Lahore: The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) held a significant meeting with the Golden Ring Economic Forum (GREF), focusing on strategies to enhance regional economic collaboration. The discussion centered on innovative economic approaches, such as barter trade, to strengthen ties within the Golden Ring framework, which includes Pakistan and China.
According to a statement by Pakistan China Joint Chamber of Commerce and Industry, the meeting featured prominent figures such as Lt. Gen. Sikander Afzal HI (M), (Retd.), Chairman of GREF, and Nazir Hussain, President of PCJCCI. Participants explored how adopting Chinese technological innovations could drive economic growth and resilience in Pakistan, especially amid global economic challenges.
Lt. Gen. Sikander Afzal emphasized GREF's role in promoting economic integration among countries like China, Iran, Pakistan, Russia, and Turkey. He highlighted China's leadership in technology as a catalyst for Pakistan's industrial advancement.
Nazir Hussain underscored the potential of Chinese technology to boost productivity in agriculture, energy, and manufacturing sectors. He advocated for industrial digitization and renewable energy projects to accelerate economic transformation.
Brig. Mansoor Saeed Sheikh (Retd), Senior Vice President of PCJCCI, discussed currency swap arrangements as a means to facilitate trade and reduce reliance on foreign exchange reserves.
Engr. Hasnain Reza Mirza, President of GREF, and Zafar Iqbal, Vice President of PCJCCI, highlighted the Belt and Road Initiative as a crucial platform for growth. They proposed initiatives like joint infrastructure development and enhanced trade connectivity.
Salahuddin Hanif, Secretary General of PCJCCI, concluded the meeting with a commitment to fostering dialogue and cooperation to leverage economic and technological opportunities.