CPEC has transformed Pakistan into an emerging market: ICSTSI chief
Islamabad: President Islamabad Chambers of Small Trade and Small Industry (ICSTSI) gave credit to China-Pakistan Economic Corridor (CPEC) for transforming Pakistan into an emerging market.
“Following the completion of the China-Pakistan Economic Corridor, Pakistan has emerged as an emerging market and logistics hub, making it an appealing investment destination,” he said.
He was speaking at a meeting with Ambassador of Kyrgyzstan to Pakistan, Ulanbek Totuiaev, who visited the ICSTSI.
The agenda of the meeting was to interact with the business community of ICSTSI. Wajida Saleem, the Vice President, gave the opening remarks highlighting the cordial diplomatic ties between Pakistan and Kyrgyzstan.
Sajjad Sarwar, the President of the ICSTSI, gave the welcome address. In his speech, he shared that Pakistan and Kyrgyzstan have long-standing economic and cultural ties.
He stressed that the small business sector is critical to Pakistan’s economy because it provides jobs, opportunities, and places for community gatherings.
Along these lines, he pointed out that textiles, transportation, tourism, and vegetables are just a few industries where the two countries could work together.
On the occasion, the Ambassador of Kyrgyzstan underscored bilateral relations between the two countries. Ambassador highlighted that Pakistan and Kyrgyzstan enjoy deep-rooted relations and greater potential for cooperation in business and trade.
He said that both countries were celebrating 30 years of strong relations. In this vein, he shared the significance of small and medium enterprises in strengthening bilateral ties.
He lauded ICSTSI on its role in enhancing ties and facilitating small and medium businesses. It is doing well, and the business environment favors foreign investment.
The meeting provided an opportunity to strengthen bilateral cooperation and ties. The office bearers of the ICSTSI and executive members participated in the event. A question-answer session was also held.
