The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Thursday said Government must develop an effective strategy to attract Chinese investment in joint ventures in the SME sector which offer low-cost job creation and rapid poverty reduction.
Chinese businessmen can help boost local SMEs through joint ventures in the industrial zones planned along CPEC, it said.
Technological cooperation between businessmen of Pakistan and China can also help and modernise existing SMEs through a transfer of technology, said Chairman FPCCI Regional Committee on Industries Atif Ikram Sheikh.
He said that the development of the proposed industrial zones along the trade route will offer an opportunity for development of the SME sector which is the backbone of the economy.
Atif Ikram Sheikh said that development of the SME sector is necessary for equitable and inclusive economic growth and we must take advantage of the emerging opportunities, he said.