LAHORE - Pak-China Investment Company has sought LCCI support for identification of business opportunities, development of feasibilities, search for joint ventures and execution of projects for channelizing Chinese investment in Pakistan. This was the crux of a presentation given by Mr Chen Jianbo, Managing Director, Pak-China Investment Company, to the members of Lahore Chamber of Commerce and Industry here at LCCI on Monday. LCCI Senior Vice President Tahir Javaid Malik and Convener LCCI Standing Committee for Pak-China Economic Relations Siddique Rehman Rana also spoke on the occasion. Mr Chen Jianbo said that Pak-China Investment Company was striving for collaboration between Pakistani and Chinese entrepreneurs for transfer of technology and for trade furtherance. But, he emphasized, that the security concerns of potential Chinese investors should be mitigated on priority basis. He said that there are scores of Chinese Companies which wanted to transfer technology in the areas where ample raw material is available but only because of absence of any such doable project, the Chinese are reluctant to make it happen. Chen said that over 70 Chinese Companies are presently operating in Pakistan but none of them is in industrial sector as all are busy in infrastructure related projects. He expressed concern over limited Chinese investment in Pakistan despite having excellent strategic relations at this point in time when the Chinese are making an investment of $ 60 billion in other parts of the world. He said that said that Pak China Investment Company was working with an objective to provide complete financial solutions in specialized areas including Power, engineering, telecom, construction and infrastructure projects, mergers & acquisitions, debt syndications and private equity placements. The initial authorized capital of the Company is Rs.12.14 billion equivalent to US $ 200 million, making it the largest joint venture investment company in Pakistan. Chen Jianbo said that the company incorporated in the year 2007 as part of 5-year Development Programme for Economic and Trade Cooperation to achieve a balance of mutual trade of $ 15 billion by year 2011 between Pakistan and China. But unfortunately both the sides are far behind the target. Speaking on the occasion, the LCCI Senior Vice President Tahir Javaid Malik said that China was fast becoming resource base for Pakistani companies as Pak-China Investment Company was providing momentum to growing trust shared between the business communities of the two countries in trade and investment matters. He said that Pakistan is very lucky to have an extraordinary and strategic relationship with China in almost every area of business, trade and commerce. LCCI Senior Vice President said that Pakistan is ranked as 6th largest economy in terms of population, having 52% of the total population under the age of 19 years. This fact also relates to Pakistan being a very dynamic and diversified economy with relatively large consumer market with growing middle class. Tahir Javaid Malik said Pakistan and China share an extremely cordial relationship. Therefore, for Chinese companies, their decision to come to Pakistan is strategically and economically very sound and viable.