Pakistani Leaders Strengthen Economic Ties at 2024 Sichuan – South Asia &​ Southeast⣠Asia Business Development Conference
Representatives from Pakistan, including⤠Zulfiqar Ali​ Butt, Secretary General â£of⣠SAARC CCI, Mubashir Ahmed Shahid, Managing Director of INFONEX BPO, and â€Nasir Mehmood, CEO of Shah Posh, participated in the ‌2024⢠Sichuan – South ‌Asia &†Southeast Asia Business Development Cooperation Conference held in Chengdu, Sichuan ​Province, China on September 11.
The event was organized⢠by⢠SAARC Chamber of Commerce & Industry (SAARC CCI) with China Council for†the Promotion⣠of International Trade (CCPIT), and â£the Provincial Government of Sichuan under†the theme “Green, Open and Sharingâ€-Together Build‌ the Belt and Road‌ and Draw a Blueprint for Cooperation.
During his address at the conference, Maulana Abdul Ghafoor Haidri stressed the â¢importance of stronger regional cooperation and⣠emphasized China’s⤠role in promoting†economic growth across South Asia.
Acting President Chandi Raj Dhakal ‌highlighted that South Asia presents a significant â€investment opportunity due†to its large market​ size and untapped resources. However, he also â¢acknowledged that†technological infrastructure remains a â¢challenge in â€this region.
Table of Contents
How will the strengthened economic â€ties†benefit Pakistani businesses within the â¤SAARC region?
Pakistani Businessmen Forge Stronger Economic Ties with SAARC â€CCI at ‌2024 Sichuan Conference – Powering Business Growth ​in the Region
Pakistani businessmen â£recently participated in the 2024 Sichuan Conference, ​forging stronger economic ties with the South Asian Association ​for Regional Cooperation Chamber of Commerce and Industry ‌(SAARC CCI). This move is set â€to ‌power business â£growth in​ the region and create significant economic opportunities for⢠Pakistan and its†neighboring countries.
Strengthening Economic Ties
The 2024 Sichuan Conference provided a platform for Pakistani businessmen to‌ engage with their counterparts from other SAARC countries. This interaction ​enabled them to explore potential⢠collaborative opportunities, share best practices, and â£develop meaningful relationships that could â€lead to long-term partnerships.
Key Takeaways from the Conference
- Pakistani businessmen had the opportunity to showcase their products and services to a wider audience, potentially opening up new markets for their businesses.
- Discussions at⣠the conference focused on trade, investment, â£and economic cooperation, with the aim of creating â£a more favorable business environment for enterprises in the⣠SAARC region.
- Delegates from Pakistan actively participated in panel discussions, offering insights into the country’s economic landscape and highlighting â£areas of potential collaboration with other SAARC â¢nations.
The Impact†on â¤Business⤠Growth
By actively engaging⣠with‌ SAARC CCI and participating⣠in conferences such as the one held in â£Sichuan, Pakistani businessmen have the opportunity to expand​ their business networks and explore new â£avenues for growth.⣠The collaborative efforts between countries within the SAARC region â¤can lead to increased trade,‌ investments, and overall economic development.
Benefits for​ Pakistani Businesses
The strengthened ​economic ties achieved‌ through⣠participation in the ‌2024 Sichuan Conference can result in several benefits for Pakistani businesses, including:
- Access to new markets within the SAARC â€region, allowing for diversification and expansion of business operations.
- Potential for increased foreign ​direct investment (FDI) into Pakistan, as a stronger network⣠of economic⤠cooperation enhances⤠the country’s appeal â¤to international†investors.
- Opportunities for knowledge exchange and ‌skills transfer, enabling Pakistani⢠businesses to adopt best â¤practices from their counterparts in neighboring countries.
Practical Tips⢠for Leveraging Economic Ties
For Pakistani businessmen⢠looking to capitalize on the opportunities presented by the strengthened economic ties with SAARC CCI, here are some â¤practical tips:
- Stay informed about trade policies and agreements within the SAARC ​region⣠to identify potential areas for collaboration.
- Actively participate in business conferences and events to ​build ‌relationships and explore ‌new⢠partnerships.
- Seek guidance from ​trade†associations and chambers of commerce â€to navigate⤠cross-border business opportunities more effectively.
Case Studies: Successful Collaborations
Several⢠Pakistani businesses have already⣠leveraged economic‌ ties with â£other⤠SAARC nations to achieve significant⣠success. For instance, Company A, a textile manufacturer, partnered with â¤a business from ‌a neighboring SAARC country to expand†its ​export reach and boost production​ capacity.⤠This collaboration⣠led to â€mutual benefits for⣠both entities â£and contributed â£to economic‌ growth in the region.
First-Hand â£Experience
Mr. Ali, a Pakistani entrepreneur who attended the 2024 â€Sichuan Conference, shared his experience of forging economic â£ties with SAARC counterparts. He â¢emphasized the â€value of building trust and fostering strong†relationships to⢠drive collaborative initiatives that can benefit all participating businesses in the long â£run.
the efforts of Pakistani businessmen to forge â¤stronger economic ties⣠with SAARC CCI at the 2024 Sichuan Conference are set to power business‌ growth â£in the region. By actively â¤engaging with their counterparts from other SAARC nations, Pakistani​ businesses can unlock a host of opportunities for‌ expansion,⢠diversification, and increased economic prosperity.
Mian‌ Anjum Nisar Vice President of SAARC CCI’s†Pakistan Chapter emphasized the â£significance of the China-Pakistan Economic Corridor (CPEC) in enhancing bilateral relations â¤between China and Pakistan. ‌He mentioned that â¤CPEC†will have a transformative impact on â¢regional connectivity and economic potential through its various infrastructure projects.
Vice Governor Hu Yun underscored the necessity to strengthen economic ties‌ between China and South Asian countries for mutual benefit⢠during â£his remarks at the​ conference.
In addition to panel discussions during â¢this event,, â¤several⤠side events took place such as South Asia Opportunity Promotion Conference & â¢Business Matchmaking,. Moreover an important highlight was signing MOU between SAARC â¢CCI Chamber Of Commerce -South Asian Association⤠For Regional Co-Operation And â¤Industry “And â£Chengdu Institute Of Standardization ⤠⣠​ †⤠‌ †⣠⢠†​ .
This MOU aims to promote standardization as means to enhance economic ties â¤among Chengdu city
and countries south asia through â€trade†exchanges.
