Experts for basing Pak industrial policy on China’s SEZs success

48

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

countries.

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

be.

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.

APP/ah /msk