China sees ‘unique’ business opportunities in Pakistan
Citing his country’s educated workforce, growing economy, strategic location and enhanced security, the Chinese commerce misinter was of the view that Pakistan offers unique opportunities for Chinese small and medium-sized enterprises, China Daily reported.“Pakistan has made detailed plans for its armed forces and local law enforcement agencies to better protect the Chinese citizens working in the country,” Pakistani Commerce Minister Khurram Dastgir said in an interview in Beijing. “The security is being taken care of at the highest level. We take security very seriously, and want to ensure nothing happens,” Dastgir said.
More than 13,000 Chinese people are currently working in Pakistan, a number that is expected to increase as trade ties deepen, said Pakistan’s Ambassador to China Masood Khalid.Dastgir said the multinational Chinese companies such as Huawei and ZTE have a long-established presence in Pakistan, but for smaller companies, the country also offers a host of advantages, including easy access to the Middle East and other global markets.
Dastgir referred to some markets in Pakistan’s as “virgin markets”, where there is old technology and old ways of doing business. “Whoever can bring new technology and management into these markets, will reap the rewards,” he added.The minister highlighted four sectors in which he believed there were huge opportunities for the Chinese businessmen: garments, agricultural products (such as dairy and fish), precious gems and marble and software engineering.
“There are no barriers between the governments. There are no trade disputes. The only structural challenge is language,” he said.Dastgir attended the “14th Economic and Trade Ministers’ Meeting” of the Shanghai Cooperation Organisation in Xi’an, which drew delegates from 16 member states, observer countries and dialogue partners.