Beijing, 15 November 2021 (TDI): Pakistan Industrial Expo gets acknowledgment by the Exhibition Department Project Specialist and organizer of ICECEXPO. Project Specialist, Nina Hu lauds the performance by stating that Pakistan’s Industrial Expo has improved in comparison with its performance in previous years. The 5th Pakistan Industrial Expo was organized in Lahore.

It followed a hybrid model consisting of both online and offline operative measures. 108 Chinese companies and enterprises participated in it by covering an area of 1000 square meters. The exhibition featured construction machinery and Agriculture machinery. Other than it also exhibited equipment and new energy, hardware and building materials, chemicals, and other industries.

Previous year in 2020, the expo was organized online due to Covid related safety measures but the turnover did not turn out to be like this year. This happened due to many enterprises were not aware of the online format. However, this year the enterprises even participated in the online avenue of the EXPO

Project Specialist, Nina Hu asserted that it is the only International exhibition in Pakistan that has the capacity and capability that can promote Pakistan’s Industrial aspect. It can promote industrialization in various sectors i.e: agriculture, energy, and infrastructure.

Pakistan Industrial Expo has provided one-year matching services to agreed Pakistani and Chinese companies. It is also providing exhibitors with a one-year docking service. Pakistan Industrial Expo attended the 4th China International Import Expo to record the response of exhibition organizers about their experience at the Pakistan Industrial Expo. The response received indicated recognition, acknowledgment, and Appreciation for PIE.

Due to the Pandemic, many exhibition companies are unaware of this hybrid model able to provide overseas trade services. PIE wants to disseminate the operativeness of this model to other exhibition companies. PIE is looking forward to the next CIIE and PIE to promote Industrialization and prospects for China-Pakistan Industrial Cooperation.

5th Pakistan Industrial Expo

Despite the Covid-19 pandemic, Pakistan and China have maintained a strong economic and investment relationship, with more than 100 Chinese companies participated in the 5th industrial expo via physical and online channels, according to Board of Investment (BOI) Additional Secretary and Executive Director General Khashiur Rehman.

5th Pakistan Industrial Expo 2021 took place in Lahore in October this year.

Rehman described the Pakistan Industrial Expo 2021, as an opportunity to bring businessmen from both sides together to revitalise investment collaboration.

As the second phase of the China-Pakistan Economic Corridor (CPEC) began, he emphasised that BOI was taking the lead in investment promotion, facilitation, and industrial collaboration.

He went on to say that the second phase of CPEC included people-to-people and business-to-business (B2B) collaboration.

He expressed the hope that the expo would play a key role in fulfilling the second phase of CPEC’s objectives.

In terms of facilitating innovation and B2B relations between the two countries, Rehman stated that the creation of a Pakistan-China B2B investment site would allow Chinese, local, and third-party investors to be matched.

The BOI authorities took note of the proposals received from the investor community and stakeholders on the occasion, promising to pursue them at the appropriate level.

According to a BOI press release, Henan Province, China’s largest province, has enormous potential for investment projects and operations between firms on both sides.

Badaruz Zaman, Commercial Counsellor at Pakistan’s Embassy in Beijing, said Pakistan’s economy was at a critical juncture, with the ability to steer toward an industrialised future.

“Pakistan needs to attract new investments that will help it create jobs and to foster economic growth,” he said.

Wang Zihai, President of the Pakistan-China Joint Chamber of Commerce and Industry, stated that the expo would digitally connect member companies with Chinese businesses.

 

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