mode and it was the right time for Chinese investors to enhance investment in Pakistan, especially in energy, infrastructure development and exploration of natural resources. He said Chinese businessmen could earn lucrative returns by setting up manufacturing plants with technology transfer in Pakistan. He said China should help Pakistan in overcoming energy crisis which could Pakistan a hub of industrial activities in the region.

He said exchange of high level visits between the two countries should be translated into growing trade and economic relations between Pakistan and China.

Muhammad Shakeel Munir, Senior Vice President, ICCI highlighted the potential of marble and granite sector for Chinese entrepreneurs. ICCI and Beijing International peace Culture Foundation also signed MoU of cooperation at the occasion to support peace initiatives and strengthen bilateral trade.