'All trade from China should be made through banks'

Punjab Minister for Industries, Commerce and Investment (IC&I) Sheikh Alauddin said that Punjab government was taking solid steps to strengthen its industry and the trade sector by giving top priority to solve its core issues.
While addressing the concluding ceremony of "Pakistan Coating Show 2017" at the International Expo Centre Lahore, he said the exhibition had provided vast opportunities to the national and multinational companies to showcase their hundreds of products, services and offerings and set up higher benchmarks of performance in the coating, colours, paints, veneers and chemicals industry.
The minister assured the audiences that the government was sincerely working on solving the issues related to the Punjab Revenue Authority and other taxing agencies as the national economic growth could not be envisaged unless our industry was boosted up. Replying a question on imbalance between China-Pak trade, Sheikh. Alauddin said that he had already raised the issue on his recent visit to China and in a meeting with the Federal Minister for Planning & Development Ahsan Iqbal.
He said, "I have suggested that all trade from China to Pakistan should be made through banks." He further added, "But it is also national responsibility of the industrialists and traders to avoid under invoicing and such other illegal ways that undermines the national economy. Pakistan was established after huge sacrifices of our forefathers so we all ought to realise its integrity and solidarity which could be ensured by rule of law and self-responsibility"
Lauding the successful conclusion of the three day Show, which was attended by several eminent figures from the coating, paints and chemicals industry, he said "The visitors were actively involved in various useful activities while the exhibitors displayed brand-new technologies, conducted intuitive seminars and consultations. Over the years, this event has become a resourceful platform for business-to-business interaction and collaborative ventures, as seasoned professionals and industrialists present revolutionary technologies and share innovative ideas on this forum. The grand exhibition is paving the way towards new milestones of success in the future."