Karachi (July 20, 2026): President of the United Business Group (UBG), Zubair Tufail, congratulated the Chinese leadership and people on the 105th anniversary of the founding of the Communist Party of China. He said that the 75-year diplomatic relationship and enduring friendship between Pakistan and China have evolved into a strong economic partnership. China is Pakistan’s largest trading partner and investor, while the China-Pakistan Economic Corridor (CPEC) has become a historic milestone in bilateral relations, playing a significant role in Pakistan’s economy, infrastructure, and energy sector.
According to UBG Central Spokesperson Gulzar Feroz, President of the United Business Group Mr. Zubair Tufail stated that bilateral trade between Pakistan and China has reached approximately US$24 billion, with China being Pakistan’s largest source of imports. Pakistan’s exports to China stand at around US$3.5 billion, while imports from China have exceeded US$20 billion. He emphasized that if Pakistani exporters are provided with access to modern technology, value addition, and improved market access, exports to China could be doubled within the next few years.
He further noted that under CPEC, more than US$25 billion in direct investment has been made so far, contributing to the development of energy projects, highways, ports, Special Economic Zones (SEZs), and various industrial initiatives. CPEC projects have created employment opportunities for more than 75,000 Pakistanis, while adding over 8,000 megawatts of electricity to the national grid, helping to ease Pakistan’s energy crisis.
The UBG President said the time has come to accelerate the second phase of CPEC by focusing on Special Economic Zones, industrial cooperation, agricultural technology, information technology, mining, e-commerce, and green energy projects. He added that Gwadar Port has the potential to become a major regional trade hub, enabling Pakistan to benefit not only from transit trade but also from logistics, shipping, and exports.
Zubair Tufail highlighted that Pakistan offers significant investment opportunities for Chinese investors, particularly in the textile, engineering, auto parts, electronics, renewable energy, agricultural machinery, and food processing sectors, making them ideal for joint ventures. He stressed that stronger private-sector engagement, business-to-business cooperation, joint ventures, and technology transfer between the two countries could substantially increase Pakistan’s exports.
The UBG President expressed confidence that the time-tested friendship between Pakistan and China will continue to grow stronger in the years ahead, with both countries achieving new milestones in trade, investment, industry, infrastructure, agriculture, the digital economy, and regional connectivity. He urged the Government of Pakistan to introduce more investor-friendly policies and facilitate Chinese investors so that Pakistan can emerge as a strong regional hub for industrial and commercial activities.
Zubair Tufail also appreciated the contributions of Feng Deheng, Acting Consul General of the People’s Republic of China in Karachi, for promoting trade, economic cooperation, and people-to-people relations between Pakistan and China. He said Feng Deheng has played an important role in strengthening ties between Karachi’s business community, the industrial sector, and Chinese enterprises. His efforts have helped expand investment, trade cooperation, and business-to-business relations, further reinforcing the Pakistan-China strategic partnership.
He expressed confidence that under the leadership of Acting Consul General Feng Deheng, the Chinese Consulate in Karachi will continue to play an effective role in promoting bilateral trade, investment, industrial cooperation, and cultural exchanges, further strengthening the 75-year friendship between Pakistan and China and taking their economic partnership to even greater heights.
Pakistan-China Friendly Trade and Investment Relations Reaching New Heights, Zubair Tufail
