APBF welcomes China’s initiative

LAHORE: The All Pakistan Business Forum (APBF) has welcomed the regional development initiative of China, which also includes the China-Pakistan Economic Corridor (CPEC) project, a statement said on Monday.

This large-scale initiative will effectively serve the long-term economic interests of several countries in the region, including Pakistan, it said.

Ibrahim Qureshi said that the APBF appreciate China’s robust investment plans and Trans-national initiative for boosting cross-border trade activities.

This pioneering venture, inclusive of the CPEC project, promises to bring great enrichments to the legendary trade route that has historically nurtured political, cultural and business relations all over the region.

It inspires new possibilities to set up industrial sites and energy projects, along this new rail and roads network, especially in the economically deprived areas, he said.

The success of this initiative relies on stronger collaboration of business communities across the borders.

The APBF will bring in all its resources and abilities to engage vital organisations and entrepreneurs in the region, to create robust links, new opportunities and mutual benefits, he added.