SIALKOT: The Small and Medium Enterprises Development Authority (SMEDA) General Manager Outreach Alamgir Choudhary has said that the authority has devised a strategy for exploiting the potential of the China-Pakistan Economic Corridor (CPEC).
Talking to reporters on Saturday, he said, “We have suggested that cyber cities should be developed in metropolitan areas adjacent to the economic corridor.” He said that CPEC offered immense opportunities of economic growth and the SME sector in both China and Pakistan held a significant share in terms of contribution to GDP, employment and exports. He further told that the SMEDA, in consultation with private sector and other stakeholders, had developed a five-year development plan.
Alamgir said that SMEDA had prepared a detailed report highlighting the investment opportunities for both Pakistan and China under the CPEC. The report prepared by SAMEDA identifies the sectors in which business related investment could be made by Chinese businesses, he added. He revealed that a total of 13 sectors had been identified for investment and development and these sectors had also been addressed in the SMEDA SME Development Plan, which was part of Vision-2025 and also aligned well with the proposed long-term plan of the CPEC.