Karachi, December 14, 2016 (PPI-OT):CPEC a part of China One Belt One Road global initiative has provided a golden opportunity for Pakistan to take off as a regional economic power. Pakistan has been unable to grow as fast as its neighbours in South Asia, on account of poor infrastructure which is straining under demands of a large population growing at higher than world’s average. Chinese lending via CPEC for infrastructure and energy projects will bridge infrastructure development gaps in Pakistan.
The Industrial Phase of CPEC in Pakistan is now beginning and Govt. of Sindh is actively working on the development of industrial parks and Special Economic Zones in the province. Research and Development International, Chinese Academy of Social Sciences (CASS-RDI) has worked extensively on the development of the ‘One Belt and One Road’ Initiative and Govt. of Sindh is supporting its efforts in bringing Chinese businesses to engage with Pakistani businesses to set up industries in the province.
The objective of this event was to provide a platform to Chinese and Pakistani businesses to discuss and explore potential partnership and investment opportunities in Sindh. The visiting Chinese delegation represented fifteen business sectors, including real estate, technology, engineering and Chinese medicine amongst others.
Speakers at the event were, Senator Saleem Mandviwala, Naheed Memon, Chairperson SBI, Government of Sindh, Dr. Baige Zhao, Chair of the Advisory Committee of CASS-RDI while Co-Chair, Pakistan China Institute delivered the concluding address. To further strengthen relations between the two countries, a Memorandum of Understating to establish Pak- China Real Estate Association (PCREA) was also signed.
For more information, contact:
Information and Archives Department
Directorate of Press Information
Government of Sindh
95-Sindh Secretariat 4-B, Karachi
Tel: +92-21-99204423, +92-21-99204401
Website: http://sindhinformation.gos.pk