Chinese industry wants to relocate to Pakistan: Chairman, PBIF

News Image

By MG News | September 25, 2017 at 05:38 PM GMT+05:00

0:00

President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and Former Provincial Minister Mian Zahid Hussain on Monday said thousands of industrial units want to relocate to Pakistan to avoid the high cost of doing business.

The cost of doing business in Pakistan is less than China but the investors feel uncomfortable due to the judicial system, energy crisis, political uncertainty, law and order situation, inconsistent policies, infrastructure weaknesses and tendency to compromise investment for political concerns, he said. In addition, Alternate dispute resolution system is also a barrier to Foreign Investment.

Mian Zahid Hussain said that Pakistan is a natural ally of China and CPEC has pushed economic cooperation to new heights which has encouraged Chinese companies and if the government can address their concerns the process of relocation will start.

Relocation of Chinese units to Pakistan on a massive scale will be making unemployment and budget deficit in our country a history, he added.  

The Business Leader said that presently many Chinese companies are relocating to Bangladesh, Vietnam and other countries but they are not coming to Pakistan despite the cordial ties between two nations.

Pakistan must improve its law and order situation, political environment and its infrastructure to make it acceptable for the Chinese investors which can attract so much of the investment in the country that can outshine CPEC, he claimed.

He said that there is a lot of difference between labor laws of China and Pakistan, therefore, the government can consider framing new laws for the labor that will work in the Chinese companies operating in Pakistan which will encourage investors of the friendly country.

Related News

Name Price/Vol %Chg/NChg
KSE100 129,475.19
92.62M
1.00%
1275.77
ALLSHR 80,570.39
259.97M
0.98%
782.76
KSE30 39,572.35
29.92M
1.20%
467.36
KMI30 188,488.96
27.85M
0.84%
1573.35
KMIALLSHR 54,570.25
111.33M
0.68%
368.37
BKTi 34,242.20
15.22M
2.29%
765.52
OGTi 28,084.80
2.48M
0.44%
122.22
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 106,690.00 106,710.00
105,440.00
940.00
0.89%
BRENT CRUDE 67.19 67.29
67.05
0.08
0.12%
RICHARDS BAY COAL MONTHLY 97.50 97.50
97.50
0.70
0.72%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.49 65.65
65.34
0.04
0.06%
SUGAR #11 WORLD 15.70 16.21
15.55
-0.50
-3.09%

Chart of the Day


Latest News
July 02, 2025 at 10:08 AM GMT+05:00

PSX Opening Bell: Upbeat and Unstoppable


July 02, 2025 at 09:53 AM GMT+05:00

Govt policy shift lowers cost of imported vehicles


July 02, 2025 at 09:22 AM GMT+05:00

Asia markets waver while Singapore stocks soar


July 02, 2025 at 06:01 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg