Wang Zihai Expects 100 Billion Dollars Of Investment When CPEC Is Completed
Islamabad: The Pakistan-China Joint Chamber of Commerce and Industry’s newly-elected President, Wang Zihai, expressed optimism of huge investment from China up to $100 billion following the completion of infrastructure projects under the China-Pakistan Economic Corridor. He told newsmen that CPEC is a marvelous infrastructure project which would link Asia with Europe and promote trade and business activities.
He said Punjab offered a lot of business opportunities to the investors and the Chinese investors are considering repositioning their industries in Pakistan if necessary facilitation is extended by the Pakistani government. He said an easy environment, government support and one-window like facility could play an important role in attracting the Chinese investment in the manufacturing sector. The investors require easy business environment which is available in Pakistan, particularly Punjab he added.
It was said that around 700 small, medium and big companies are already functioning in Pakistan with a workforce of about 10,000 Chinese workers. Projects to produce textile products and shoe chemical are already underway whereas there is also a great potential in the agriculture sector. He added that, “Being first Chinese national elected as President of the Pak-China Joint Chamber of Commerce and Industry, he said he will invite the Chinese investors to facilitate joint ventures with their Pakistani counterparts”.
It is pertinent to mention that Wang Zihai, who is also Chairman of all the Chinese companies working in Pakistan, is the first Chinese elected unopposed as PCJCCI President for 2016-17