Senior Researcher on One Belt One Road project and Deputy Dean of International Studies, Sichuan University of China Professor Dr. Song Zhihui talked about the prospects of tourism in Pakistan and expressed the desire of China to boost cooperation and connectivity by promoting tourism sector. Moreover, the second phase of the CPEC, according to him will result in industrial growth and making Pakistan an export-oriented country.
ISLAMABAD – Senior Researcher on One Belt One Road project and Deputy Dean of International Studies, Sichuan University of China Professor Dr Song Zhihui has said that a tourism promotion conference for Pakistan would be organised to highlight its tourism potential. While addressing the business community at Islamabad Chamber of Commerce and Industry, he said China wanted to enhance its imports from Pakistan that would increase Pakistan’s exports. He said that 2nd phase of China-Pakistan Economic Corridor was very important for Pakistan as it would give boost to industrial cooperation.
Under 2nd phase of CPEC, China would develop many Special Economic Zones in Pakistan creating new opportunities for entrepreneurs of both countries to set up JVs and investment in areas of interest. Dr. Song Zhihui said that the first phase of CPEC focused on energy and infrastructure development in Pakistan while the 2nd phase would focus on industrial cooperation that would yield beneficial results for the economy of Pakistan. He said that many companies of China were interested to invest in Pakistan and set up factories here as Pakistan was a best place for them. Addressing the delegation, President, Islamabad Chamber of Commerce & Industry Ahmed Hassan Moughal, said that establishment of SEZs in Pakistan under CPEC would start a new phase of business opportunities in our country and stressed that Chinese companies should come to Pakistan with technology transfer for JVs and investment.
He said that due to rising population and emerging market, many sectors of Pakistan’s economy offered great potential for investment and Chinese companies should take benefit of these emerging opportunities. He said that by investing in Pakistan, Chinese companies would be able to meet the needs of local market and export surplus products to many countries including Middle East, Central Asia and other regions.
He assured that ICCI would extend all possible cooperation to Chinese companies for finding right partners in Pakistan. Senior Vice President ICCI Rafat Farid and others also spoke at the occasion and highlighted the potential areas of cooperation between the enterprises of both countries. Both sides discussed prospects for further strengthening business collaboration between the two countries for achieving win-win outcomes.