AIRLINK 74.70 Increased By ▲ 0.41 (0.55%)
BOP 4.97 Increased By ▲ 0.02 (0.4%)
CNERGY 4.50 Increased By ▲ 0.13 (2.97%)
DFML 39.95 Increased By ▲ 1.15 (2.96%)
DGKC 86.15 Increased By ▲ 1.33 (1.57%)
FCCL 21.30 Increased By ▲ 0.09 (0.42%)
FFBL 33.87 Decreased By ▼ -0.25 (-0.73%)
FFL 9.73 Increased By ▲ 0.03 (0.31%)
GGL 10.44 Increased By ▲ 0.02 (0.19%)
HBL 113.00 No Change ▼ 0.00 (0%)
HUBC 137.15 Increased By ▲ 0.95 (0.7%)
HUMNL 11.35 Decreased By ▼ -0.55 (-4.62%)
KEL 5.21 Increased By ▲ 0.50 (10.62%)
KOSM 4.60 Increased By ▲ 0.16 (3.6%)
MLCF 37.72 Increased By ▲ 0.07 (0.19%)
OGDC 139.40 Increased By ▲ 3.20 (2.35%)
PAEL 25.55 Increased By ▲ 0.45 (1.79%)
PIAA 20.68 Increased By ▲ 1.44 (7.48%)
PIBTL 6.85 Increased By ▲ 0.14 (2.09%)
PPL 122.49 Increased By ▲ 0.39 (0.32%)
PRL 26.54 Decreased By ▼ -0.11 (-0.41%)
PTC 14.05 Increased By ▲ 0.12 (0.86%)
SEARL 59.03 Increased By ▲ 1.81 (3.16%)
SNGP 68.70 Increased By ▲ 1.10 (1.63%)
SSGC 10.33 Increased By ▲ 0.08 (0.78%)
TELE 8.44 Increased By ▲ 0.04 (0.48%)
TPLP 11.14 Increased By ▲ 0.01 (0.09%)
TRG 64.05 Increased By ▲ 1.24 (1.97%)
UNITY 26.58 Increased By ▲ 0.08 (0.3%)
WTL 1.44 Increased By ▲ 0.09 (6.67%)
BR100 7,838 Increased By 28.3 (0.36%)
BR30 25,440 Increased By 290.1 (1.15%)
KSE100 75,111 Increased By 154.8 (0.21%)
KSE30 24,109 Increased By 26.2 (0.11%)

A 'Pakistan pavilion' was opened in Yiwu, a city located in China's Zhejiang Province to display products of Pakistani manufacturers and traders aimed at boosting imports from Pakistan particularly after the implementation of China-Pakistan Free Trade Agreement (CPFTA).

Pakistan Ambassador to China, Naghmana Alamgir Hashmi formally inaugurated the pavilion. Commercial Counsellor, Embassy of Pakistan, Beijing, Badar uz Zaman and the members of the Pakistani business community were present.

Amir Suhail alias Jehanzeb Afridi, one of the founders of Pakistan pavilion informed on Sunday that the facility would provide Pakistani traders an opportunity to market their products in China. He said the Pakistani businessmen could only send samples of their products for display if they were not personally present in China.

The CPFTA Phase-II has allowed Pakistani businessmen to export around 313 new products on zero duty to the Chinese market. As Pakistan is already enjoying zero duty on export of 724 products to china under the first FTA, after the implementation of the second FTA, the country has been allowed to export a total of 1047 products to China on zero duty.

Amir Suhail, also a former representative of Peshawar Zulmi in China, said the Yiwu was one of the biggest city for exports and in the coming days, it would also become a hub of imports to China.

"If Pakistani traders take benefit of this pavilion, we could help achieve export targets set by our government," he added. Other businessmen Shah Nawaz Kakar, Haji Malang Shah, Naoman of Shan Masala and Eman Logistic Company are the co-founders of the pavilion.

He said at present, there was a great demand for salt lamps, sports goods, decoration pieces of copper and chromites, carpets and spices. China has twice organized import exhibitions in Shanghai during the last two years as it wants to import quality products from different countries including Pakistan.

"If our traders actively participate in different trade fairs in China to market their products, they can get import orders with good price," according to an economic expert.

It is worth mentioning that Yiwu is the world's largest consumer good purchasing center having an area of 4.7 million square meters accommodates 70,000 booths and sells 1.7 million kinds of goods. Over 400,000 overseas businessmen come to Yiwu each year, and over 13,000 overseas businessmen from more than 100 countries including Pakistan and regions reside in Yiwu city.

Copyright Associated Press of Pakistan, 2019

Comments

Comments are closed.