Exports to Beijing on the up


Ambassador of the People’s Republic of China Liu Jian on Monday said Pakistan’s development is our progress and difficulties of Islamabad are our problem which we would mutually overcome soon.
He said that investment climate in Pakistan is very good while government is providing best possible security to investors therefore no Chinese entrepreneur is worried to come to Pakistan.
The Ambassador said that while talking to business community and Chinese Pakistanis at the house of Muhammad Raza Khan, former Chairman Coordination of FPCCI. Former President ICCI Nasir Khan and other business leaders were also present on the occasion. Ambassador China Liu Jian said that Beijing is encouraging Chinese companies to invest more in Pakistan so that this brotherly country can progress on a fast pace.
Cooperation and trade between Islamabad and Beijing is increasing, bilateral trade has crossed $ 10 billion mark while Pakistan exports to China have increased by 54 per cent, informed Liu Jian.
He said that China is working on 120 projects in Pakistan of which some initiatives are related to energy. Asking Pakistan to resolve energy crisis as soon as possible, he said that we would be pleased if Chinese companies are invited to take part in TAPI gas pipeline project.
He said that China has become Pakistan’s largest trading partner and and the fourth largest export destination. We should further strengthen cooperation in energy, agriculture, infrastructure, financial sector, and other fields, as well as enhance people to people exchanges, he said.
Both countries should try to get maximum benefit of bilateral Currency Swap Agreement and recent Agency Agreement signed between State Bank of Pakistan and the People’s Bank of China, he stressed.
At the occasion, Raza Khan demanded of the government to include Chinese companies in the TAPI project. China has set a record by completing 7500 km pipeline in 18 months which means it can complete TAPI project in 4-5 months resolving energy our crisis, said Raza Khan. Nasir Khan said that China is our best and tested friend and all Pakistanis are proud of Beijing.