Dawood for attracting Chinese industry

Pakistan lost the chance ten years back when China was transferring its industry, says Abdul Razzak Dawood

ISLAMABAD: Yet again a golden opportunity is at hand for Pakistan to attract and help relocate various Chinese industries in the country in the wake of China’s decision to shift its industry outside the country, said Adviser to Prime Minister on Commerce, Textile, Industry and Investment Abdul Razak Dawood.

While briefing the media on China-Pakistan Free Trade Agreement (CPFTA) on Tuesday, he added that China wanted to establish its industry outside the country which provided Pakistan an opportunity to exploit this wave for shifting a bulk of Chinese industry to Pakistan.

He was of the view that Pakistan lost the chance ten years back when China was transferring its industry and shifted a bulk to Association of South East Asian Nations (ASEAN) countries especially Vietnam and Malaysia. He said this was the second time when China was transferring its industry to other countries and Pakistan could take advantage of this move.

“We missed the first wave 10 years ago and should take advantage of the current opportunity,” the adviser stressed. In this way, he said Pakistan would be able not only to increase its exports but also bring Chinese investments in the country.  

Published in The Express Tribune, May 8^th, 2019.

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