ABS

NEWS & EVENTS

1st Pakistan China Summit

1st Pakistan China Summit Successfully Concluded in Dalian,China

On March 31st 2019, over 300 representatives of Chinese companies and Government gathered in Dalian at the Shangri-La Hotel to attend 1st Pakistan China Summit organized by Pakistani Entrepreneur ANTARES BUSINESS SERVICES CO., LTD (ABS) with support of Embassy of Pakistan Beijing and Dalian Municipal Government. Participants came from all over China belonging to different industries on this platform under the banner of “One Belt, One Road” and China Pakistan Economic Corridor (CPEC) initiated by the leaders of the State Council aimed at jointly building and sharing the future of cooperation between China. Al-Habib and other Pakistani based companies were also part of the Pakistani delegation. Director Peking University Pakistan Research Institute Mr. Tang Meng Sheng also took part in the event. Representatives of Dalian Municipal Government, local chambers and organizations actively attended the event.

The first half of the event was started by the recitation of The Holy Quran. The hosts then introduced the guests at the event, national anthems of both Pakistan & China were then played.

Deputy Secretary Mr. Wang Xin Wei, made a welcome speech and presented sincere blessing for holding 1st Pakistan China Summit on behalf of the Municipal Government. “The summit focuses on the one belt and one road initiative and is aiming to build a bridge for international cooperation”, he added.

Inauguration of the Summit was then done by the honorable Commercial Counselor Mr. Badar U Zaman and Deputy Secretary Mr. Wang Xin Wei. Honorary President of Pakistan China Summit committee Mr. Zhang Yong, President Mr. Anees Farooq, Rotatory President Mr. Meng Qiang, General Secretary Mrs. Jin Li was also present on the stage. President Pakistan China Summit committee and CEO of ANTARES BUSINESS SERVICES CO., LTD(ABS) Mr. Anees Farooq spoke on behalf of the summit organizing committee. He welcomed the guests and gave an overview about the opportunities of investment in Pakistan. It was pointed out that the successful holding of the Summit has promoted the strategic cooperation between Chinese and foreign enterprises. The situation of win-win and mutual benefits between Chinese and foreign enterprises will strive to be a-prosperous strategy of cooperation.

The honorable guest, Mr. Badar U Zaman, commercial counselor Pakistan Embassy Beijing made a brilliant statement on the history and current situation of Pakistan and investment opportunities Pakistan is unleashing to the world. Mr. Badar's speech not only served as a good answer to questions and puzzles, but also served as a good reference for future business visits and investments in Pakistan.

After the lunch break, the summit started again at 1:30. Lan Xin, anchor person of an Economic Program on Dalian TV Station hosted the second session of the summit. She first invited the Deputy Director-General of Business Bureau of Jinpu New District Miss. Ma Xiu Lian to give a speech on the theme of "Strengthening Cooperation and Promoting Development Together". The representative of Business Bureau believed that the Summit would act as a povital stage for both sides to develop simultaneously and would open up Pakistan for investment in all fields. In the late afternoon, on-site Forum discussions was held to exchange views of different people about the present situation and upcoming opportunities. The first topic was “Deepening Practical Cooperation and Promoting Common Development”. The participating attendees were the following:

The first China-Pakistan Summit had the great honor to invite Mr. Tang Meng Sheng, PhD supervisor of Peking University and director of the Pakistan Research Center of Peking University. In March 2003, Mr. Tang Lao was awarded the Star Medal for contribution to Pakistan China relationship by the President of Pakistan. Mr. Tang Lao made a detailed speech on the topic of "China-Pakistan industrial cooperation and its broad prospects". Prof. Dr. Tang Meng Sheng, Professor of Peking University, Director of Pakistan Research Center of Peking University, and Expert on Asian Issues; Mr. Sheikh Muhammad Shariq, Chief representative of National Bank of Pakistan in Beijing; Mr. Aqeel Ahmed Chaudhry, Chairman of Shanghai Branch of Pakistan China Chamber of Commerce in China, Chairman & founder of Shanghai Atlantis Jewelry Design and Brand; Dr. Xu Yan Feng, Lecturer of Training Center of Ministry of Commerce, Alibaba Special Lecturer, APEC E-Commerce Business Union E-Commerce Research Expert, China E-Commerce Expert, Banking Expert; Mr. Wang Hui Jun, who has been engaged in global tourism and international tourism research for a long time, has worked in the Supervisory Department of the National Tourism Administration and participated in international tourism volunteer work.

Conclusion:

From different perspectives such as policy planning, industrial structure, economic and trade exchanges, energy development, cultural exchanges and tourism resources, the discussion module analyzed the opportunities and challenges faced by China-Pakistan industrial cooperation. The forums sorted out the different economic and strategic needs of China and Pakistan and conducted in-depth ,exchanges on the fields and matters needing attention of China-Pakistan industrial cooperation in order to promote industrial cooperation in China-Pakistan economic corridor. The construction of such kind of industrial parks contributes ease and durability to the investment sectors.

The second topic was “The opportunities and challenges for private enterprises to invest in Pakistan”. The participating attendees were the following: Mr Li Hong Wei, Lawyer, Chairman of Jins Finance Group of Dalian Arbitration Commission, Mr. Hanif Khan-Chief Representative of Bank AI Habib representative office Beijing; Mr. Li Chuan Lin, bureau chief Zhong Guo Bao Dao, a state owned media house; Mr. Xu Yi, a senior economist, the first entrepreneurship mentor of the National Development and Reform Commission, the Secretary-General of Dalian Science and Technology Incubation Industry Alliance.

According to the current situation and actual needs of Pakistan's economy and industry, Chinese enterprises should be guided to engage with the producers. In our opinion, this should be done from two different levels: government and corporate sector. From the government level, for some major projects, the government can promote the implementation of bilateral cooperation platforms by choosing powerful enterprises. This is the type of cooperation agreement shall be signed between Chinese and Pakistani enterprises regarding agriculture, energy and other sectors with the support of the governments of China and Pakistan. From the corporate sector, more Chinese-funded enterprises, especially private enterprises and Pakistani enterprises in the spirit of mutually beneficial cooperation, including equity, tangible assets, intangible assets, mergers and acquisitions and cooperation. This docking between industry and business is an important form of industrial cooperation between China and Pakistan, whether promoted by the government or voluntarily by enterprises. The most important thing for industrial docking is to understand the actual needs, followed by negotiation and co-operations

In the end, President of the Summit Committee Mr. Anees Farooq thanked all the participants on behalf of committee, including all the government official from Dalian and China, Pakistan embassy officials, PCCC Officials and all the participating enterprises to make this summit successful.He also announced that the committee will organize a high level delegation to Pakistan within the coming month to explore the true opportunities in Pakistan and understand better about the environment and culture of Pakistan. He also mentioned that this summit will bring fruitful results in the near future.

Special Thanks: The organizing committee would like to thank all the participants for their support and making the event so successful. Special thanks to all the management staff and the university volunteers for their services for the summit.