January 08, 2024 (MLN): Chairman of the Federation Pakistan Chamber of Commerce and Industry (FPCCI) Capital Office, Karim Aziz Malik, expressed optimism about boosting Pakistan's textile exports to China during a meeting with a delegation of Chinese investors, said a press release issued today.

He highlighted that while the majority of Pakistan's textile products are currently exported to Europe and America, the textile industry aims to enhance its presence in the Chinese market.

Karim Aziz Malik assured Chinese investors of lucrative returns on their investments in Pakistan, emphasizing the favorable incentives and liberal policies available for both foreign and local investors across various sectors of the economy.

“It is the right time for Chinese investors to earn lucrative returns on their investments in Pakistan and FPCCI assures to connect the Chinese investors with the right partners in Pakistan for joint ventures,” Karim Aziz Malik stated, as APP reported.

The Chinese investors visited FPCCI Capital Office under the leadership of Zhang Yang, Director Chongjiang Federation of Investment and Commerce and Chairman of Chang Jiang Management Company.

Pakistan provides attractive incentives which are available in special schemes and in traditional as well as non-traditional sectors of the economy which offer great opportunities to the business community to invest in the country and to have maximum profit on their investments, he said.

Karim Aziz Malik briefed the delegation that Pakistan's top exportable items include textile made-up, cotton, knitted and non-knitted apparel, Rice, Pink Salt, Plastic Articles, Leather Articles, Automobiles, Mining, Gems Stones, Among many others.

Chairman Capital Office said that Pakistan is the world's 10th Largest Producer of rice. Pakistan's exports make up more than 8% of the world's total rice trade. Pakistan's export of broken rice to China has increased substantially.

He further said that Pakistan is the world's sole producer of pink Salt and the global market for pink salt is approximately $12 billion.

He invited Chinese investors to the emerging and fast-growing sector of Pink Salt for investment and joint venture.

He informed that the season of Cherry is going to start in Gilgit Baltistan and many Chinese delegations have visited the orchards of Cherries and they have shown their keen interest in importing Cherries from Pakistan.

Ashfaq Ahmed, Vice President FPCCI stressed the importance of interaction between business people, expansion of trade, and creation of joint venture investment between both nations.

He further said that in the future, Pak-China collaboration would largely be dependent on the active participation of their private sector enterprises. Both governments should play the role of facilitators of private-sector collaboration to enhance their role in promoting bilateral trade and investment.

Malik Sohail Hussain, Chairman of Coordination FPCCI Capital Office briefed the participants about business opportunities and investment potential in various sectors of Pakistan’s economy.

He said that Pakistan and China have great prospects to promote cooperation in multiple areas. He said it was encouraging that many Chinese companies were investing in Pakistan and making useful contributions to the economic development of our country.

He stressed for frequent exchange of trade delegations to bring the private sectors of both countries closer, exchange views, share experiences, and explore possibilities of setting up joint ventures in potential areas of cooperation.

Speaking at the occasion, Zhang Yang, Director of CFIC and Chairman of Chang Jiang Management said that Pakistan has made attractive policies, which provide numerous investment opportunities for Chinese investors.

He said that various Chinese companies are working in various fields in Pakistan.

The two countries are committed to further improving trade relations and we hope that in the future there will be substantial growth in bilateral trade between the two countries.

He further said that we are in an era of challenges and changes.

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Posted on: 2024-01-08T17:05:50+05:00