Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has apprised that a high-profile Chinese trade & industry delegation – comprising over 50 prominent business leaders and investors – visited the Federation House in Karachi on Monday to engage with local industrialists, traders and investors – and, explore new avenues for economic cooperation.
Mr. Atif Ikram Sheikh explained that the visit, officially facilitated by Pakistan’s Ambassador to China, H. E. Khalil Hashmi, marks one of the most significant and largest industrial and investment delegations from China to Pakistan in history. The Ambassador also announced that Pakistan is going to organize an export promotion exhibition in China – comprising of 18+ sectors representing key areas of Pakistani economy and potential exports.
Pakistan’s Ambassador to China, H. E. Mr. Khalil Hashmi, emphasized the strategic importance of this engagement. Our primary goal is to effectively transform our historic diplomatic and strategic friendship into a sustainable, robust economic partnership.
H. E. Mr. Khalil Hashmi added that this delegation’s presence in FPCCI Head Office in Karachi is a testament to the growing desire for industrial collaboration, technology transfer and long-term joint ventures between the private sectors of our two great nations – and, we are fully committed to facilitating these vital connections.
Mr. Saquib Fayyaz Magoon, SVP FPCCI, informed that the delegation held important Business-to-Business (B2B) discussions with Pakistani entrepreneurs. Both sides reached a strong consensus on the urgent need to strengthen bilateral trade relations through direct investment, industrial relocation, technology transfer and joint ventures.
Mr. Saquib Fayyaz Magoon highlighted that the visiting delegates represent a diverse and strategic range of key economic sectors; including mines and minerals, chemicals, textiles, manufacturing, renewable energy, information technology, the automobile industry, food processing and agriculture.
Mr. Abdul Mohamin Khan, VP & Regional Chairman Sindh, FPCCI, echoing these sentiments, elaborated that the leadership of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) appreciates the transformative potential of this engagement for the economy of Pakistan and employment generation.
Mr. Abdul Mohamin Khan stressed that, to successfully boost exports to China, Pakistan must strategically shift its focus toward value-added products and stringent quality control. He noted that there are vast, lucrative opportunities for Chinese investment – particularly in industries and manufacturing consisting of multiple, diverse sectors – which will accelerate and enrich broad-based economic cooperation.
Mr. Nasir Khan, VP FPCCI, urged local companies to capitalize heavily on Chinese expertise, modern technology, extensive industrial experience and global accomplishments. He urged Pakistani traders to use these interactions to actively explore new trade routes and investment avenues. Furthermore, he remarked that expanding fraternal ties into the private sector and translating them into robust economic cooperation will be a genuine game-changer.
Mr. Shabbir Mansha, Chairman of the Pakistan-China Business Council of FPCCI, reinforced the immediate and profound need for consistent trade promotion and B2B activities between Pakistan and China. He noted that sustained interaction is the only viable path to bridging the existing trade gap; fostering mutual growth and ensuring that diplomatic goodwill yields tangible economic prosperity for the people of Pakistan.