CPEC to promote regional connectivity, enhance trade & commerce: Mamnoon


KARACHI, March 15 (APP): President Mamnoon Hussain has said that

China-Pakistan Economic Corridor (CPEC) is a landmark project that

would change the destiny of the region and would emerge as an example

at international level.

This, he added, would also promote regional connectivity and

generate new opportunities for trade and commerce.

He was addressing the Participants of the 2nd International

IBA-CPEC Business and Research Conference held here on Wednesday.

The President said that CPEC would help bring various regions of

the world together and new avenues would be opened for the trade and


He also asked the investors to prepare themselves to take full

advantage of the opportunities that would be created in the wake of


Mamnoon Hussain also asked the institutions of higher learning as

well as think tanks to devise a future strategy regarding the CPEC so

as to fully benefit from this mega project.

Muhammad Zubair, Governor Sindh, Wang Yu, Consul General of the

People’s Republic of China, Dr. Farrukh Iqbal, Dean and Director,

Institute of Business Administration (IBA), Karachi, and researchers

and scholars from different countries were also present on the


The President said that the Second International IBA-CPEC

Business and Research Conference under the auspices of `my alma-mater,

Institute of Business Administration’, for progress of Pakistan and

the region is a positive initiative.

He hoped that this conference will commence an educational debate

to analyse the opportunities and benefits of China-Pakistan Economic

Corridor (CPEC).

Mamnoon Hussain was of the view that such conferences become a

source of guidance towards formulation of better policies and promote

cooperation between the Government and private sector paving the way

for national progress.

`It is a trait of vibrant nations that their institutions,

particularly academic institutions, promote development projects

through their educational activities’, he said adding that the

objective behind organizing this conference is research and analyses

of CPEC and opportunities emerging out of it.

The President was glad that IBA has brought together researchers

and experts from leading universities of all provinces of the country

and Silk Business School of Shanghai University on one platform.

This activity will bring together the relevant sectors of the two

countries expected to capture maximum gains from CPEC and affiliated

projects for which he congratulated the organizers and participants of

the conference.

He said that this conference held with joint collaboration of IBA

and Silk School of Shanghai University has revived an old memory when

Institute of Business Administration was established with cooperation

of Wharton School and University of Southern California.

The President said that he would like that similar cooperation

should be nurtured between IBA and Silk Business School of Shanghai

University so that students graduating from these institutions could

work not only for progress and prosperity of Pakistan and China but

for the whole region, the way students of IBA rendered significant

services in financial institutions around the world including


He hoped that this conference will provide a basis for

partnership between these two excellent educational institutions of

Pakistan and China.

`As you are aware that CPEC is a landmark project for promoting

regional connectivity and trade which will not only bring different

regions of the world closer but also generate new opportunities for

trade and commerce. It is necessary that we prepare ourselves to

benefit from these opportunities and challenges including

technological innovations in the field of communication and

development of energy and transport infrastructure. We would also

require trained workforce to benefit from these facilities’, the

President remarked.

Mamnoon Hussain said that CPEC will prove to be a milestone such

that after its operationalization the term `Before and after the

Economic Corridor’ will be used by people to describe the historic

change that it will bring. The old methods of doing trade and business

will have to change in many areas as the traditional ways of

conducting business will not be able to keep up with the new demands

of changing times.

He said that in order to meet this challenge, we will have to

prepare business entities and train manpower. There is heavy

responsibility on our universities and other educational institutions

to prepare relevant refresher courses and literature for traders so

that in the emerging new situation a large number of our workforce is

not rendered irrelevant.

The President said that after the operationalization of CPEC,

foreigners on a large scale will start visiting Pakistan which will

have far-reaching social and cultural impact. Social change may lead

to uncertainty in societies and rise to multifarious problems. But

societies where intellectuals and thinkers deliberate on future

challenges and change are better able to cope with them.

`I would like our universities and thinkers to start thinking on

this aspect so that people become aware of the challenges beforehand

and are mentally well prepared to face them’, he added.

Mamnoon Hussain stated that he was glad that Silk Business School

of Shanghai is collaborating to arrange this conference and

participants will be able to benefit from Chinese experience. We

should learn from pervious experiences in order to progress and keep

pace with the contemporary world.

He was hopeful that such conferences will continue to be held in

future and scope of its partner institutions will also continue to


The President warmly welcomed the delegates particularly the

guests from foreign countries participating in this Conference and

hoped that their stay in Pakistan will be productive and comfortable.