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LCCI stresses local companies role in CPEC

LCCI stresses local companies role in CPEC

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Saturday called for giving the local manufacturers a major role in China-Pakistan Economic Corridor (CPEC) project to give boost to the local industries.

LCCI President Abdul Basit and Vice President Muhammad Nasir Hameed Khan said here that local industries should be given level playing field to get benefits and should be involved in the CPEC projects.  They said that giving complete control to the foreign companies would be an injustice to the local industries, which were already working in challenging conditions.

Meanwhile, a Chinese delegation of Shandong visited the LCCI and had a detailed discussion with its President Abdul Basit and Vice President Muhmammad Nasir Hameed Khan on two-way trade and investment.

On this occasion, Abdul Basit said that Lahore had a special significance being the hub of business activities in Punjab. Both public and private sector organisations were striving to fully exploit the trade and investment potential of Punjab in collaboration with foreign investors, he added.

He said that China was the first choice for Pakistani businessmen for joint ventures. He hoped that state-level cooperation would bring greater fortune to both the countries.