KARACHI, Oct. 12 (APP) : Chinese experiences and success stories
of industrialization through Special Economic Zones may be considered
for domestic policy legislation to boost industrial growth.
Such an opinion emerged on Thursday at a training workshop on
“Industrial Cooperation: How to Develop Industrial Zones, Job Creation
and Promotion of SMEs” conducted for Sindh Government officers,
business representatives, research and academia people. Sindh Board of
Investment was the host. SBI Chairperson Ms. Naheed Memon chaired the
workshop. China’s Consul General Wang Yu and Commercial Consul Guo
Chunshui also spoke.
Chinese experts group from China International Engineering
Consulting Corporation and China Association of Development Zones, who
is on Pakistan’s visit from 12 to 18 October, gave detailed review of
industrial development in China since 1984.
The CIECC is Chinese government’s think-tank and advises their
National Development and Reforms Commission (NDRC) on, how and where
to invest within and outside the country.
The Chinese experts informed that over three decades, China had
been developing industrial parks for different sub-sectors for the
fast industrial development.
They also shared with the participants that five hundred billion
dollars investment made by the foreigners was reflection to the
success story of China about industrialization.
The questions and answer session also provided a lot of
information in respect of better understanding on SEZs, legislation
and other requirements for establishing industrial parks.
Leading businessman Engr. M.A.Jabbar, who is also Chairman,
Pakistan Steel Mills’ Board of Directors and a member of Small and
Medium Enterprises Development Authority (SMEDA) performed as
moderator was informed by the Chinese experts that the legislation and
other needs adopted by China was domestic and not universal one.
Therefor, the experts group advised that Pakistan should adopt
customized models as per circumstances of Pakistan in terms of
financial, taxation, and other arrangements and access to the level of
available and possible incentives.
The Chinese experts further informed that the policy in China for
setting up industrial zones and providing tax concessions was
preferred for the less developed areas.
SBI Chairperson Ms. Naheed Memon said the interactive workshop was
a good opportunity for assembling questions for the review and the
answers. She thanked Chinese Embassy here to facilitate such an
important event aimed at industrial cooperation in the two friendly
Both Chinese and Pakistani business communities could benefit from
these interactions, she said.
Later, in a brief chat with a group of journalists there, SBI
Chief said that 1000 acres of land allocated for Dhabeji SEZ had
become short against the high demand from foreign and local companies.
She said ninety percent of Dhabeji zone formalities and legal
process had been completed and was very confidant of its approval at
the Joint Coordination Commission’s meeting scheduled for December
2017. JCC is the joint forum of China and Pakistan for timely and fast
execution of the CPEC projects.
On the directives of the Federal Government, like other provinces
Sindh had come up with three SEZs — in Dhabeji, Khairpur and Keti
Bunder, she said.
Ms. Naheed Memon said that she was to attend a meeting CPEC
Industrial Group on Tuesday in Islamabad, which is pre-JCC activity,
to discus and streamline the things about industrial projects to be
included in CPEC.
The industrial group meeting, to be participated by
representatives from all the provinces and Federal government, would
come up with certain recommendations about the industrial projects:
what type of industries, infrastructure, tariffs and incentives should
She said it was China who introduced the idea of SEZs in the world
and it was very successful. China had big experience in SEZs and
Pakistan could benefit.
Ms. Naheed Memon informed that SBI was going to initiate the
feasibility about construction of warehouses in Sindh.
Chinese Experts Group would leave for Lahore on Friday evening
and on Monday evening they would fly for Islamabad before leaving for
China on October 18.