MoU inked: Chinese co to help set up businesses in Jiaxing

All Pakistan Business Forum (APBF) and Zhimakaimen Economic and Trading Industrial Zone Management Company Limited, China inked a memorandum of understanding (MoU) at the Small and Medium Enterprises Development Authority (Smeda).

Under the MoU, the group will provide opportunities to Pakistani businessmen and brands to open up their shops and businesses at Jiaxing City near Shanghai.

In the wake of the emerging opportunities of China–Pakistan Economic Corridor (CPEC), Smeda, as a facilitator for small and medium enterprises has been playing an active role in identifying potential investment opportunities and developing linkages between Chinese and Pakistan business sectors, Head External Relations Department Smeda Sheharyar Tahir said.

Huang, Director Planning Zhimakaimen Economic and Trading Industrial Zone Management Company said the Chinese group is involved in building large business hubs in major cities of China and has planned to build shopping complexes for countries that are along the traditional Silk Road route.

APBF President Ibrahim Qureshi said Pakistani businessmen are keen to develop their businesses in China, but face numerous challenges, which can be addressed through the support of Smeda.

The Chinese side highlighted that there is a huge demand for Pakistani products in China and special packages will be offered to Pakistani businesses, inclusive of free value added services to ensure business establishment is facilitated in China.

Dr Naeem Rauf, General Manager-Central Support and Muhammad Alamgir Chaudhry, General Manager-Outreach of Smeda were present.