General Secretary, United Business Group (UBG) and former Vice President FPCCI Zuberi F. Tufail has called for increasing Pakistan's share in bilateral trade with China. He said at present Pakistan-China bilateral trade is about $12 billion, wherein China's share is around $10 and Pakistan's share is only two billion dollars, and the balance of trade is heavily in favour of China.
Referring to China-Pakistan Economic Corridor, he said that China had invested billions of dollars in the CPEC. Tufail said that Chinese private sector investors had expressed interest to invest in various sectors in Pakistan including steel industry, chemical industry, auto mobile industry, power sector etc, which is welcoming.
He said that power production units being established in collaboration with China were likely to start power generation by the end of 2017 and middle of 2018 which will ease electricity crisis substantially. About security situation in the country, Zubair expressed satisfaction over the measures adopted by the Army to improve law and order in the country that have started yielding results.
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