LOCA, PHKTIF ink MoU to develop business in Pakistan

In a significant move to strengthen economic ties and foster international business collaboration, the Lahore Overseas Chinese Association (LOCA) and the Pakistan-Hong Kong Trade and Investment Forum (PHKTIF) have signed a Memorandum of Understanding (MoU). This strategic partnership aims to explore local markets in Pakistan, Hong Kong SAR, and Macao SAR, providing crucial assistance in developing businesses and increasing investments in Pakistan.

The signing of the MoU is anticipated to pave the way for a series of joint initiatives, including business matchmaking events, trade missions, and workshops designed to enhance the capacity of Pakistani businesses for international trade. This collaboration aligns with the broader goal of creating more business opportunities for LOCA and PHKTIF members while contributing to the economic prosperity of Pakistan.

The Chinese community in Pakistan has long been a driving force behind economic development and cultural exchanges. This partnership with PHKTIF represents a significant step forward, reinforcing existing ties and creating new avenues for business growth. Both organizations are committed to leveraging their combined expertise and networks to facilitate meaningful connections and collaborations.

The MoU was formally signed by Ms. He Yubing, Vice President of LOCA, and Mr. Ali Awan, Trade Development Officer at the Consulate General of Pakistan in Hong Kong SAR, representing PHKTIF. The ceremony took place in the presence of Mr. Shahzad Ahmed Khan Rajput, Consul General of Pakistan in Hong Kong SAR.

Industry experts have applauded this collaboration, highlighting its potential to create a win-win situation for both Pakistan and Hong Kong. The partnership is expected to boost bilateral trade and investment, create job opportunities, and drive economic growth in both regions.

As LOCA and PHKTIF embark on this joint venture, the international business community is watching with anticipation, recognizing the positive impact it can have on strengthening economic bonds between Pakistan and Hong Kong. The collaboration sets the stage for increased business engagement and cross-cultural exchanges, further solidifying the enduring friendship between the two regions.