LAHORE - An 8-member Chinese delegation has arrived in Pakistan on invitation of S M Naveed, President Pak- China Joint Chamber of Commerce and Industry (PCJCCI), to review joint venture opportunities in the fields of automobiles innovative accessories, town planning and vertical buildings infrastructure.

President PCJCCI, S.M Naveed and Vice President Rana Mehmood Iqbal briefed the delegation regarding the demand of innovative energy efficient automobiles, car accessories and vertical buildings in Pakistan. S.M. Naveed told that the automotive industry in Pakistan is the one of the fastest growing industries of the country, accounting for 4% of Pakistan's GDP and employing a workforce of over 1,800,000 people. With the growing demand of automobiles, demand for the car accessories has also increased, he said.

The head of delegation, Mr Gaoqiang said that we want to venture with Pakistan in mechanical parts and accessories, Electric motor parts and accessories and electronic parts and accessories. According to Mr Gaoqiang, China has extensive manufacturing facilities that could be relocated to Pakistan based on the demand of accessories. He said that China is eager to make a massive investment in the Pakistani auto sector where the vehicle’s quality and price will boost the competitiveness in the market. The process of putting the plant together is expected to be completed in 2 to 3 years.