According to Sadiq Sanjarani, Pakistan must focus on industrialization in order to combat unemployment.
The annual report of the All Pakistan Chinese Enterprise Association was released at a ceremony held at the Chinese Embassy under the auspices of the Pak-China Institute.
Speaking at the event, Chairman Senate Muhammad Sadiq Sanjarani, speaking at the event, stated, “It gives me great pleasure to address the distinguished guests on the occasion of the presentation of the annual report of the All Pakistan Chinese Enterprises Associations.”
He stated that this event was crucial not only for the bilateral commercial links between China and Pakistan, but also for the brotherly bonds between the two countries.
The Senate Chairman praised the Pakistan-China Institute for holding the event and stated that Quad-19 has had a tremendous impact on our economic stability and progress. Economic losses were reduced, and economic activity was maintained.
According to Sadiq Sanjarani, recent setbacks have provided Pakistan with a chance to reassess its economic policies and focus on industrialisation for economic growth and development.
According to him, the services sector accounted for more than half of Pakistan’s GDP last year, followed by agriculture. To solve issues such as the balance of payments and unemployment, Pakistan must focus on industrialization.
“Many examples of industrialization fostering economic growth have been witnessed across the world, but China’s rapid economic progress is a shining example for the rest of the world. Today, we have the chance to learn from our close ally (China).” China’s economic rise has benefited all of Latin America, Asia, and Africa.
According to Sadiq Sanjarani, we need our businessmen, industrialists, and chambers of commerce to take advantage of Pakistan’s close and fraternal relations with China to establish relationships with their counterparts in China, which is the private sector’s responsibility in addition to the government’s. to open the door for cross-industry collaboration.
According to the Chairman of the Senate, the manufacturing and industrial sectors might be relocated to Pakistan in exchange for reciprocal collaboration, which would not only meet local demand but also cut our imports (about $515.5 billion) and raise our exports (32.3 billion) to China. Will
According to Sadiq Sanjarani, the only way to fully gain is to promote investment in manufacturing units, particularly in infrastructure and industrial zones included in the C-Pack.
He expressed his optimism that the Pakistan China Institute, FPCCI, chambers of commerce, dealers, and industrialists will begin substantive discussions with the All Pakistan Chinese Enterprise Association and China. will yield favourable outcomes.
