CPEC will make markets more competitive, says PM Imran

Prime Minister Imran Khan on Wednesday expressed that Pakistan aims to be more competitive and welcoming market for businesses around the globe.

PM Khan addressed the opening ceremony of 1st China International Import Expo as the keynote speaker.

During his speech, Imran Khan said that the China-Pakistan Economic Corridor (CPEC) will cut costs and distances and make the markets more competitive. He reiterated that CPEC will open up new outlooks for growth and investment.

He thanked Chinese President Xi for inviting Pakistani exporters in the CIIE and expressed his desire for close relations between China and Pakistan businesses and CIIE to be a massive success.

On the other hand, Mr. Chen Siqing, Chairman Bank of China, visited Pakistan pavilion allocated to exporters from Pakistan. He was accompanied by Dr. Li Tao, Country Head and CEO, Bank of China Pakistan Operations along with other senior members of Bank of China management.

During CIIE, a three-day matchmaking conference was organized by Bank of China to bring Chinese importers and exporters from around the globe on one platform.

A total of 900 international exporters and 15,000 Chinese importers attended the BOC matchmaking conference. Mr. Younus Dagha, Federal Secretary for commerce and Mr. Wang Zhihua, Economic and Commercial Counselor of China in Pakistan also witnessed the event.

Bank of China Pakistan Operations with the help of Trade Development Authority of Pakistan (TDAP) played a central role in enrolling 53 Pakistani exporters for the conference.

Over 200 meetings and presentations were organized between Chinese and Pakistani companies during the BOC matchmaking conference.

Chinese importers particularly showed interest in textile, agricultural and leather products of Pakistan. Bank of China arranged a dedicated conference hall for exhibitors to display their presentations.

About 22 pairs of Sino-Pak companies expressed willingness to extend their business relationship and 10 pairs signed Memorandum of Understanding (MoU) during the conference.