cpecnews news صفحۂ اول

Ambassador Yao Jing says Punjab matters immensely in the execution of CPEC projects, labels the province as the epicenter of CPEC Phase-II

  • May 19, 2019
Ambassador Yao Jing says Punjab matters immensely in the execution of CPEC projects, labels the province as the epicenter of CPEC Phase-II
Image caption Ambassador Yao Jing says Punjab matters immensely in the execution of CPEC projects, labels the province as the epicenter of CPEC Phase-II

LAHORE: Punjab, being the largest province of Pakistan, will be the epicentre in the second phase of the China-Pakistan Economic Corridor (CPEC), announced Chinese Ambassador to Pakistan Yao Jing.

In a meeting with the Punjab industries minister, industries secretary and Punjab Board of Investment and Trade (PBIT) CEO on Saturday, the ambassador stressed that Punjab mattered immensely in executing CPEC projects because it enjoyed advantage in every sector.

“Every time I visit Lahore, I connect with industries, agriculture and tourism ministers because this province has its own potential in agriculture and agri-business where it can perform better,” he said. “The next phase of CPEC needs to be successful and success comes Yao Jing calls Punjab epicentre of CPEC phase-II)
from Punjab, so let’s start it from Punjab.”

Punjab is considered the leading province of Pakistan primarily due to its huge size and population base which, according to the 2017 census, crossed 110 million out of over 208 million population of the country. When CPEC was initiated, Punjab was criticised by other provinces because then premier Nawaz Sharif hailed from Punjab and he was blamed for routing maximum investments to the province in a bid to further secure his party’s vote bank for 2018 general elections.

The ambassador continued that Punjab already enjoyed a good reputation in China and invited business delegations from Pakistan to cities other than Shanghai and Beijing to explore lesser known provinces which, though small, had advanced Special Economic Zones.

“Adviser to Prime Minister on Commerce Abdul Razak Dawood sends a delegation of traders and businessmen to China every month following Imran Khan’s recent visit to the country,” the ambassador highlighted.

He appreciated that Punjab had already worked a lot on the ease of doing business and had offered new incentives under different policies.

“Provincial ministers should focus on allied provinces and take business delegations there to collaborate with them just like Singapore is doing; I will facilitate the delegations,” the ambassador added.

Yao said a lot of opportunities were emerging in the textile sector under the second phase of China-Pakistan Free Trade Agreement.

“I come from a small town in southern China where the biggest producer of socks is now looking to relocate its manufacturing facility due to the trade war and increased tariffs,” the ambassador said.

“They can relocate to Pakistan and the country can produce socks as well as get access to the European region.”

He offered complete support to Pakistan in conducting road shows in China, which could be fruitful to Punjab in general and Pakistan in particular in terms of joint ventures.

The ambassador turned down the request of forming joint ventures with Chinese mobile phone manufacturers in Punjab.

“Prime Minister Imran Khan also tried to convince Huawei to establish a mobile phone factory in Pakistan but profit margins are very limited in this business and such things need sharp calculation of policy and space of benefits,” he argued.

He pointed out that the company had already established a new factory in India a couple of years ago to cater to the entire region.

Nevertheless, Yao took great interest when the PBIT CEO asked him to collaborate in the tourism industry of Punjab by inviting Chinese hospitality giants to facilitate Chinese tourism in Pakistan.

“This is an area where we can offer assistance as we have several big groups in China’s hospitality sector, which currently have surplus supply,” he added.

Simultaneously, he advised the provincial managers to focus on the agricultural base, its allied processing industries and the livestock sector and expressed China’s desire to import meat from Pakistan under the second phase of FTA.

Archives

3 meetings in eight months of President Xi with PM Khan reflects high-level strategic partnership
PM Imran meets President Xi, says CPEC remains highest priority of the Pakistani government
Pakistan and China should expand CPEC with focus on industrial parks, agriculture and social welfare: President Xi
PM Imran, President Xi discuss entire gamut of bilateral relations, resolve to move forward with CPEC
Pakistan and China should evolve a strategy to counter negativity against CPEC
SCO playing a key role in promoting regional integration through CPEC
CPEC projects earmarked in PSDP 2019-20
Feasibility design of the 1.2 KM Hazara Motorway Abbottabad Interchange approved by Commissioner Hazara being prepared jointly by NHA and Chinese engineers
We reject the notion of trade war or new cold war with China, best of CPEC is yet to come: Mushahid
CPEC projects worth $27 billion have been completed or are nearing completion: Asad Umar
Government hopes to achieves 10m jobs through the second phase of CPEC
Government has addressed reservations regarding CPEC projects in Balochistan, construction work on the CPEC western route has begun: Qasim Suri
Social sector development under CPEC top priority of PM Imran Khan
Rashakai SEZ under CPEC a flagship to kick off industrialization
Pakistan on the forefront of war against terrorism, openly opposes terrorism: China
470 police personnel of special protection unit complete six month training for CPEC, RPO Rawalpindi says CPEC bears great significance for Pakistan
Recent visit of Vice President Wang to Pakistan a complete success: China
Government takes first step in establishing a 'CPEC Authority'
VP Wang's visit to Pakistan sends a strong message to the int'l community that Sino-Pak friendship is an exceptional one: Lijian Zhao
CPEC can help African countries gain access to wider Asian markets: Pakistan Envoy to African Union
Chinese Vice President's visit a manifestation of strong will existing on both sides: Chinese Media
660 MW CPHGC coal power plant's second unit connected to the national grid
Vice President's visit imparts impetus to further deepening of the time-tested friendship between Pakistan and China: FO
Punjab government to devise an effective strategy for CPEC: CM Punjab
Chinese VP visits Haier-Ruba Economic Zone as part of his visit to Lahore
Chinese VP and Punjab CM discuss CPEC and other matters of mutual interest
Four mega development projects in the fields of energy, technology and education launched under CPEC, various MoUs signed as part of Chinese VP's visit to Pakistan
Pakistan and China will continue to safeguard each other's interests: Chinese VP
Chinese VP to arrive in Islamabad today on a three-day visit
China and Pakistan will join hands in building closer community of shared future: Ambassador Yao Jing