30 September 2004	Thursday	14 Shaban 1425

KARACHI, Sept 29: Chinese Commercial Counselor, Zhao Qingmao has said that expertise in hydro-power stations is being explored by Chinese companies for setting up four power units in Karachi and other major cities of Pakistan.

For Karachi, a modern project of mono-track railway was on the anvil for which a Chinese delegation would soon arrive to study the feasibility and financial implications, he said while exchanging views on bilateral issues with M. Nisar Shekhani, the chairman and other office bearers in SITE Association office on Tuesday.

He said that the Chinese government was encouraging the private sector to make investments in countries of the region including Pakistan. New Chinese companies, which are arriving in Karachi, will introduce quality products in the market and hope that they would prove to be model organizations after the experience gained in Pakistan, he said.

"I have come here to study the facilities for joint ventures and work out details for setting up factories which will not only improve export but introduce modern trends in the industrial sector," he added.

According to SITE's press release, Zhao Qingmao assured industrialists that he would conduct a study as how raw materials imported from China cost more than imported finished goods.

Some businessmen pointed out to the Chinese diplomat that raw materials, coming from China, cost more as compared to imported finished goods rendering local industry un-competitive in local as well as in international markets.

They expressed surprise on Chinese minister statement in which he quoted Pakistan imports at $3.5 billion whereas official figures in Pakistan show it at $500 million.

It was felt at the meeting that under, over and double invoicing is the main cause of the problem. The industrialists informed the Commercial Consul that importers are making two invoices one for bank and the other for customs. Both the invoices have huge difference both in price and quality of goods.

Qingmao advised the industrialists to send the complaint in writing with details so that the matter could be resolved. "I am unaware of these problems," he said. He said he is here to introduce few Chinese companies, which are considering investing in Pakistan's industrial sector and undertake projects to improve infrastructure of industrial areas.

Like China, which is striving to become super economic power, Pakistan will also have a strong economical base to march forward, he hoped. "If China can develop fast I think Pakistan also has the potential to push forward in a positive way.

If we help each other I am sure people can benefit from our joint efforts as brotherly relations between the two countries have existed for many years," he said. The Chinese Counsellor expressed concerns over security measures in Gwadar in the backdrop of a new contract to build a road in the port area.

While recalling the death of three engineers in a bomb blast a few months back, he was of the view that armed guards must accompany the Chinese engineers when this task is undertaken.

Some association's members raised questions about visa problems to China. Zhao replied clearly that the association has never requested the Economic and Commercial Office of Chinese Consulate General to process visa applications.