Seminar highlights Pakistan business opportunities
- By Zhang Rui
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E-mail China.org.cn, July 29, 2015
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Ambassador Masood Khalid addressing a two-day seminar on business and investment opportunities in Pakistan that concluded in Beijing on July 28, 2015. [China.org.cn] |
Pakistan has great natural and human resource potential offering many opportunities for Chinese companies to explore, a Pakistan diplomat has told a business seminar.
The two-day seminar highlighting business and investment opportunities in Pakistan against the backdrop of the China-Pakistan Economic Corridor (CPEC) initiative, was held in Beijing on Monday and Tuesday.
Ambassador Masood Khalid said his embassy always gave high priority to facilitating Chinese businesses in Pakistan through investment and joint ventures, in line with the concept of "a community of shared destiny" involving the two countries.
Pakistan was endowed with enormous natural and human resource potential. The government of Pakistan offered a liberal investment regime for investors and a secure climate for their operations.
The sectors of agriculture, textiles, minerals, gemstones, leather ware, surgical goods, food processing among many others had vast potential for mutual collaboration. There were already over 13,000 Chinese working in Pakistan in more than 120 projects. More Chinese companies were going to Pakistan and concluding successful deals, the envoy added.
The ambassador further highlighted the China-Pakistan Economic Corridor as a vital bridge connecting the "Belt and Road" initiatives envisioned by President Xi Jinping and a revival of China's ancient Silk Road in the 21st Century. By linking China with Arabian Sea and the Persian Gulf, CPEC will optimize the trade potential and enhance the energy security of China, Pakistan and the wider region directly benefiting three billion people.
"CPEC is thus a catalyst for regional integration and a recipe for alleviating poverty and under-development. It will add greater vitality and a stronger economic content to our all-weather strategic partnership," he said.
Muhammad Salim, the embassy's economic counselor, also introduced CPEC opportunities, including Gwadar Port regional development, energy, infrastructure, and industrial cooperation.
He also noted the opportunities offered by special economic zones along CPEC, such as those at Gwadar and Ruha, with various benefits and incentives including tax-free, custom-free policies and land or building rent discounta.
Salim also pointed out Pakistan young people aged between 20 and 39 provided 27 percent of the nation's population and could provide good and cheap labor.
Huang Jun, secretary general of China Top 500 Foreign Trade Enterprises Club as well as Madam Wang Dan, vice general manager of the Silk Road Fund also spoke at the seminar. Several business meetings were arranged between the Chinese and Pakistani participants at the end of the event.
The seminar was co-organized by the Embassy of Pakistan and China Top 500 Enterprises Club.
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