CPEC, 'One Belt and One Road' global initiative of China has provided Pakistan the golden opportunity to take off as a regional economic power. Pakistan has been unable to grow and develop as fast as its neighbours in South Asia, on account of poor infrastructure which is already straining under demands of a large population growing at higher rate than world's average.
Chinese lending via CPEC for infrastructure and energy projects will bridge infrastructure development gaps in Pakistan. The Industrial Phase of CPEC in Pakistan is now starting and Government of Sindh is actively working on the development of industrial parks and Special Economic Zones in the province. Research and Development International, Chinese Academy of Social Sciences (CASS-RDI) has worked extensively on the development of the 'One Belt and One Road' Initiative and Government of Sindh is supporting its efforts in bringing Chinese businesses to engage with Pakistani businesses and set up industries in the province
The objective of this event was to provide a platform to Chinese and Pakistani businesses to discuss and explore potential partnership and investment opportunities in Sindh. The visiting Chinese delegation represented fifteen business sectors, including real estate, technology, engineering and Chinese medicine amongst others.
Speakers at the event were, Senator Saleem Mandviwala, Naheed Memon, Chairperson SBI, Government of Sindh, Dr Baige Zhao, chair of the Advisory Committee of CASS-RDI while Senator Mushahid Hussain, Co-Chair, Pakistan China Institute delivered the concluding address. To further strengthen relations between the two countries, a Memorandum of Understating to establish Pak- China Real Estate Association (PCREA) was also signed.
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