Barter trade model will inject new energy to Pak-China trade Qamar.

ISLAMABAD -- Federal Minister for Commerce Syed Naveed Qamar on Thursday appreciated the barter trade model and said that the same could be used to enhance exports. He said that framework on barter trade model has been approved by the federal cabinet. The minister said this during a meeting with a Chinese business delegation led by Hou Jianxin, Chairman Shandong Xinxu Group Corporation China, held here in the Minister's Office.

Syed Naveed Qamar said that China is playing a significant role in the economic development of our country however the barter trade model will inject new energy to the bilateral trade. He also assured full support of Pakistani government to the Chinese companies to enhance export volume of the country. Hou Jianxin said the Shandong government would shift Chinese industry to the Pakistan. He came up with the vision to build industrial park in Pakistan. The industrial park will serve as a focal point for all the industrial requirements of Pakistan from China and vice versa, he continued.

The chairman said, the projects like solar panels assembly plant, metal refining plants, fertilizer production plant, food processing plants (dry milk production, seafood processing, meat processing) etc. are being considered for future investment. He said Pakistan and China enjoy strong relations and expressed the hope that the trade and economic ties between the two countries would be further cemented with the passage of time.

Syed Naveed Qamar appreciated the decision of the Shandong government to shift its industry to the Pakistan, which would not only save foreign reserves of the country but also create job opportunities in the country. However...