Pakistan can get benefit from relocating Chinese Firms: PCJCCI - Press Release issued by Pakistan China Joint Chamber of Commerce and Industry.

Lahore -- September 14, 2022 (PPI-OT)

Following is the text of press release issued by Pakistan China Joint Chamber of Commerce and Industry (PCJCCI)

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China's decision to relocate part of its manufacturing sector to cost-effective locations should help Pakistan if the country can chalk out a strategy and train its labour according to the industry's needs, stated by Mr. Wang Zihai, President, Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) during a think tank session held at PCJCCI premises yesterday. He further added that China is witnessing an economic transformation, following Europe's model of relocating parts of its manufacturing sector to economically viable places that offer skilled labour at cheap wages.

Mr. Ehsan Choudhry, Senior Vice President PCJCCI said that technical trainings should be provided to labour so that they can take advantage of China's move. Pakistan can make its unemployed manpower effective in the current scenario by providing technical and factual training in industry-related work ambits. He was confident that Pakistan can attract the Chinese manufacturing sector by developing a trained workforce for industries. He termed this phenomenon a great industrial transfer, which has brought in plenty of opportunities. He further added that One-third of Chinese manufacturers for textiles, garments, shoes, and hats had already moved all, or part, of their production...