LAHORE: The remarkable success of SME sector in China has opened new avenues for Chinese economy to flourish that Pakistan should emulate as China has become the best example of emerging economic power largely relying on SME sector.
This was stated by Engineer Suhail Lashari President Lahore Chamber of Commerce and Industry at a Seminar on “Achieving Sustainable Economy by 2017 by fully benefiting from China in SME Sector” held at the Lahore Chamber of Commerce & Industry. The theme of the seminar was about taking full advantage of Chinese expertise in various economic sectors in general and in Small & Medium Enterprises Sector in particular.
Provincial Minister of Industry Ch. Shafiq Ahmad, Provincial Minister for Mines & Minerals Sher Ali Khan, LCCI Senior Vice President Mian Tariq Misbah, Vice President Kashif Anwar, Chairman LCCI Standing Committee on Pak-China & ASEAN Economic Relations Siddiq-ur-Rehman Rana, Secretary Industries Punjab Arif Anwar, Director SBP Abid Qamar, CEO Punjab Board of Investment Muhammad Ilyas Ghouri, DG Board of Investment Dr. Raania, Babar Chaudhry, Raja Hassanien Javed, Niaz A Malik, Chief Engineer Power Energy Department Iftikhar A. Randawa, CEO NAVTTC Khalid Hanif, Vice Chancellor Punjab University Mujahid Kamran, MPA Dr. Ayesha Ghous Pasha, Mr. Li Chun were prominent amongst the speakers.
At the seminar, experts discussed the road map, execution mechanism and forming monitoring team by inviting all the stakeholders for sustainable economy by 2017 by fully benefiting from China. They said that government and private sector should join hands for high-speed growth of micro, small and medium industry.
During the seminar, speakers highlighted various aspects of Pak-China Economic Corridor, Economic Cooperation and Regional Connectivity Projects.
The speakers shed light on ways that may bring drastic change in our economy with special reference to Pak-China Economic Cooperation through joint ventures, transfer of technology, and identification of more items of exports to China, knowledge sharing and technical trainings etc.
Provincial Ministers Ch. Shafiq Ahmad and Sher Ali Khan in their respective addresses said that because of untiring efforts of Punjab government, Pak-China friendship has entered into a new era. They said that the Chinese government was extending full cooperation to Pakistan for ongoing development process.
Speaking on the occasion, LCCI President Engineer Sohail Lashari said that China and Pakistan are situated in an area that has great geographical importance and hosts almost half of the world’s population. He said that along with the human resources, the area is also rich in natural material resources.
LCCI President said that we must try to know the systematic approach adopted by China and those policies which played major role in transforming their SME sector. He said that SMEs contribute 60% of China’s industrial output and create 80% of China’s jobs. Chinese Government has especially targeted this sector in order to achieve an average annual growth rate of 8%.
He stressed the need to develop strong linkage between private sector representatives of both the countries for creating win-win situation.
