The first Pakistan Hong Kong Trade and Investment Forum (PHKTIF) was held in Hong Kong today with its major focus on promoting business prospects created by China Pakistan Economic Corridor (CPEC) under the Belt and Road initiative. The participants of the Forum showed keen interest in joining the socio-economic benefits of the Belt and Road projects in Pakistan, says a press release received here today from Hong Kong.

Pakistan’s Ambassador for China Mr. Masood Khalid and Commissioner for Belt and Road, Government of Hong Kong SAR Miss Yvonne Choi Ying-pik inaugurated the Forum in Hong Kong. The Forum was participated by representatives of leading companies of Hong Kong and Mainland China having interest in Belt and Road projects in Pakistan.

In his welcoming remarks, Ambassador Masood Khalid said that China Pakistan Economic Corridor has created abundant trade and investment opportunities for the world thanks to worth US$52 billion investment in building infrastructure, energy projects, Gwadar port and developing special economic zones under CPEC. He said that Pakistan was emerging as a great attraction for foreign investors owing to these developments and improved law and order situation in the country.

Masood Khalid invited the Hong Kong business companies to join Belt and Road project as they are known for providing state of the art financial and management services. He said that Pakistan offers great opportunities in insurance, port management, health management and real estate.

The Commissioner for Belt and Road Ms. Yvonne Choi said that Hong Kong’s government is actively engaging itself with the Belt and Road countries and Pakistan is seen as an emerging global economy. She said that the PHKTIF would help local businessmen understand the business environment and working conditions in Pakistan, which would eventually promote trade links between Pakistan and Hong Kong.

Speaking to the Forum, Consul General Abdul Qadir Memon said that first PHKTIF was held keeping in view the increased interest of the Hong Kong based companies in the Belt and Road projects. Such activities would continue in coming days as well, he said.

Commercial Counsellor Beijing Dr. Erfa Iqbal and CEO ANZ group Mr. Farhan Faruqui also spoke to the participants of the Forum about CPEC and regulatory environment in Pakistan.

The PHKTIF was jointly organized by Pakistan Consulate Hong Kong, Pakistan Chamber of Commerce Hong Kong (PCCHK) and the National Bank of Pakistan Hong Kong while the supporting organizations included the Belt and Road Office of the Government of Hong Kong SAR, Invest HK and Hong Kong Trade and Development Council (HKTDC).