China in perfect position to help Pakistan develop SME sector: Chinese CG

Karachi: Chinese Consul General (CG) in Karachi Yang Yundong has said that China was in a perfect position to help Pakistan develop its Small and Medium Enterprises (SME) sector.

He mentioned that the SMEs account for 70 to 80 percent of Gross Domestic Product (GDP) which make China a well-experienced side.

In a meeting with Karachi Chamber of Commerce and Industry (KCCI) delegation led by its President Mohammed Tariq Yousuf here at the Chinese Consulate, he maintained that in addition to developing the SME sector, a host of other areas also exist where the business communities of the two countries can collaborate with each other.

This, he added, will improve further the existing trade and investment relations. He emphasized that in order to attract more and more Chinese companies to Pakistan, the security has to be improved.

The Chinese Consul General, while highlighting the bustling activities under China-Pakistan Economic Corridor (CPEC), stated that this project was making significant contributions to promoting Pakistan’s economic and social development, enhancing people’s well-being, and deepening people-to-people affinity and regional connectivity between China and Pakistan.

Vowing to expand comprehensive cooperation and deepening China-Pakistan friendship, he assured to broaden the scope of cooperation and continuously enhance cooperation in industries, agriculture, maritime, science and technology.

He informed that for the first time, Pakistani seafood was recently transported via land along the CPEC to Kashgar, Xinjiang and Chinese companies have actively carried out cooperation in chili peppers and canola in Sindh Province.