China Pakistan Economic Corridor (CPEC) will open new avenues of progress and prosperity for the entire region and the business communities of Pakistan and China have to prepare them to fully exploit opportunities being created as a by-product of this mega infrastructure project, said Faisalabad Chamber of Commerce and Industry (FCCI) Vice President Jamil Ahmad.
Addressing a function after inking a Memorandum of Understanding (MoU) between FCCI and Shannixi Association for promotion of international economic cooperation at FPCCI Punjab office, the FCCI vice president said that Pakistan and China had had cordial relations for the last many decades.
“The visit of Chinese President Xi Jinping has given a new tilt to our relations in addition to paving the way for exploitation of its economic benefits,” he said, and added that the investment of $46 billion would speed up development of this region and its beneficiaries would include all the countries of this region.
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Muhammad Adrees and FPCCI Provincial Head Khawaja Zarar Kalim were also present during the ceremony.
Earlier, Jamil Ahmed signed the MOU with Geo Yang, head of business delegation. Under this MoU, the two chambers will collectively work towards improving trade, commerce and economic cooperation between their members. It was also agreed that the two chambers would work towards promoting exchange of information relating to their respective markets.
