January 23, 2019: Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) initiated Chinese New Year celebrations by holding B2B (Business to Business) meeting with Shandong Trade Delegation led by Mr. Zang Zongjhun, 2nd Counsel from the Department of Industry & Information of Shangdong Province.
The visiting delegation comprised of ten renowned Chinese companies of Shandong province, including Shandong Jinqilin Company Limited, Yuhong New Pigment Company, Hongong Group, Weihai Antai Electronic Refrigeration Equipment Company, Shindaya International Trade Company.
Their areas of interests included Auto parts (especial for brake pads & brake materials), Electronic Refrigeration, Optoelectronic Communication Cable Industry, Organic pigments, Hardware and Weighting Instruments etc. Different Pakistani companies related to the given sectors participated in the meeting and discussed prospects of joint ventures with their Chinese counterparts.
On this occasion, Senior Vice President PCJCCI, Ahmed Hasnain acknowledged that China had stepped forward to assist Pakistan in harnessing the potential of its dynamic population. Both sides focused on expediting efforts to ensure economic engagements under CPEC, and observed that by arranging B2B meetings, they can exchange ideas, innovations and technological advancements in the potential sectors.
Sharing his views, Zang Zongjhun said, “Just as Pakistan is happy to see China's growing stature on the world stage, China, in turn sees a strong, stable and prosperous Pakistan as a source of strength.” He assured that Chinese industry would keep on extending strong support to spur economic and industrial growth of Pakistan.
Vice President PCJCCI, Khurram Shafique said that it was quite encouraging that apart from public sector, private sectors of both the countries were also entering into joint ventures. As a result of B2B interaction between China and Pakistan at private level, more than 100 billion dollar investment was expected at parallel with the $60 billion investment in the public sector, he informed.
He was also confident that the combination of private and public investment would lead a pragmatic shift in the economic structure of Pakistan.