42.1 C
Islamabad
Wednesday, July 3, 2024

CHINESE CONSUL GENERAL VISITS FPCCI

Must read

Public Questions Regarding a New Emerging Political Organization

 M Azam Tariq The formation and dissolution of political parties have been a regular occurrence in Pakistan's political history. Since the inception of Pakistan, political...

AI & Pakistan’s Flawed Judicial System

Zahid Karim Undoubtedly, the judicial system of Pakistan is beset with formidable problems of diverse nature which have impeded the way of the country towards...

Daily The Spokesman July 03 2024 PDF

Daily The Spokesman July 03 2024 PDF

Karachi :  Li Bijian, Consul General of the People’s Republic of China in Karachi today visited Federation of Pakistan Chambers of Commerce & Industry along with Economic & Commercial Counsellor , Guo Chunshui and other team members.

They discussed the matter of mutual interests and the state of affairs in CPEC with President FPCCI , Nasser Hyatt Maggo.  Javed Ilyas, Chairman, Pak China Business Council, Vice Presidents ,Hanif Lakhani,Nasir Khan and  Amjad Rafi, former President KCCI were also present in the meeting.

However he pointed out various hurdles being faced by business relations between Pakistan and China. He complained against the safety and security situation for Chinese businessmen and people working here. There were no consistent economic policies by the government in Pakistan. They announce one policy at breakfast and change it before lunch. This situation was quite alarming. He said that lack of basic infrastructure here was also harming our trade and industrial relations. Karachi is the largest port city of Pakistan that suits us in promotion of business activities. Also unskilled labour is damaging the business environment. We spend our money, effort and time in training the labour but after some time they change their loyalties. The Consul General further stated that in Gwadar government had not built any power plant, which is the main problem to develop that place rapidly. However, China is establishing its own electricity sources there which will take time.

Earlier, President FPCCI ,Nasser Hyatt Maggo in his welcome address disclosed that Pakistan and China are close friends but our trade figures were not reflecting this trend in a better way. There were many hidden tariff barriers imposed on trade with Pakistan. We don’t have direct relations with importers in China. He stressed that China should give Pakistan its due share in Chinese imports. So Pakistani businessmen should also take benefit by exports to China.

Javed Ilyas, Chairman, Pak China Business Council said that after signing FTA II in year 2019 total bilateral trade between us was $18 billion. Out of this Chinese exports were $16 billion while imports from Pakistan were only $1.9 billion. China imports lot of things from other countries but from Pakistan our businessmen complained against many barriers that must be relaxed. For example Pakistani beef is cheapest in the world but Chinese authorities have imposed quarantine restrictions. The same beef is exported to Vietnam in bulk and from Vietnam it enters into China without any restrictions, Maggo said.

Amjad Rafi, former President KCCI in his address pointed out that Pakistani Basmati rice was best in the world and well demanded in Europe too. Indian Basmati was banned in EU and Pakistan exported $2 billion Basmati last year but Chinese authorities had imposed quota on Basmati rice. If Pakistani exporters are allowed for free dealing in China the trade ratio could be enhanced many times, he added.

The Consul General informed that they want to make huge investments in Pakistan. On 21st May they will celebrate 70th anniversary of Pak-China friendship and diplomatic relationship. On 7th April the Ambassador of People’s Republic of China will visit the FPCCI Head Office to discuss trade and industrial relations with its members.

- Advertisement -CHINESE CONSUL GENERAL VISITS FPCCI

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -CHINESE CONSUL GENERAL VISITS FPCCI

Latest article

Public Questions Regarding a New Emerging Political Organization

 M Azam Tariq The formation and dissolution of political parties have been a regular occurrence in Pakistan's political history. Since the inception of Pakistan, political...

AI & Pakistan’s Flawed Judicial System

Zahid Karim Undoubtedly, the judicial system of Pakistan is beset with formidable problems of diverse nature which have impeded the way of the country towards...

Daily The Spokesman July 03 2024 PDF

Daily The Spokesman July 03 2024 PDF

 PM, President Emomali vow to further strengthen Pakistan-Tajikistan ties

Spokesman Report DUSHANBE :  Prime Minister Muhammad Shehbaz Sharif and President of the Republic of Tajikistan Emomali Rahmon on Tuesday expressed satisfaction on the existing...