Karachi, 17 March 2023, Friday: Federal Minister Commerce Syed Naveed Qamar attended Meet and Greet session with media at TDAP HQ in Karachi today i.e Friday 17 March 2023.
Federal Minister during discussion told media that China’s eastern province, Shandong is set to relocate its labour-intensive industries to Pakistan to reduce production cost which is part of CPEC. Not only the idea of multi-billion dollars China Pakistan Economic Corridor was initiated by President Asif Ali Zardari but President Asif Ali Zardari also played keg role in implementation of Currency Swap Arrangement (CSA) which gave positive signal to the market on the availability of liquidity of the other country’s
currency on the onshore market.
Federal Minister said, China to build an industrial park in Pakistan which will serve as a focal point for all the industrial requirements of Pakistan from China and vice versa. The Federal Minister said projects like solar panels assembly plant, metal refining plants, fertilizer production plant, food processing plants (dry milk production, seafood processing, meat processing) are being considered for future investment.
Federal Minister while speaking to media appreciated the barter trade model and said that the same could be used to enhance exports. He said that framework on barter trade model has been approved by the federal cabinet.
Speaking to the media, the Federal Minister said we are not only emphasizing on enhancing exports to the US, EU and rest of the world, but also working constantly on GSP plus status with the EU.
