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Pak-Chinese cooperation

Pak-Chinese cooperation

 

Pakistan China friendly relations are the best example of cooperation and diplomacy between the two countries which are not only different by culture, religion and ethnicity, but also by race. The two countries have been enjoying cordial relations for the last more than half a century and still heading towards closer cooperation in various fields of the economy. The recent mega project of China-Pakistan Economic Corridor is a kind of international initiative and is appreciated by the world powers despite reservations. The regional countries like Iran, Afghanistan and central Asian states as well as Russia are taking keen interest in the initiative and want to be part of it. However, when Pakistani and Chinese officials sign an agreement, the both sides should review the situation on the ground and the pacts should not be signed in the way to harm the interest of any of the country. It should be a win-win situation for the two nations. Some circles in Islamabad are considering revisiting certain sections of the free trade agreement which can create doubts in the mind of any side. China is making huge investment in Pakistan and obviously would like to take lion share of the profit.

Meanwhile, over 150 top-level Chinese machinery manufacturing companies are taking part in the China Mechanical and Electrical Machinery Expo 2017. According to Pakistan-China Joint Chamber of Commerce and Industry President Wang Zihai, the mega trade exhibition is a brainchild of the business community of the two countries and is being regarded as Gateway to E-commerce in the country. The exhibition is currently going on in the Lahore Expo Centre and hopefully will establish closure liaison between corporate sectors of the two countries. It is hoped the exhibition will attract Chinese investment in machinery manufacturing sector in Pakistan. The participating companies are showcasing their products and are seeking investment partners in Pakistan to launch joint ventures in key economic sectors.

It is also a good opportunity for the Pakistani entrepreneurs to get inspiration from Chinese investors and take knowhow about the latest technology. China has appeared as the manufacturing hub of the world and is trying to shift from light industry to heavy manufacturing sector. It will be a good option for the Pakistani officials and businessmen not only to establish joint ventures, but also persuade the Chinese entrepreneurs to shift their units in Pakistan where cheap and qualified labour is already available.