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$45.6b Pak-China economic corridor to open new vistas, boost trade

$45.6b Pak-China economic corridor to open new vistas, boost trade

HYDERABAD: China Deputy Consul General Mu Young Pung has said that Pak-China economic corridor will open new vistas of trade relations between the two countries and it will further strengthen the relations between the people of both countries. Chinese government announced that it will finance Chinese companies to build $45.6 billion worth of energy and infrastructure projects in Pakistan as part of Pak-China Economic Corridor.

He expressed these remarks while addressing the traders and industrialists here at the secretariat of Hyderabad Chamber of Commerce and Industry (HCCI) on Thursday, the HCCI spokesman informed. The deputy consul general invited Pakistani traders and industrialists to visit China and explore the fields of trades particularly in agriculture and medicines, reported APP.

The strengthening of trade relations will cement the relations even for the next generations of the two countries, he said and assured that on recommendation of HCCI, visas will be issued to traders and industrialists of Hyderabad on priority basis.

Earlier, in his welcome address, the Hyderabad Chamber of Commerce and Industry Senior Vice President Turab Ali Khoja said that China is the oldest and reliable friend of Pakistan and the trade relations between the two countries will surely boost the economy not only in Pakistan, but also the China.

He said that Hyderabad has the great potential for investment in agro-based industries as it is producing a number of items including wheat, cotton, fruits, vegetables and flowers. The investment can also be made in power generation and coal mining sectors, he said.