Lahore, October 11, 2022 (PPI-OT):Mr. S.M Naveed, Chairman Special Economic Zones, Pakistan visited Pakistan China Joint Chamber of Commerce and Industry yesterday. Mr. Moazzam Ghurki, President PCJCCI congratulated him on such great success. He said that SEZs are expanded over four provinces and special areas under the China-Pakistan Economic Corridor (CPEC) to boost industrial production.
SEZs are believed to be critical for the particular sector as they have played a key role in the industrial development in many Asian economies. He further added that we should focus on Cluster-based industrialization as it is the key factor in the progress of China. About 40 years ago China initiated to make segments and clusters to setup industries, by using reverse engineering new production norms were introduced to the markets which are; Mass production and Cost effectiveness.
Mr. S.M Naveed, Chairman, Special economic Zones shared his views by saying that my entire focus is to provide maximum support to all the projects. Pakistan agreed to provide gas, water, electricity and other facilities to factories in industrial parks. Pakistan is also providing Chinese enterprises with suitable policy packages to attract potential investors. Both countries are emboldened to support and work for each other.
Mr. Fang Yulong, Senior Vice President exchanged his views in his online address that there is a dire need to take notice of the resources and provide maximum support to the zone developers in order to succeed and achieve our targeted goal. In this case, Pakistan could look at China’s experience which has drawn the arbitration rules from the West and currently experimenting them at the Shanghai Free Trade Zone.
Mr. Hamza Khalid, Vice President PCJCCI said that, the SEZs will flourish more actively under the leadership of Mr. S.M Naveed and definitely open up new vistas of opportunities for business community as well. He also added that Pakistan needs to offer strong arbitration rules in case of contract disputes. Mr. Salahuddin Hanif, Secretary General PCJCCI extended warm wishes to the new Chairman of SEZs and said that Pakistan needs to create supporting business climate for foreign and domestic firms to invest at the specified zone.
For more information, contact:
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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