PCJCCI, PBIT for developing intelligent investment strategy

F.P. Report

LAHORE: Pak-China Joint Chamber of Commerce and Industry (PCJCCI) here Tuesday called for harmonization and coordination among the organizations working for country’s economic development.

PCJCCI President S. M. Naveed stated this while commenting on a collaborative business programme concluded between PCJCCI with Punjab Board of Investment and Trade (PBIT). He urged upon the public and private organizations to strengthen networking and initiate cohesive moves for economic development of the country. He hoped that coordination of PCJCCI and PBIT would evolve innovative businesss trategies to create an investment-friendly environment in Pakistan, he added.

S.M. Naveed mentioned that the recent MOU signed with Punjab Board of Investment and Trade was principally intended to amalgamate the latest information, business statistics, market needs and challenges to chalk out potential areas for investment. The cooperation of PCJCCI and PBIT would help developing an intelligent strategy for enhancing trade and investment and to facilitate local and foreign investors with a special focus on CPEC (China-Pakistan Economic Corridor).

He asserted that this collaboration would lay down a strong foundation for overcoming the challenges and making Pakistan a more investment-friendly country. “We will make untiring efforts to deepen and further expand trade and economic relations through harmonization of standards, visa facilitation to businessmen and promotion of investment avenues in various potential sectors including; textiles, automobiles, real estate, agriculture, chemicals, food processing and pharmaceuticals,” he resolved.

S.M. Naveed hoped that both Pakistanis and Chinese would equally be benefited by the initiatives taken by PCJCCI and PBIT joint venture. He explicated that PCJCCI was a trade organization and the objective behind the establishment of this platform was to pave way for two-way investments by eliminating hurdles between the business communities of both China and Pakistan.

PCJCCI President also expressed deep gratitude to Jahanzeb Burana, the CEO of PBIT, for his sincere cooperation to enter into a common working pace with a nationalistic approach.