Chinese investment in Pak workforce sought

Envoy highlights favourable trade conditions

BEIJING:

Commercial Counsellor of the Embassy of Pakistan in China, Ghulam Qadir, extended a warm invitation to Chinese entrepreneurs to consider investing in Pakistan. Speaking at the China International Economics and Technology Administration Forum (CIETAF) during the China International Fair for Trade in Services (CIFTIS), Qadir emphasised the potential benefits of tapping into Pakistan’s young and skilled workforce.

The theme of the forum, which centres on empowering entrepreneurs, especially small businesses and marginalised communities, offers a unique opportunity for Chinese businesses to compete and thrive in both local and global markets, Qadir noted.

Highlighting the favourable trade conditions between the two nations, Qadir mentioned that 91% of Pakistani products are imported into China with zero customs duty. He expressed the intention to further boost exports to China by providing special incentives to Chinese investors.

Read China-Pakistan project to boost trade, investment

“Pakistan is the 5th most populous country in the world and enjoys a significant demographic advantage, with over 65% of the population aged between 18 and 35. Our youth is tech-savvy and actively engaged in digital initiatives,” he added.

Qadir also pointed out that Pakistan offers a substantial e-commerce market with a strong focus on export-oriented industries. In a recent development, over 200 Chinese businessmen visited Karachi for the 1st Food and Agri Expo, demonstrating interest in e-commerce ventures.

THIS ARTICLE ORIGINALLY APPEARED ON THE CHINA ECONOMIC NET

Published in The Express Tribune, September 7^th, 2023.

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