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China Styled Special Economic Zones can bring industrial revolution in Pakistan: Shah Faisal Afridi

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Lahore, September 18, 2015 (PPI-OT): “China Styled Special Economic Zones (SEZ) can bring industrial revolution in Pakistan” it was stated by Shah Faisal Afridi, President Pak-China Joint Chamber of Commerce and Industry (PCJCCI) while exchanging his views with a business and Trade delegation from Qingdao Commerce Bureau, China today at PCJCCI office.

The delegation headed by Ms. Zhang Li, deputy Director General of the Bureau, was comprising senior members of the Qingdao Commerce Bureau including Sun Guoliang vice general manager, Qingdao Huatong State-owned Capital Operation (Group) Co.,LTD, WANG DA, PRESIDENT Qingdao Laoshan Mineral Water Co., Ltd, Yuan Dezhao, Division Director, Qingdao City Construction Investment(Group)Co., Ltd and more.

Afridi acknowledged that Haier Ruba Special Economic Zones had struggled through various challenging situations related to power, energy, law and order but still it was one and the only Special economic Zone of its type in the country giving fruitful returns to the national economy.

Faisal Afridi said that measures should be taken for creation of Special Economic Zones (SEZ) on Chinese style. For attracting foreign direct investment (FDI), Pakistan must improve its internal security situation and promote cultural flexibility for assimilation of foreign investors, he added. He informed that According to World Bank’s latest report on SEZs “by some estimates, there are approximately 3,000 zones in 135 countries today, accounting for over 68 million direct jobs and over $500 billion of direct trade-related value added within zones.”

He said that Pakistan is in dire need of maximum Special Economic Zones to combat economic challenges being faced by the country since decades. These Special Economic Zones will strengthen the industrial base, will put economy back on the rails besides protecting the national economy from global financial recessions and enable the government to utilize its resources at the targeted industrial areas.

Faisal Afridi appreciated that the Primary objective of the visiting Chinese delegation was to invest in special economic zones and Industrial estates in Pakistan. He said that The Delegation had come with concrete proposals with reference to special Economic zones.

Ms Zhang Li, head of delegation during her address said that Haier was the First joint venture project of China and the expansion and development of Haier Ruba SEZ phase II is in the top priority list of Chinese government. She mentioned that special economic zones (SEZ) played an instrumental role in the integration of China to the global economy and in its economic development. She informed that in China SEZ’s contribute to 20 percent of the total FDI.

The Delegation during its stay visited Haier Ruba SEZ where it was briefed about the progress and functioning of the Haier Ruba SEZ. The delegation was pleased to learn that currently Haier-Ruba SEZ was covering wide variety of industrial sectors including electric appliances, power and energy, textile, furniture sector, software and technology, food processing etc.

The Delegation was further facilitated by PCJCCI in arranging meetings with Punjab Industrial Estates Development and Management Company (PIEDMC). The Delegation visited Quaid e Azam Apparel Park that is working under the auspices of PIEDMC. During the Visit CEO PIEDMC Colonel Gill gave a detailed Presentation on the progress and scope of apparel parks and Industrial zones.

For more information, contact:
Wardah Ali Gohar
Media Manager
Pakistan China Joint Chamber of Commerce and Industry (PCJCCI)
Mega Tower, 309 – 6th Floor,
Main Boulevard, Gulberg II,
Lahore, Punjab – Pakistan
Tel: +92-42-35777460-02, +92-42-37032203, +92-42-35874353
Fax: +92-42-35777524
Cell: +92-324-4925611
Email: info@pcjcci.org
Website: www.pcjcci.org

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