ICCI seeks rail network from China to Gwadar, Karachi
ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) has suggested that a direct rail network from China be created for Gawadar and Karachi, which would help increase the trade between the two countries.
The ICCI President Muhammad Ijaz Abbasi, in a meeting with a two-member official delegation of the embassy of the Republic of China, including Zhou Zhencheng Consellor Economic and Commercial and Liu Guotao Second Secretary during a meeting at ICCI said that the trade and economic relations of Pakistan and China were growing fast. Zhou Zhencheng said that bilateral trade between the two countries had crossed $6 billion showing 25 percent increase in the last years trade volume. He said that the balance of trade is presently in favaour of China and there is a need to further balance it. He said that Chinese business delegations regularly visit Pakistan for meetings with their Pakistani counterparts for import of various products from Pakistan. He said that Pakistan exports many products including minerals and fiber products to China.
He said that a large number of Chinese companies are working in Pakistan and more companies are interested to invest in Pakistan. He informed that 60 Chinese companies have permanent offices in Pakistan and recently China Mobile Pakistan has taken over Paktel, making a large investment in the telecom field. He said that through an agreement with Pakistan, Chinese investors would be encouraged to investment in the economic zone at Lahore.
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