Collaboration with Chinese companies in Hi tech Logistics sector is need of hour for overall development and economic growth of Pakistan: Shah Faisal Afridi
Lahore, March 31, 2016 (PPI-OT): Collaboration with Chinese companies in Hi tech Logistics sector is need of the hour for overall development and economic growth of Pakistan, particularly in the context of China-Pakistan Economic Corridor. It was stated by Shah Faisal Afridi, President Pak-China Joint Chamber of Commerce and Industry while addressing a high profile Chinese Delegation headed by Mr. Ma Zhetian, Chairman, Shandong, Metallurgical Engineering Technology Co., Ltd.
Indicating towards urgent need to develop the logistics sector of Pakistan Faisal Afridi, invited Chinese delegation to review joint venture in the logistics sector. He informed that the transport sector inefficiencies were costing economy between 4 to 5% of GDP (Rs. 500 billion) each year signifying the need for massive investment in Road, Rail, Air and Sea Ports. He also mentioned the poor ranking in infrastructure under Logistics Performance Index i.e 120, even lower than our overall ranking.
He further informed that Pakistan loses an estimated 40% of its production of fruits, vegetables and dairy products due to the lack of an adequate cold supply chain, Pakistan gets, on average, only 41% of the international price on its food exports owing to weak cold chains in the country, also the limited capacity of ports with regard to space becomes a huge challenge due to the unstable political situations, added Afridi.
Faisal Afridi observed that Chinese collaboration in the logistics sector would be helpful to overcome the difficulties to be faced in the foreign trade. He informed the Chinese delegation that government of Pakistan had included exclusive development Plans in its Vision-2025 for Logistics sector, which could better be implemented with Chinese support.
Leader of the Chinese Delegation, Mr. Ma Zhetian, during his address, expressed gratitude to Mr. Faisal Afridi and other relevant dignitaries for providing the clear picture with actual facts and figures regarding the Logistics sector. He acknowledged that Pakistan had immense potential in logistic sector which had an ample room for modern technology of China to supplement. He said that China’s focus is to speed up that development period and to take developing Asian countries along towards regional prosperity goal.
Later, the Delegation visited PCJCCI to seek assistance for establishing heavy equipment manufacturing concerns, to develop logistics inward/outward linkages, construction of mega project and steel related business. The other members of the delegates were Mr. Li Yong, Managing Partner, Tianjin First Hoisting Engineering Co. Ltd., Mr. Zhang Tiecheng, GM, Harbin Wuyinglong Engineering Limited Liability Company, and Mr. Jiang Zhaoyong, GM, Shandong Liangshan Yuantian Machinery Co. Ltd PCJCCI also arranged security, protocol, B2B meetings with CEO, Trafco Group Mr. Malik Tahir,Managing Director, The TAQ organization, Mr. Ali Tariq, Ms. Sukie from MCC Ruba, Mr. IftikharAwan, Business Development Manager, SKB engineer and construction company etc.
Moreover, PCJCCI facilitated delegates’ visit to Custom Syndicate—a leading company in logistics services and Punjab Board of Investment and Trade where they discussed the prospects of investing in the manufacturing sector of heavy equipment and steel.
Malik Tahir, CEO Trafco Group, during his meeting with the delegation, told that current government of Pakistan was highly emphasizing on Public Private Partnership Programs in Logistic sector, for which the Chinese investors would be exclusively welcomed. He offered to join hands with Chinese counterparts to exploit the investment opportunities in this sector.
For more information, contact:
Wardah Ali Gohar
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