Chinese Investments Boost Pakistan’s Industrial Growth
Vice President Zafar Iqbal of the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) highlighted during an executive meeting that around 2,300 Chinese companies are active in Pakistan, making investments across a spectrum of industries, including electronics, automotive, and agriculture.
Particularly, Chinese businesses have shown a keen interest in emerging sectors like educational exchange programmes, insurance, chemicals, and battery recycling plants. Iqbal emphasised the untapped potential of Pakistan’s chemical sector, which serves multiple industries, and the growing importance of building a global brand for "Made in Pakistan" products.
Pakistan's textile sector, contributing 9.5% to GDP and employing 15 million workers, holds significant export value. Iqbal urged modernisation of textile production through partnerships with APTMA and PBIT. He also highlighted the biochemical industry's transformative potential in enhancing Pakistan's traditional chemical sector, driven by advances in biotechnology.
In closing, Iqbal reiterated PCJCCI's mission to bridge the business communities of Pakistan and China, urging government support for initiatives that promote innovation, knowledge transfer, and opportunities for entrepreneurs.