One Belt One Road to have tremendous economic impact on Pakistan: Huang Li Dong

CPEC to play pivotal role in economic progress of both the countries: Li Pheng Rong

ISLAMABAD, Oct 14 (APP): Director General Kashgar Economic Information Bureau, Huang Li Dong on Friday said that One Belt One Road would have tremendous economic impact on Pakistan.

This he said during his visit along with a delegation of
Kashgar Chamber of Commerce and Industry of China to Islamabad Chamber of Commerce and Industry (ICCI).

The delegation was representing various sectors including
automobile, steel, industrial machinery, international trading, wood industry, building materials, water conservation and agriculture development.

Speaking at the occasion, Huang Li Dong said that they have
come to Pakistan to explore its market and after visiting Karachi, Lahore and Islamabad, they have found that there were lot of business opportunities for Chinese investors in Pakistan.

He said regular interactions between private sectors of both
countries were important to exploit all untapped areas of mutual cooperation.

He said Silk Route was a historic trade route and China has
now revived this ancient route by undertaking massive infrastructure projects under One Belt One Road which will have tremendous beneficial economic impact on Pakistan and other countries on its roadmap.

Both Chambers agreed to cooperate for facilitating regular
exchange of trade delegations for exploring new avenues of mutual cooperation.

In his welcome address, Khalid Iqbal Malik, President, ICCI
said that China was Pakistan’s largest trading partner and bilateral trade of around US$ 19 billion between the two countries was quite encouraging.

He said that China Pakistan Economic Corridor (CPEC) would
connect Gawadar Port with Kashgar through a network of roads,

railways and oil and gas pipelines and would make Baluchistan and Kashgar hubs of regional trade and economic activities.

He said CPEC will also provide China easy access to Middle
East, Africa and West.

He urged that Chinese investors and companies should explore maximum investment opportunities in this historic project for its timely realization.

He also briefed the Kashgar delegation about investment
opportunities in various sectors of Pakistan’s economy.
He said energy, infrastructure development, construction, oil
& gas exploration, gems and jewellery, minerals, marble, poultry, pharma, information technology, wood industry and many other sectors offered great investment potential to Chinese investors and they should step up efforts to explore possibilities of joint ventures and putting up industrial units in Pakistan.

He said direct flights should be started between Islamabad and Kashgar that will help in improving trade relations.