RAWALPINDI: Central Asia is a big market and Pakistan should explore new trade avenues in this region, said Rawalpindi Chamber of Commerce and Industry (RCCI) President Malik Shahid Saleem.
In a statement, he said “it is the need of the hour to explore new trade avenues and business opportunities between Pakistan and Central Asia.” CPEC offers great regional connectivity and integration in South Asian, Central Asia and beyond, the RCCI president said, adding that Special Economic Zones (SEZs) can serve as a strong base for industrial development of the country.
However, he stressed that the SEZs must be based on export-oriented business/trade development. “We are facing a big challenge to competitiveness with neighbouring countries. Lower tariff rates, regulatory duties and cheap electricity price can help manufacturers tackle the challenge and will also help Pakistan increase exports.”
Published in The Express Tribune, May 10th, 2019.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.