Growth of Pak-China Special Economic Zones

Haier-Ruba joint venture in Pakistan has announced plans to start manufacturing laptops and smartphones in Lahore this year, according to the JV chairman Shah Faisal Afridi. The Haier-Ruba group is one of the largest manufacturers of polyester yarn and home appliances in the country.



“We are not relying on importing mobile phones from China but our focus is the transfer of technology in the country so that we could manufacture our own product here. We have already started an assembly line for the laptops in Pakistan”,  Afridi said in an interview with More magazine.

Haier Pakistan is currently producing refrigerators, deep freezers, washing machines, home air conditioners, commercial air conditioners, television sets, microwave ovens and  other small appliances in a special economic zone (SEZ) on the outskirts of Lahore.

“Pakistan is one of eight countries around the world where the Chinese government plans to help its investors set up and operate SEZs, to use the country as a major base for manufacturing and exporting goods to the rest of the world. These zones have to be privately owned and operated,” said Afridi, who also heads the Haier-Ruba SEZ Company, according to Pakistan's Dawn newspaper.

Haier entered the Pakistan market in February 2001 by jointly establishing a facility with Pakistan-based Panapak Electronic Company to produce Haier air conditioners.  The Group opened Haier (Pakistan) Industrial Park in Lahore in April 2001. In 2004, Haier was the first foreign brand home appliance manufacturer in Pakistan to obtain the ISO9001:2000 Certification, according to Andrew Delios, the author of "International Business: An Asia Pacific Perspective".

After 13 years in Pakistan, Haier has become the second most popular home appliance brand in the country. Haier Pakistan has maintained the highest market share for air-conditioners and washing machines for several years while Haier  refrigerators curently enjoy the second highest market share. According to a Millward Brown survey in 2013, Haier has achieved 94% brand awareness, the second highest in the country.

Haier has 8 industrial complexes, two of which are foreign--one in the United States, and one in Pakistan,  according to  Xiaofei Li, the author of "China's Outward Foreign Investment: A Political Perspective". In these Special Economic Zones, Haier does localization to suit the needs of the consumers.  For Pakistani market, Haier especially designed a washer that can hold 15 long gowns at one time. There are many more such Special Economic Zones envisaged as part of the CPEC (China-Pakistan Economic Corridor).  It will be essentially an industrial corridor spanning almost the entire length of the country from the Arabia sea coast to the Karakorams where it enters China via the Karakoram Highway (KKH), the word's highest paved road.

Under the agreement signed by Chinese and Pakistani leaders at a Beijing summit recently, $15.5 billion worth of coalwind, solar and hydro energy projects will come online by 2017 and add 10,400 megawatts of energy to the national grid.  An additional 6,120 megawatts will be added to the national grid at a cost of $18.2 billion by 2021.

Pak-China Industrial Corridor Source: Wall Street Journal


The transport and communication infrastructure—roads, railways, cable, and oil and gas pipelines—will stretch 2,700 kilometers from Gwadar on the Arabian Sea to the Khunjerab Pass at the China-Pakistan border in the Karakorams.

Starting in 2015, the Chinese companies will invest an average of over $7 billion a year until 2021, a figure exceeding the previous record of $5.5 billion foreign direct investment in 2007 in Pakistan.

Beyond the initial phase, there are plans to establish special economic zones in the Corridor where Chinese companies will locate factories. Extensive manufacturing collaboration between the two neighbors will include a wide range of products from cheap toys and textiles to consumer electronics and supersonic fighter planes.

The basic idea of an industrial corridor is to develop a sound industrial base, served by competitive infrastructure as a prerequisite for attracting investments into export oriented industries and manufacturing. Such industries have helped a succession of countries like Indonesia, Japan, Hong Kong,  Malaysia, South Korea, Taiwan, China and now even Vietnam rise from low-cost manufacturing base to more advanced, high-end exports.  As a country's labour gets too expensive to be used to produce low-value products, some poorer country takes over and starts the climb to prosperity.

Once completed, the Pak-China industrial corridor with a sound industrial base and competitive infrastructure combined with low labor costs is expected to draw growing FDI from manufacturers in many other countries looking for a low-cost location to build products for exports to rich OECD nations.

The CPEC will not be just an economic or industrial corridor; it'll also be a strategic corridor for both China and Pakistan in countering the growing US-India alliance and Obama's Asia Pivot both of which are seen as a threat to the regional stability of South Asia.

Clearly, China-Pakistan ties have now become much more strategic than the US-Pakistan ties, particularly since 2011 because, as American Journalist Mark Mazzetti of New York Times put it, the  Obama administration's heavy handed policies "turned Pakistan against the United States". A similar view is offered by a former State Department official Vali Nasr in his book "The Dispensable Nation".


Here's a video about Haier laptop assembly in Pakistan:

https://youtu.be/K2H9BC1G3J8?list=PLZIgsmZfIYkq3VjROsXyBMkEmEuul2uLL




Related Links:

Haq's Musings 

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Pakistan Starts Manufacturing Tablets and Notebooks

China-Pakistan Industrial Corridor

US-Pakistan Ties and New Silk Route

Can Pakistan Say No to US Aid?

Obama's Pakistan Connections

Seeing Bin Laden's Death in Wider Perspective

China's Investment and Trade in South Asia

China Signs Power Plant Deals with Pakistan

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Comments

Riaz Haq said…
‘If ‘One Belt, One Road’ is like a symphony involving and benefiting every country, then construction of the China-Pakistan Economic Corridor is the sweet melody of the symphony’s first movement.’
—Wang Yi, China’s foreign minister


Chinese President Xi Jinping is set to unveil a $46 billion infrastructure spending plan in Pakistan that is a centerpiece of Beijing’s ambitions to open new trade and transport routes across Asia and challenge the U.S. as the dominant regional power.

The plan, known as the China Pakistan Economic Corridor, draws on a newly expansive Chinese foreign policy and pressing economic and security concerns at home for Mr. Xi, who is expected to arrive in Pakistan on Monday. Many details had yet to be announced publicly.

“This is going to be a game-changer for Pakistan,” said Ahsan Iqbal, Pakistan’s planning minister, who said his country could link China with markets in Central Asia and South Asia.

“If we become the bridge between these three engines of growth, we will be able to carve out a large economic bloc of about 3 billion living in this part of the world…nearly half the planet.”

Beijing’s primary concern is that instability in neighboring Pakistan and Afghanistan is spilling into China’s predominantly Muslim northwest, and could grow worse with the withdrawal of U.S. troops from the region.

China sees a historic opportunity to redraw the geopolitical map by succeeding where the U.S. has largely failed, building critical infrastructure that could kick-start economic growth and open new trade routes between China and Central and South Asia. A cornerstone of the project will be to develop the Pakistani port of Gwadar, a warm-water port run by the Chinese on the doorstep of the Middle East.

If realized, the plan would be China’s biggest splurge on economic development in another country to date. It aims over 15 years to create a 2,000-mile economic corridor between Gwadar and northwest China, with roads, rail links and pipelines crossing Pakistan.

The network ultimately will link to other countries as well, potentially creating a regional trading boom, Pakistani and Chinese officials say.

The Pakistan program has been described by Chinese officials as the “flagship project” of a broader policy, “One Belt, One Road,” which seeks to physically connect China to its markets in Asia, Europe and beyond.

“If ‘One Belt, One Road’ is like a symphony involving and benefiting every country, then construction of the China Pakistan Economic Corridor is the sweet melody of the symphony’s first movement,” Wang Yi, China’s foreign minister said during a visit to Pakistan in February.

Andrew Small, author of “The China-Pakistan Axis: Asia’s New Geopolitics,” said China was reacting to the perceived failure of Western aid to make a significant difference to Pakistan. “The Chinese response is that you haven’t done it on a large enough scale,” Mr. Small said. “They’re saying that it is only by doing it on this kind of big-bang scale that you’re going to have the transformative economic effect that Pakistan needs.”

Gwadar, operated by a state-run Chinese firm, is set to begin commercial operations this year, and one of the deals to be signed by the Chinese president while in Pakistan is a final agreement on building a new international airport there, Pakistani officials said.

Mr. Small said propping up Pakistan economically furthers China’s regional competition with India. China sees Pakistan as a strategic counterweight to India. Conversely, the U.S. is backing India, which President Barack Obama visited in January, as a counterweight to China, despite Washington’s long relationship with Islamabad....


http://www.wsj.com/articles/china-to-unveil-billions-of-dollars-in-pakistan-investment-1429214705
Riaz Haq said…
The regional security in South Asia and the adjacent regions to the west and north are on the cusp of a profound transformation. Broadly, there are three vectors involved here.

One, Iran’s integration with the international community as a ‘normal country’, a process that has already begun; two, the historic entente between Russia and China which has consolidated almost immeasurably in the past one year period since the New Cold War tendencies began appearing; and, three, a largely-unnoticed but extremely significant shift in the foreign-policy priorities of Pakistan, a genuinely ‘pivotal’ state in the politics of South Asia, given its highly strategic geographic location in the South Asian region, from where it impacts regional security in Central Asia and West Asia.

The state visit by the Chinese President Xi Jinping to Pakistan on Monday in many ways brings together the three vectors. The visit is, on the face of it, a bilateral event of historic significance to the long-standing ties between the two relationship, which from all accounts can be expected to add much strategic content to the relationship and elevate it to an altogether qualitatively new level.

However, China is also playing the long game insofar as Beijing is actually beginning the implementation of its “One Belt, One Road” initiative, which is a global project in character and scope and all but prefaces China’s inexorable rise on the world stage as a superpower.

It is extraordinary that China is committing such massive investment in excess 40 billion dollars in a single country, undeterred by the perception in the western financial circles that Pakistan is a “failing state” and a revolving door of international terrorism.

In the eighties or nineties, this would have lent itself to interpretation as “India-centric” and as a diabolical move by the Chinese policymakers to strengthen Pakistan’s capacity to challenge India, a common foe. But that is no more the case today. The impulses driving the Chinese policies toward Pakistan today are to be found elsewhere.

First and foremost, Pakistan’s stability has come to be a matter of serious concern from the perspective of China’s internal security needs, which is attributable not only to the spurt in terrorist activities in Xinjiang by groups that are to be traced to the Af-Pak region, but also out of China’s emergent concerns as a stakeholder in regional stability that is an imperative need to advance its regional and global policies (politico-military, economic and cultural) more optimally.

The dramatic shift in the Chinese thinking apropos of the issues of terrorism in South Asia and Beijing’s unmistakable empathy with India’s concerns as a victim of terrorism testify to this. A leading Indian daily brought this home today reporting from Beijing an extraordinary statement attributed to the head of the Chinese foreign ministry think-tank Institute of South and Southeast Asian and Oceanic Studies, Hu Shisheng that China finds itself “awkward diplomatically” to have taken a “neutral stand” on the terrorist attack on Mumbai in November 2011.

Hu said, “India’s concerns over terrorism will be addressed in a more constructive way. China also suffered due to terrorism.” He said China has suffered from U.S. double standards on terrorism and should not behave in a similar fashion.

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Without doubt, Pakistan (along with Central Asia and Iran) becomes a gateway for China to the world market and it is crucial for Beijing that Washington’s ability to block this gateway is “zero”. Pakistan is actually the single most critical gateway for China in the emergent paradigm. Arguably, that alone could explain the extraordinary extent to which China is making the stabilization of Pakistan a real-time dimension to its own national policies of development.



http://atimes.com/2015/04/pakistan-china-iran-and-the-remaking-of-regional-security/
Riaz Haq said…
Forty Years After Fall of Saigon, Entrepreneurs Return to Vietnam

Henry Nguyen was a toddler when his family fled Vietnam just before the fall of Saigon 40 years ago.

Now he’s back, part of an influx of Vietnamese-born entrepreneurs returning to the country to reap the benefits of its shift to a more market-oriented economy.

Since his return in the early 2000s, Mr. Nguyen has become one of the best-known business figures in the Vietnam. He is head of Vietnam operations for Boston-based fund manager IDG Ventures, and he recently introduced the Big Mac to the country as McDonald’s Corp.MCD +0.20%’s first franchisee here.

In another sign of the changing times, Mr. Nguyen, the son of a civil engineer who worked with the old South Vietnamese government, is married to the daughter of Vietnam’s communist prime minister. The couple and their twin daughters live in Ho Chi Minh City, the name by which Saigon is now known.

“It’s something I never planned on or anticipated,” said Mr. Nguyen, a fresh-faced 41-year-old American with thick-rimmed glasses and spiky hair. “But looking forward, this is where my life is.”

The fact that Mr. Nguyen has gotten so far highlights how much Vietnam has changed since the South capitulated to Communist forces on April 30, 1975. It also points to the important role the country’s diaspora has played in expanding the scope and scale of what could be one of the world’s next great economic success stories.

As Vietnam’s Communist Party began to loosen its hold of the economy in the early 1990s after the collapse of the Soviet Union, Viet Kieu, or overseas Vietnamese helped lead the march of foreign investment into the country.

Seattle-raised entrepreneur David Thai helped blaze the trail when he moved to Hanoi in the 1990s. He became the first overseas Vietnamese to register a private company and open a chain of coffee shops under the name Highlands Coffee. Since then, officials say other expatriate Vietnamese have invested more than $20 billion here, mostly in and around Ho Chi Minh City, still in many ways the country’s economic engine.

Intel Corp. appointed U.S. national Than Trang Phuc to launch a $2 billion chip factory in Ho Chi Minh City in the early 2000s, while other Vietnamese returned from America, France and elsewhere to set up private businesses.

The potential payoff is significant. Frederic Neumann, co-head of Asian economic research at HSBC HSBA.LN -0.25% views Vietnam as the best example of a frontier economy benefiting from rising costs in China. Thanks to multibillion-dollar investments from companies such as Samsung Electronics Co.005930.SE +1.39% and Intel INTC -0.41%, exports of smartphones and other electronics now have eclipsed old standbys such as textiles and footwear, leaving the country comfortably higher up the value ladder than cheaper locales such as Cambodia or Bangladesh.

http://blogs.wsj.com/frontiers/2015/04/29/forty-years-after-fall-of-saigon-entrepreneurs-return-to-vietnam/
Riaz Haq said…
Is Pakistan the most exciting place to live in the 21st century? It’s almost as if someone has unleashed good news for the country on all fronts; economic, political and security. Over $40 billion in Chinese investment are on their way but more importantly a bet by the world’s next superpower to tie its regional ambitions to Pakistan’s prosperity. This is a game-changing Marshall plan of sorts that appears too good to be true. On security, the army, civilian leadership and civil society are steadily taking the battle to religious extremists instead of indulging in in-fighting and appearing like sitting ducks. On politics, a stunning election took place in Karachi last month, on the hottest of seats, but the result was respected by all parties as the polls were largely free and fair. Rewind a few months back when the country was about to unravel on rigging allegations. Who are you and what have you done to my country that it couldn’t get anything right?

As a wise man once said, abhi tau party shuru hui hai. Fuel and electricity prices have steadily declined in Pakistan over the last few months and we sit on the cusp of a consumer spending bonanza that will fuel the informal economy. Both consumers and producers will see their bottomlines improving behind lower fuel prices and subdued inflation. More importantly, this isn’t a cheap credit-driven bubble that will burst anytime soon (unless fuel prices rise abruptly). There is another geo-political prize in the making. Iran and America are flirting with the idea of becoming friends. If this happens, sanctions could be lifted and Pakistan could finally get cheap gas from Iran to overcome domestic shortages. A big, hungry market may also open up next door and we could potentially import cheaper oil too. If this isn’t enough, international cricket is returning to Pakistan, too. Who are you and what have you done to the country that was destined to become a failed state?

Before you dismiss me as someone in denial about the gravity of Pakistan’s real problems, let me clarify that the purpose of this article isn’t to argue that Pakistan doesn’t have serious problems. The purpose of this article is to argue that Pakistan is more than the sum of its problems. Several bright spots are beginning to emerge in the country but no one is connecting the dots. When it comes to declaring Pakistan a failed state, the mainstream media is quick to connect the dots and focus hysterically on doomsday scenarios that drive ratings. But no one wants to talk about a confluence of positive economic, geo-political, security and political factors that are setting up Pakistan for success by firmly nudging us in the right direction. How dare you, Pakistan? Who are you and what have you done to the country where hopelessness had defeated hope itself?

Pakistan may not be the richest country to live in the 21st century. It may not be the safest country to live in the 21st century. But it may just be the most interesting country to live in the 21st century. Consider this: the Pakistani people are frontline warriors in the greatest ideological battles of the 21st century, including the battle against religious extremism.



http://tribune.com.pk/story/882045/why-pakistans-future-looks-bright/
Riaz Haq said…
LAHORE: The Pakistani society is quickly adapting to technological change. Be it the spectrum auction that marked the arrival of 3G, 4G services or wireless appliances making their way into the mainstream, Pakistanis are slowly coming of age. Similarly, awareness among people of electronic appliances has also increased the demand of these products.

This trend has been taken into account by businesses as an opportunity to invest in the Pakistani market and derive high rewards.

Haier-Ruba group is a company that has shown an exponential growth rate since its inception in the country. The group deals in many businesses ranging from polyester yarn, electronic appliances, power generation, real estate and automobile business.

Recently, its primary achievement can be attributed to the successful development of the Haier-Ruba Economic Zone (HREZ) with the support of Chinese authorities.



The HREZ is located near Lahore and is spread at 300 acres, but it is looking to expand especially after the China-Pakistan Economic Corridor (CPEC) breakthrough.

Haier-Ruba President and CEO Faisal Shah Afridi said the company is looking to buy more land, increase investments and target a wider market .

“We need more land around the motorway and are willing to buy 3,000-5,000 acres of land at market price,” Afridi said.

The HREZ is a part of the CPEC and Afridi expressed hope that this will prove to be a gateway for other Chinese industrialists to venture into Pakistan.

Afridi said that Haier-Ruba also plans to establish regional zones in Pakistan.

“Currently, under HREZ, we are have undertaken 11 projects, the annual turnover of these is $800 million,” said Afridi. “We are planning to invest another $1.5 billion in the next five years for our future ventures.”

The background

Ruba Group’s partnership with Haier dates back to 2001 when a company was established through a joint venture.

After the initial success and rising demand of electronic appliances, Haier Pakistan was set up in 2006, to further diversify its product line with another investment of $0.5 million kicking in later. Currently, the company boasts of annual turnover of Rs46 billion.

http://tribune.com.pk/story/883770/joint-ventures-haier-ruba-plans-expansion-investment-of-1-5b/
Riaz Haq said…
For industrial cooperation, the two countries China and Pakistan) are planning industrial parks (along CPEC). According to local media, the Pakistani government has proposed 29 industrial parks and 21 mineral economic processing zones in all four provinces. A joint working group would decide and identify the industrial parks, said Pakistani Minister for Planning, Development and Reform Ahsan Iqbal, who hailed the CPEC as a "game changer" and a once-in-a- lifetime opportunity for Pakistan.

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Last month Pakistan's Chief of Army Staff Gen. Raheel Sharif inspected the under-construction road network as part of the CPEC. According to the army, 502 km out of the 870-km road network linking the Gwadar Port with the rest of the country have been completed by Frontier Works Origination (FWO). During the inspection, the army chief also vowed that the CPEC "will be built at all costs."

The Gwadar Port started its long-awaited operations on May 11 as the first private container vessel docked at the deep-sea port. Local fish was exported to the international market through containerized shipment. Speaking at the commencement ceremony, Pakistani Ports and Shipping Minister Kamran Michael said a new dimension was added to the history of the Gwadar Port.


For industrial cooperation, the two countries are planning industrial parks. According to local media, the Pakistani government has proposed 29 industrial parks and 21 mineral economic processing zones in all four provinces. A joint working group would decide and identify the industrial parks, said Pakistani Minister for Planning, Development and Reform Ahsan Iqbal, who hailed the CPEC as a "game changer" and a once-in-a- lifetime opportunity for Pakistan.

The Pakistani government has shown strong willingness to push forward the construction of the CPEC. During a high-level meeting held in Islamabad on July 27 to review the pace of work on CPEC projects, Prime Minister Sharif directed that projects under the CPEC be put on fast-track through mobilization of resources and completion of financial and technical formalities.

His endorsement for the projects is also shared by Pakistani President Mamnoon Hussain, who said in his message on the country' s 69th Independence Day on Aug. 14 that the CPEC "will lead to economic revival in Pakistan."

http://news.xinhuanet.com/english/2015-08/19/c_134534217.htm
Riaz Haq said…
From Washington Post:

The new Pakistan-China Economic Corridor will move from here in the mountains down the Karakorum Highway into central Pakistan. From there, even more highways will be built to provide access to Gwadar Port in Baluchistan.

The initial outlines of that corridor already are visible here in northern Pakistan, where the highway snakes past mountains, glaciers and rocky gorges. At times, motorists can see the donkey trails from the original Silk Route, which traders traveled for more than 600 years before the 15th century.

China is spending hundreds of millions of dollars to upgrade the highway, one of the world’s most dangerous thoroughfares. To make it safer, Chinese engineers are smashing through mountains to build dozens of miles of tunnels, some of which are inscribed with the phrase “Pak-China Friendship Tunnel.” They are adding bridges, guardrails and concrete overhangs to funnel landslides and avalanches away from travel lanes.

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To fully reach its economic potential, however, the country must overcome the continued threat of Islamist militancy as well as a severe electricity shortage that significantly increases the cost and difficulty of doing business here.

To address that problem, China is promising Pakistan 18 new energy projects, including nine coal-fired power plants, five wind farms, three hydroelectric dams and one solar park. When completed, the projects will add 16,600 megawatts to Pakistan’s national grid, more than offsetting the electricity shortage, even with a projected annual growth rate of 7 percent by 2018, said Iqbal, the minister for planning and development.

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Over the past 13 years, the United States has given Pakistan about $10.5 billion in economic assistance and $7.6 billion in security-related aid. The U.S. military also reimbursed Pakistan $13 billion in counterterrorism support related to the war in Afghanistan, according to the Congressional Research Service.

The United States “was just not interested in building dams, electrical power plants, railways, roads and bridges and ports” in Pakistan, Nasr said.

China, by comparison, views its relationship with allies through a prism that is “geopolitical, geo-strategic” but also “geoeconomic,” Ma said. “According to Chinese philosophy, if you want to achieve some goal, you have to take a comprehensive approach, political, economic, military and social.”

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A major terrorist attack or Pakistani political crisis, common in a country that has witnessed three successful military coups since its founding in 1947, could quickly cause the Chinese to reassess their relationship, he said.

“Much of the skepticism reflects the rather dismal American experience in Pakistan over the years,” Hathaway said. “You almost never get results commensurate with the effort or money you put into it.”


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Within 100 miles of the border, for example, cellphone coverage is sparse. But when motorists reach the top of Khunjerab Pass, 3G service from a Chinese cellular provider bleeds across the frontier.

That’s the sort of modern convenience that Ameer Ullah Baig, a 60-year-old yak farmer who sleeps outside with his herds in the summer, is looking forward to.

Before the original Karakorum Highway opened in the 1970s, Baig said, his family relied on ponies and mules to get around and had to make wool overcoats to stay warm. Now, however, he rides a motorcycle to round up his herd and sleeps in a sub-zero, synthetic sleeping bag that he thinks was made in China.

“The highway was a blessing in disguise,” he said. “And I expect the same thing from the economic corridor.”

https://www.washingtonpost.com/world/asia_pacific/from-the-mountains-to-the-sea-a-chinese-vision-a-pakistani-corridor/2015/10/23/4e1b6d30-2a42-11e5-a5ea-cf74396e59ec_story.html
Riaz Haq said…
#China to support #Pakistan to ensure security of new economic zone, says Chinese general. #CPEC http://www.scmp.com/news/china/diplomacy-defence/article/1878647/china-support-pakistan-ensure-security-new-economic?utm_source=&utm_medium=&utm_campaign=SCMPSocialNewsfeed … via @SCMP_News

Beijing will back Pakistan to ensure the security of a new economic corridor granting access to the port of Gwadar that aims to create direct links between China and the Arabian Sea, a top general has pledged.

Central Military Commission vice-chairman Fan Changlong told Pakistan's army head Raheel Sharif on Thursday that Beijing looked forward to close cooperation "to ensure proper management and security of CPEC", according to a Pakistani military statement.

The China-Pakistan Economic Corridor is an ambitious US$46 billion project giving Beijing greater access to the Middle East, Africa and Europe through Pakistan, via a highway to Gwadar port on the Arabian Sea.

Fan's visit, the first by a Chinese general of his seniority in more than a decade, came two days after Pakistan handed hundreds of hectares of land over to China for the development of a free-trade zone in Gwadar as part of the project.

The development is part of China's ambition to expand its trade and transport footprint across Central and South Asia while countering American and Indian influence. India has expressed wariness about the project in the past, though analysts recently said concerns would arise only if there were "defence-related matters".


Fan, who headed a high-level military delegation, on Thursday met Sharif at the Pakistani army headquarters in Rawalpindi to discuss "matters of mutual interest, regional security, steps for regional stability and enhanced bilateral defence collaboration", the statement said.

Fan said China "deeply appreciates" Pakistan's efforts to eliminate militancy, particularly by the East Turkestan Islamic Movement, which Beijing says is active in the Xinjiang region, which borders Pakistan.

Xinjiang - the homeland of China's 10 million Uygurs, a mostly Muslim ethnic minority - is sporadically hit by deadly violence. Beijing has claimed that militants from the movement are hiding in Pakistan, a claim that has been supported by local security sources.

"China values the efforts of Pakistan Army in fighting ETIM," Fan said, adding that China and Pakistan were "best iron brothers, good friends and strategic partners".

Fan also met Prime Minister Nawaz Sharif in Islamabad on Thursday, with Sharif lauding Islamabad's friendship with Beijing as a "cornerstone" of its foreign policy.

The government of Baluchistan province - Pakistan's poorest - handed over about 280 hectares of a 923-hectare swathe of tax-exempt land in Gwadar on Wednesday. Beijing will develop that land under a 43-year lease.

The rest of the land would be handed over under the agreement with the public China Overseas Port Holding Company "soon", senior Pakistani government officials said.
Riaz Haq said…
After encouraging response, #Haier #Mobile #Pakistan to grow aggressively with #smartphone manufacturing in Q1 2016 http://tribune.com.pk/story/1013408/cellphone-market-with-encouraging-response-haier-to-expand-more-aggressively/ …

It has been barely seven months since Haier Pakistan further diversified its portfolio and entered the saturated cellphone market, but the overwhelming response has forced the company to pursue its expansion plans more aggressively.

Haier is the first company that is establishing a mobile phone assembly plant near Lahore with an investment of $5 million. The plant, which is likely to be completed by the end of the first quarter of 2016, will have the capacity to assemble 1.5 million cellphones annually.

“It takes years for a mobile company to diversify in such a competitive market, but we did it quite brilliantly. The coming year will be exciting for us as by March we will be launching the mobile assembly plant in Pakistan as per our commitment to bringing in technology and making our products more competitive,” said Zeshan Qureshi, Chief Executive Officer of Haier Mobiles, in an interview with The Express Tribune.

For Qureshi, the company’s product range has expanded to 27 in a short span, as it was only seven at the beginning. By March 2016, the company is hopeful that it will be able to further diversify the product range to around 35.

“The quality of our products is being appreciated in the market; this is due to our strong research and development wing that helped in selling over 0.5 million units in about seven months,” he added.

The price range is also flexible. Mobile sets are available at as low as $15 and go up to $300. The company has introduced three mobile categories for low, medium and high-end customers.

“We are about to launch a high-end product, V-6, which will be available at $450, the highest so far for our company,” Qureshi said.

He was of the view that any mobile brand should have a portfolio of 25 products in order to penetrate 100% in the market.

“At present, we have 80% penetration in Pakistan’s mobile market via our network of 18,000 distributors. There might be few areas remaining but we hope to reach those soon.”
The company has also introduced theft and accidental insurance for all its products through its 29 customer care centres.

Journey in Pakistan

Haier is operating in Pakistan’s market for 15 years and has established itself as a reliable name in household products. According to the company, every household has at least one appliance of Haier.

“The new era is of internet of things and every electronic appliance manufactured these days has these features. In order to connect these appliances with internet, we need a mobile or a tablet. And we have introduced mobiles to connect with the world,” he said.

Qureshi cited taxation and grey trafficking as areas that were affecting the brands. However, he said, it could be curbed if brands started investing in local markets as Haier was doing.

“We can only force the government to create an eco-system for mobile companies if they have strong presence and contribute reasonably to the economy, technology transfer and job creation.”
Riaz Haq said…
#Pakistan is "the only all-weather strategic partner" of #China - Global Times. #CPEC

http://www.globaltimes.cn/content/960904.shtml#.VoKzAasXjJs.twitter …


In April when President Xi Jinping visited Pakistan, China and Pakistan elevated the bilateral relations to "all-weather strategic cooperation partners." China has established partnerships with a lot of countries in the world, but Pakistan is the only one that is called an "all-weather strategic cooperation partner."

For countries with different social systems and ideologies that want to collaborate with each other, the China-Pakistan relationship has become a model to follow. This type of relationship is not based on common values and systems, but on same or similar strategic and security interests. Today common security concerns still exist, and some new concerns like global terrorism and maritime security have arisen for both sides in recent years.

Since the beginning of the 21st century, the basis of China-Pakistan cooperation has expanded. The "One Belt, One Road" initiative and China-Pakistan Economic Corridor has enlarged bilateral strategic and cooperative partnership to a more comprehensive framework.

Before, the basis of the all-weather partnership mainly included political, strategic and security cooperation, now the closer economic ties have become a part of this basis, which makes two countries form a "community of shared destiny." The two sides not only have common economic interest and common security concerns, but also share the dream of national peace, stability, and prosperity. "Shared destiny" is the solid foundation for our cooperation in international affairs.

China-Pakistan international cooperation has some key features as follows: First, China and Pakistan respect principles, value friendship, and "share weal and woe." When dealing with international affairs, both sides take the Five Principles of Peaceful Coexistence as the basic principle; when facing international affairs, both sides advocate justice and fairness, protect the common interests of developing countries, and have the courage to speak up.

In addition, China-Pakistan cooperation is always based on close communication and coordination, deep understanding of the other side's situation and interest, and full consideration of the other side's feeling. Pakistan always gives China full support on the Taiwan, Tibet, Xinjiang, and South China Sea issues. China is also a strong supporter of the independence, sovereignty, territorial integrity, and national dignity of Pakistan.

In 1972, the People's Republic of China used its veto power for the first time to support Pakistan at the UN Security Council by refusing to admit Bangladesh, the former East Pakistan, to the UN. After 1989, every time when China was blamed by the US and other Western countries at the UN Commission on Human Rights, Pakistan was always the first one to stand up and speak for China.

China and Pakistan conform to trends of the times, expand scope of cooperation, and jointly resolve challenges. After the Cold War, especially in the 21st century, the world has seen a trend toward peace, development, and cooperation.

Apart from traditional security issues, more and more non-traditional challenges arise. As a result, China-Pakistan cooperation has expanded from political and security fields to economy and trade, climate change, food and energy security. China takes the interests of Pakistan and other developing countries into careful consideration when it negotiates with Western countries.
Riaz Haq said…
#China #Pakistan Economic Corridor: 27 sites identified for Special Economic Zones (SEZs)| Business Recorder. #CPEC

http://www.brecorder.com/market-data/stocks-a-bonds/0:/1259793:economic-corridor-27-sites-identified-for-sezs/ …
The federal government has identified as many as 27 sites in provinces, Islamabad Capital Territory (ICT) and Gilgit-Baltistan for setting up of Special Economic Zones (SEZs) under the China Pakistan Economic Corridor (CPEC), it is learnt. Sources in the Finance Division and the Planning Commission told Business Recorder that provincial governments have also been requested to allocate land for sites of SEZs.

The federal government has identified seven sites in Balochistan for the establishment of SEZs. The sites identified in Balochistan for industrial estates are as follows: (i) Gwadar with 3,000 acres for mines, minerals, food processing, agriculture and livestock, (ii) industrial estate at Lasbela (1,290 acres, iron steel, hardware, paper industry, pharmaceuticals), (iii) industrial and trading estate at Turbat (1,000 acres, manufacturing), (iv) Dera Murad Jamali with 50 acres, (v) Winder Industrial and Trading Estate, (vi) mini industrial estate Khuzdar (50 acres) and (vii) Bolan Industrial Estate (1,000 acres). The government has identified three sites in Sindh to set up Special Economic Zones, which include Chinese industrial zone near Karachi (2,000 acres, Exclusive Chinese Industrial Estate), Textile City at Port Qasim, Karachi with (1,250 acres) and Marble City at Karachi with (300 acres).

As per official documents, eight sites in Khyber Pakhtunkhawa province have also been identified for special economic zones. They include, marble and granite based industrial estate at Mansehra (80 acres, mining), industrial estate Nowshera (1000 acres, manufacturing), expansion of Industrial Estate Hatter (424 acres, manufacturing), industrial estate at Chitral (80 acres, food processing) as well as Industrial Estate Ghazi (90 acres, manufacturing) and industrial estate Dera Ismail Khan (188 acres, manufacturing).

Industrial estate at border of Kohat and Karak and industrial and economic zone at Bannu (400 acre) in KP have also been identified as sites for SEZ under CPEC. The government has identified seven sites for special industrial zones in Punjab. These included Multan Industrial Estate phase-II (80 acres), Rahim Yar Khan Industrial Estate (450 acres), Bhalwal Industrial Estate (400 acres), DG Khan Industrial Estate (3815 acres), Mianwali Industrial Estate (600 acres), Rawalpindi Industrial Estate (200 acres) and Pind Dadan Khan Industrial City (10000 acres) for agri, textile, food processing, livestock, manufacturing & energy).

Additionally, the existing under-development sites would also be included in SEZs for the CPEC. One site for special economic zones in Gilgit-Baltistan Moqpondass (2,000 kanal, mining & food processing) and one for Islamabad Capital Territory has also been identified under the CPEC.
Riaz Haq said…
GFIVE a mobile communication brand of GFIVE Group is the first-ever mobile manufacturing company in Pakistan. GFive is listed in top 10 in terms of global sales volume, has continued to hold the title of the fastest developing communication company. With established strong sales network based on the 95 global operations centers (including Pakistan), G’FIVE expands its business in full communication industry, dedicated in providing smart phone service to more consumers globally.

Since 2014 GFIVE team made efforts to establish world leading standard manufacturing plant in Pakistan. Today by the Grace of ALLAH (ALL MIGHTY) GFIVE Mobile (Pvt) Limited is the Pioneer in Pakistan who assembled and produced GFIVE Smart Phone & Bar Phone handsets first time in Pakistan with labeling “Made in Pakistan”.

By installing State-of-the- Art Assembling Plant and Equipment approved by Pakistan Telecommunication Authority (PTA) with the capacity to produce over half million handset per month. Gfive started its trail production successfully in January 2016, and produced over 87,000 handset of Smart and Bar Phones which completely meets the high quality standards.

With the aim, GFive Mobile (Private) Limited started their first ever state of the art Mobile production line & assembling unit in Pakistan for feature & Smart Phone segments to serve our valuable Pakistani customers nation-wide back up with strong after sale services.

GFive management always primarily focus on introducing reliable products to their customers at a very economical prices with strong after sale services & support nation-wide, We always believe, Pakistan is a highly potential market for production & assembling mobile handsets after the introduction of 3G/4G and upcoming 5G services together with a significant development towards digitized Pakistan and this is the right time to serve our Pakistani people, who feel proud to buy first ever “Made in Pakistan” handset.

GFive Mobile (Private) Limited has kept very strong network coverage, which cover all major & connecting cities of Pakistan through our strong distributional channel include whole-seller, dealer/retailers, high profile corporate sector such as Hypermarkets, Mobile Operators, Online Stores and Banks, etc. In addition of this, we also kept presence of our own outlets, regional offices, direct sales team and Customer care Centres.

We wish and hope that Government will also lead the initiative through practical steps in this direction and encourage companies to setup such type of production & assembling units in Pakistan and put Pakistan on the world map where handsets are assembled and manufactured in Pakistan and GFive Mobile (Private) Limited is a pioneer and of-course trend setter in Pakistan telecom industry and being served Pakistan 100% by Made-In Pakistan” Handset.

We are proud of what we’ve achieved but this journey continues and we want to be better than we have ever been before as we strongly believe that we are bigger than ‘a handset provider’.

http://phoneworld.com.pk/gfive-as-first-ever-mobile-manufacturing-company-in-pakistan/
Riaz Haq said…
It's official: #GE Appliances now belongs to #China's #Haier http://cnet.co/1PeSkl1 via @CNET

http://www.cnet.com/news/its-official-ge-appliances-belongs-to-haier/

After six months and $5.6 billion, the appliance division of General Electric officially belongs to Chinese manufacturer Haier, the companies said at a press conference Monday.

Haier's purchase of GE's Louisville, Kentucky-based appliance division is an assertive attempt to build a stronger presence in the US appliance market. Haier, which is based in Qingdao, China, is the world's leading appliance manufacturer, but the company only holds 1.1 percent of the US appliance market (US customers might be familiar with the brand's refrigerators, air conditioners or rolling R2D2 mini-fridge). Meanwhile, GE Appliances claims nearly 14 percent of the same market.

For many US shoppers, the GE brand is synonymous with household appliances like refrigerators and ovens. But the multibillion-dollar sale to Haier gives GE the chance to rid itself of those consumer-facing appliances to focus on more lucrative industrial manufacturing (think jet engines, industrial power systems and locomotives).

In the short term, people won't see much of a change as a result of the acquisition, said Chip Blankenship, president and CEO of GE Appliances. The GE name will still appear on appliances, and customers will still receive the same support.

"We'd like (customers) to be confident that we stand behind our products as we always have," Blankenship said.

GE Appliances stated in a news release the sale will generate an after-tax gain of approximately $0.20 per share, but the company expects restructuring to offset those gains. When asked about potential layoffs of GE Appliances employees, Blankenship said, "we don't anticipate any change."


There's been talk of GE selling its appliance division for at least eight years. Sweden-based Electrolux came close to buying GE Appliances for $3.3 billion in 2014, but the US Department of Justice objected to the deal last year on the grounds that a merger of two leading manufacturers of cooktops, ranges and wall ovens would reduce competition and options for consumers. GE quickly rebounded with the announcement that it would sell to Haier in January.

Haier was initially set to buy GE Appliances for $5.4 billion, but the price increased by about $200 million because of "increased working capital in the business," according to GE. GE Appliances currently has 12,000 employees that produce appliances out of Louisville and facilities in Indiana, Alabama, Georgia and Tennessee.

Riaz Haq said…
#Turkey's Arcelik to acquire #Pakistan #Karachi-based appliance maker Dawlance for $258 millionNikkei Asian Review

http://asia.nikkei.com/Business/Companies/Turkey-s-Arcelik-to-acquire-Pakistani-appliance-maker


Earlier this year, Arcelik was outbid for General Electric's appliance business by Chinese heavyweight Haier. Later, another Chinese company, Midea Group, beat Arcelik in the race for Toshiba's home appliance business.

On Thursday, Arcelik announced that it has signed an agreement to acquire Dawlance, Pakistan's market-leading home appliance company. The $258 million deal is expected to receive regulatory approval and close by the end of the year.

The acquisition will provide Arcelik a foothold in the world's sixth-most populous country, which is expected to grow around 5% a year for the next three years.

It is also expected to give Arcelik's Asia-Pacific growth strategy another boost, following the company's recent $100 million investment in a Thai refrigerator plant.

Privately owned Dawlance was founded in 1980 in Karachi, where it has two manufacturing sites. It has another site in Hyderabad. Its workforce, which is also spread through its distribution, sales and service networks, is 3,000 strong.

It is Pakistan's leading refrigerator and microwave brand, No. 2 air conditioners and No. 3 in the laundry category. Dawlance in 2015 reported $221 million in revenue and $45 million in EBITDA (earnings before interest, taxes, depreciation and amortization).

"Arcelik's recent investments in Thailand and Pakistan [are expected to provide] a strong platform for growth in Southeast Asia," CEO Hakan Bulgurlu said, adding that European markets have reached a "saturation point for white goods" and are beset by "long-term economic malaise."

He continued: "Economic growth in Pakistan is leading to more disposable income and purchasing power whilst technological advances are making white goods more efficient and more affordable. Pakistan's rapid urbanization and social development is seeing the emergence of more single-family dwellings, creating more demand for consumer appliances."

The CEO also vowed to strengthen Dawlance's product offerings and brand position.

Arcelik is owned by Koc Holding, Turkey's largest industrial conglomerate, which is also active in energy, finance, consumer durables and auto manufacturing.

Arcelik had $5.2 billion in turnover last year. It leads Turkey's white goods and consumer electronics markets. With global brands like Beko and Grundig, Arcelik products are sold in 133 countries. Before the Dawlance deal, Arcelik had 10 brands under its umbrella and had become known for its aggressive acquisition strategy across Europe, Africa and Asia.

Arcelik is Europe's third largest white goods producer.

With its $324 million acquisition of South Africa's Defy Appliances in 2011, it became Africa's largest white goods maker.

Arcelik's total workforce after the Dawlance deal will reach to 30,000 across 18 manufacturing facilities, including those in Turkey, Romania, Russia, China, South Africa and Thailand.
Riaz Haq said…
#Pakistan to build country’s first Naphtha Cracker Complex. #petrochemicals #manufacturing #materials #CPEC

http://tribune.com.pk/story/1302875/initiative-pakistan-build-countrys-first-naphtha-cracker-complex/

In an unprecedented development to boost the economy, Pakistan is set to build the country’s first ever Naphtha Cracker Complex (NCC), a state-of-the-art “grand infrastructure” to change petrochemical raw substances into value-added products ranging from construction, home d├ęcor, appliances, furniture, medical care, paints, cleaning stuff and top of the line military gadgets.

The absence of a naphtha cracker complex means Pakistan has to buy all petrochemical feedstock from international market that take heavy toll on import bill and prices of long range of items.

India has nine naphtha cracker complexes providing it tremendous mileage in industrial and economic progress.

The creation of this complex will revolutionise the industrial landscape.

The game-changing development came after an 18-member delegation of Pakistan Chemical Manufacturing Association (PCMA) met recently with Federal Minister for Planning, Development and Reforms in his office, Islamabad where NCC was announced to be built to catalyse the economic progress.

Acknowledging NCC as a strategic need, Minister suggested PCMA to prepare feasibility report and viable business plan in consultation with market experts and technologists to help ministry to make it a reality.

NCC will have an impactful role in all industrial zones to be placed along the route of China-Pakistan Economic Corridor (CPEC), it was said at the meeting.
Riaz Haq said…
Chinese investors are contemplating to build a chemical and automobile city in Gwadar under the umbrella of #CPEC

https://tribune.com.pk/story/1341071/gwadar-china-build-automobile-city/

Chinese investors are contemplating to build a chemical and automobile city in Gwadar under the umbrella of the China-Pakistan Economic Corridor (CPEC).

According to a private news channel, sources linked to CPEC project stated that the Chinese authorities have already initiated paperwork on said projects, which reflects their seriousness.

Analysts have advised owners of local automobile industry to start joint ventures with Chinese as this would help in transfer of technology as well as boost the local industry. Earlier, China announced to set up a steel factory under CPEC apart from various other projects.

China is developing the Gwadar port as a strategic and commercial hub under its ‘One-Belt One-Road’ initiative that promises shared regional prosperity. CPEC is one of many arteries of the ‘One-Belt One-Road’

In 2013, Pakistan handed over the Gwadar port to the Chinese company by annulling a deal with a Singapore company that could not develop the port after taking over in 2007. The ECC further approved amendments in the Gwadar Port Concession Agreement for operating and developing the Gwadar port and free zone.


On October 31, hundreds of Chinese trucks loaded with goods rolled into the Sost dry port in Gilgit-Baltistan as a multibillion-dollar project between Pakistan and China formally became operational.

The corridor is about 3,000-kilometre long consisting of highways, railways and pipelines that will connect China’s Xinjiang province to the rest of the world through Gwadar port.
Riaz Haq said…
#Pakistan to set up #infrastructure bank with $1 billion capital to finance private sector development. #IMF #IFC

https://tribune.com.pk/story/1394404/pakistan-set-1b-infrastructure-bank/

Finance Minister Ishaq Dar has announced that the government will set up Pakistan Infrastructure Bank with a paid-up capital of $1 billion, which will give financing to private investors for development projects.

Pakistan government and the International Monetary Fund (IMF) would have 20% shares each in the bank and the rest would be held by global organisations such as the International Finance Corporation, he said.

AJK plans tourism corridor along CPEC
He was speaking at a briefing held for the Pakistani media towards the end of his visit to Washington DC during which he attended spring meetings of the IMF and the World Bank.

Dar also revealed that the government would soon be launching Pakistan Development Fund (PDF) and its shares worth Rs100 billion would be offered to Pakistani diaspora in order to channelise their remittances effectively.

Later, these shares will be listed on the Pakistan Stock Exchange. “After the success of Sukuk (Islamic bonds), the PDF will be another attractive investment for overseas Pakistanis,” he remarked.

Giving a detailed round-up on the plenary sessions with the IMF and World Bank, the minister said there was positive sentiment about the tremendous economic rebound experienced by Pakistan over the last four years.

“Pakistan was on the verge of bankruptcy in 2014 and today it is likely to achieve approximately 5% growth during the current financial year,” he said. “Both IMF and World Bank are on the same page with the Pakistani government in these projections.”

Promotion of it: Work on innovation centres begins

Global credit rating agencies have upgraded the rating of Pakistan from negative to stable and from stable to positive in the last four years to an extent that the country is likely to be included in G-20 countries by 2030.
Riaz Haq said…
Exclusive: CPEC master plan revealed

https://www.dawn.com/news/1333101

For industry, the plan trifurcates the country into three zones: western and northwestern, central and southern. Each zone is marked to receive specific industries in designated industrial parks, of which only a few are actually mentioned.

The western and northwestern zone, covering most of Balochistan and KP province, is marked for mineral extraction, with potential in chrome ore, “gold reserves hold a considerable potential, but are still at the exploration stage”, and diamonds. One big mineral product that the plan discusses is marble. Already, China is Pakistan’s largest buyer of processed marble, at almost 80,000 tons per year. The plan looks to set up 12 marble and granite processing sites in locations ranging from Gilgit and Kohistan in the north, to Khuzdar in the south.



“There is a plan to build a pilot safe city in Peshawar, which faces a fairly severe security situation in northwestern Pakistan”.



The central zone is marked for textiles, household appliances and cement. Four separate locations are pointed out for future cement clusters: Daudkhel, Khushab, Esakhel and Mianwali. The case of cement is interesting, because the plan notes that Pakistan is surplus in cement capacity, then goes on to say that “in the future, there is a larger space of cooperation for China to invest in the cement process transformation”.

For the southern zone, the plan recommends that “Pakistan develop petrochemical, iron and steel, harbor industry, engineering machinery, trade processing and auto and auto parts (assembly)” due to the proximity of Karachi and its ports. This is the only part in the report where the auto industry is mentioned in any substantive way, which is a little surprising because the industry is one of the fastest growing in the country. The silence could be due to lack of interest on the part of the Chinese to acquire stakes, or to diplomatic prudence since the sector is, at the moment, entirely dominated by Japanese companies (Toyota, Honda and Suzuki).
Riaz Haq said…
China signs MoUs worth $375m for investment in readymade garments sector in Pakistan

https://tribune.com.pk/story/1510133/china-signs-mous-worth-375m-investment-pakistan/

Chinese companies from different cities and provinces have expressed their interest in relocating their textile, garment and accessory production units to Punjab, with an expected investment of at least $25 million estimated for each unit.

This was stated by Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Central Chairman Ijaz Khokhar at the three-day 18th International Textile Asia Exhibition. Besides marking the participation of over 500 foreign delegates, the exhibition also witnessed signing of MoUs worth $375 million for investment in Pakistan through joint ventures with local companies

Speaking on the occasion, Khokhar said that foreign companies are also committed to transfer their technologies, besides buying back Pakistani products after value-addition here, which would enhance export and lower Pakistan’s trade deficit with China.

Quoting the Chinese, he said, “We will make joint ventures with local companies from Gujranwala, Lahore, Sialkot and Faisalabad, and provide training to engineers from these cities and buy back products to export to China.”

The event was jointly organised by PRGMEA and Ecommerce Gateway Pakistan, who also signed an agreement to continue to jointly conduct this mega textile event in the future on an annual basis.

The PRGMEA chairman announced this on the last day of the exhibition. In his concluding remarks, he said that around 52,000 trade visitors registered their presence in the textile fair in three days.

Also present on the occasion, PRGMEA Vice Chairman Jawwad Chaudhry said that machinery and equipment displayed at the exhibition were of immense use to manufacturers producing value-added products for increasing volume of exports.

He hoped that local businessmen would benefit from this technology by adding value to their products.

He said that the Textile Asia Expo also featured businessmen to businessmen (B2B) meetings, a lot of important industry-related presentations and seminars on textile sector.

Chaudhry observed that the entire chain of the local textile sector was invited to attend the country’s largest textile show. The exhibiting countries included Austria, China, Czech Republic, France, Germany, India, Italy, Korea, Taiwan, Turkey, UK and USA among others.

Ecommerce Gateway Pakistan CEO Dr Khurshid Nizam said that such textile machinery fairs in Pakistan would increase productivity, resulting into better competitiveness.

Chinese textile units interested in relocating to Pakistan

The exhibition is aimed at focusing the Punjab potential of textile and garment machinery, accessories, raw material supplies, chemicals and allied services under one roof, as around 80% of textile industry is located in this province, Nizam added.

The exhibition also provided an effective platform for joint ventures and collaborations to the textile sector’s SMEs, he remarked.

The CEO observed that the three-day mega fair provided the local small textile industry a good opportunity where more than 315 international brands from around 27 countries displayed their products in more than 515 stalls.

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