Chinese cell phones use on rise in twin cities

ISLAMABAD—Most residents of the twin cities using chinese cell phones available in local markets on very low prices and having good quality. These mobiles with better quality and low price attracting the people and the trend of using these type of mobiles is increasing rapidly.
Irfan Khan with a Chinese N70 cell phone said that, one has to pay 16 thousand rupees for buying an original Nokia N70 cell, while he paid just four thousand rupees for getting his mobile with same brand and shape. Another user of Chinese N95 mobile told that he got his cell while paying five thousand rupees and its original price with Nokia monogram is 25 thousand rupees. He added that no one can recognize, that it is original or other thing with same shape.
Same were the views of Chinese 6300 mobile holder who got his cell paying three thousand rupees, which is almost half of Nokia 6300 set’s price. A dealer of mobile sets at Abpara market told APP that although quality wise these sets are not so much reliable, having no warranty and it’s parts can not be changed easily in case of any fault but despite that, demand for Chinese cells with prominent companies monograms is increasing day by day.
Meanwhile, China will increase its investment in Pakistan from $1 billion to $15 billion by 2012, while trade volume between the two countries by then will also triple from current $5.2 billion to $15 billion. Chinese Ambassador Luo Zhao Hui stated this while speaking at a function on Pakistan-China trade in Lahore, private News channel reported.
He, however, stressed the need for balancing the bilateral trade which was highly tilted in favour of China. He said, Pakistan’s exports to China stood at $1.4 billion against Chinese exports of $3.8 billion to Pakistan. He said, the benefits of Free Trade Agreement between the two countries would be visible in the next five years. However, he advised Pakistani entrepreneurs to explore the Chinese market actively in a bid to bring a balance in trade between the two sides.
The Pak-China Investment Company established with an initial capital of Rs12 billion was different from other similar companies as the emphasis of the company would be laid on engaging the private sector in joint ventures between the two countries.
Finance Minister Dr Salman Shah, speaking on the occasion, said that the Chinese Development Bank had a larger investment portfolio than the World Bank and stated Pakistan should focus on obtaining assistance from that bank to accelerate its growth.—APP