Pakistan Eyes Closer Cooperation with China

Added On November 6, 2018

As Pakistani Prime Minister Imran Khan is on his first official visit to China to attend the China International Import Expo (CIIE), entrepreneurs back home are hoping that the event will help boost the industrial and trade development of the country.
The newly formed Pakistani government has made industrialization a central priority as the country looks to boost economic growth and development.
And it considers the China-Pakistan Economic Corridor (CPEC) and CIIE as important opportunities to achieve this goal.
SOUNDBITE (ENGLISH): IMRAN KHAN, Pakistani Prime Minister
"CPEC will bring in investment in Pakistan. We will have some technology transfer from China. We will be able to in Special Economic Zones. We will be able to attract industry which can help us export."
Pakistani government officials believe that the ongoing CIIE will be extremely beneficial in taking Sino-Pak collaborations to a new level.
SOUNDBITE (ENGLISH): ABDUL RAZAK DAWOOD, Advisor to PM on Commerce,Textile,Industry and Investment 
"Pakistan has great potential and one of the reasons why we are putting so much importance on this visit to China, we have had lots of discussions and as I said in my brief speech we want to bring forward the industrial cooperation."
Asad Mashadi, a Pakistani businessman, thinks that the expo will offer greater access to the Chinese market.
"So I believe that this kind of event, this kind of meetings will help to boost the trade relationship between China and Pakistan and especially when China is bringing a big investment in CPEC."
The Pakistani government said that it needs 12 billion U.S. dollars to stabilize its balance of payments, and deeper trade ties will provide tremendous opportunities in a time of severe economic crisis.