KARACHI - Karachi Chamber of Commerce & Industry have appreciated the Pak-China governments for signing 12 agreements/MoUs focusing on further constructing vibrant economic and trade relations and building economic corridor.

KCCI’s President Muhammad Haroon Agar has congratulated the Premier of the People’s Republic of China Li Keqiang and President of Pakistan Asif Ali Zardari for reaffirmation of the pledge to deepen strategic ties irrespective of international situation and further strengthen “all weather friendship” and “all-dimensional cooperation”.

Haroon Agar stated that handing over Gwader port to China is a welcoming move and a greater promise for creation of regional economic and trade corridor. Pakistan needs China’s help in full utilization of port by developing network of roads and railway link from Gwader port to all upcountry destinations and beyond to Central Asian Republics via China. He appreciated that both governments have decided to push forward negotiations of Pak-China FTA to multiply the volume of trade.

President KCCI hoped that current China-Pakistan bilateral trade volume of $12.4 billion will rise to $15 billion during next few years. To start work on Pakistan Agriculture Demonstration Zone, formation of Young Entrepreneurs Forum and annual Pak China Trade and Investment Forums in Beijing and Islamabad are landmark decisions. China-Pakistan priority projects in connectivity and power generation are also need of the time.