Sino-Pak two-way trade seen at $15bn

TDAP chief upbeat on raising trade volume

ISLAMABAD: The volume of bilateral trade between China and Pakistan would increase to $15 billion by 2015, Chief Executive Officer (CEO) Trade Development Authority of Pakistan (TDAP) Tariq Puri said here Saturday.

Trade between the two friendly countries would be enhanced up to $10 billion in next two years and $15 billion by 2015,” he said while talking to reporters on the sidelines of the Pakistan China Business Cooperation summit, 2010 here on Saturday, Tariq Puri said that there was great scope for enhancing trade between the two friendly countries, adding current business summit would definitely pave way for increasing it.
He said that about 150 counterpart companies of different sectors of the two countries have been engaged in consultations in the forum, exploring opportunities and possibilities for future investments and exports.
He said that Pakistani export companies would be involved in marketing in various cities of China to enhance exports to China.
He said that Pakistan and China were enjoying friendly political relations which led to developing trade and economic relations.
The Pak-China Business Cooperation Summit has been organised by Board of Investment in collaboration with Federation of Pakistan Chambers of Commerce and Industry, Trade Development Authority of Pakistan and China Council for Promotion of International Trade.
Almost 260 Chinese delegates and 150 representatives of Pakistan from different investment sectors participated in the summit during which Business to Business meetings were also organised.
The Board of Investment has expressed the hope that the summit would have long-term positive affect on the economic of both the countries and expected that $25 billion investment would be attracted by the summit. -APP

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