KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Shamim Ahmed Firpo has said international exhibitions in the city are vital for economic growth and industrial development.

Speaking at the inauguration of the 8th edition of Industrial Electronic and Electrical Engineering Exhibition of Pakistan (IEEEP) Fair 2017 at Expo Centre Karachi on Tuesday, he said the positive impact of Pakistan's geographical location is now being fully realised through the China-Pakistan Economic Corridor (CPEC), said a KCCI press release on Tuesday.

The event has been organised by the Institute of Electrical and Electronics Engineers of Pakistan (Karachi Center), and it would continue till August 3.

CPEC projects are referred as 'The Game Changer' for the region and for the world's economy. The continuation of such fairs would help boost prosperity for other sectors of the economy as well.

Around 350 stalls have been set up by more than 250 national and foreign companies in four halls of the Expo center. Moreover, around 15 foreign countries with 40 plus foreign delegates are participating in the event.

The Chairman of FPCCI Committee on Fair and Exhibition, Hanif Gohar, also spoke on the industrial growth and importance of the event. Such fairs not only generate opportunities for employment but also create awareness of the use of electric goods, he said.