Pakistani ECC to approve textile package

Pakistan’s Economic Coordination Committee (ECC) at it upcoming meeting will be approving a textile package as the textile industry is the country’s largest industry, said Federal Trade and Commerce Minister Pervaiz Malik.

Malik at the China Electrical and Mechanical Machinery Expo 2017 held at the Lahore Expo Centre on Saturday, insisted that the recent hike in gas tariff is minimal and it would not cause harm to the industrial sector.

Malik said that China always cooperated with Pakistan in every sector. Establishing a chain of enterprises is also part of the China-Pakistan Economic Corridor (CPEC) project and this expo is a step in this direction.

As many as 100 stalls were set up by Chinese manufacturing companies and around 200 Chinese businessmen from the machinery industry joined the expo in an effort to explore possibilities of joint ventures and partnerships with Pakistan’s machinery manufacturers.

Many consultancy firms have also set up their stalls to assist the investors.

China’s Consul General Long Ding Bin, acknowledged the initiatives taken by the Pakistan-China Joint Chamber of Commerce and Industry and E-commerce Gateway Pakistan.

The exhibition is a direct interaction in which Pakistani companies, particularly young entrepreneurs, will get a golden opportunity to meet with Chinese success leaders in the machinery industry.

Over 10,000 people including top-level machinery manufacturers, businessmen, entrepreneurs and investors of China and Pakistan were present on the first day of the three-day expo.