Punjab Minister, PCJCCI members discuss ideas to promote Chinese investment in Pakistan

By Shafqat Ali | Gwadar Pro Apr 12, 2023

LAHORE, Apr. 12 (Gwadar Pro) - The caretaker Minister for Industries and Energy of Punjab and leading industrialist S M Tanveer and office-bearers of the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) on Tuesday afternoon discussed and exchanged ideas to promote Chinese investment in Pakistan here at PCJCCI Secretariat.

Sharing his views, S M Tanveer said that around 700 small, medium and large scale Chinese companies were currently working in various sectors in Pakistan under China-Pakistan Economic Corridor (CPEC) and this number was likely to grow in the future.

Chinese companies, he mentioned, were interested in investing in sectors of electronics, automotive, educational exchange programmes, insurance, agriculture, textiles, shoe manufacturing, chemicals, battery recycling and real estate and "We should facilitate them for economic growth and stability".

On this occasion Moazzam Ghurki, President of PCJCCI, said that low-priced energy was produced in China through incineration of waste materials. This model could prove to be a solution to the energy crisis and environmental pollution in Pakistan. 

He added that many Chinese companies were willing to invest in Municipal Solid Waste (MSW) incineration for power generation. He urged the government to adopt waste-to-energy incineration models in Pakistan in partnership with Chinese expert companies.

In his comments, Manzoor Malik suggested that "We should conduct various B2B (business to business) meetings among Chinese and Pakistani businessmen to increase the scope of trade and investment in the above mentioned areas."

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