Small and Medium Enterprise sector should be considered in China-Pakistan Economic Corridor’s contracts

Karachi, July 28, 2016 (PPI-OT): The SME Foundation has demanded of the government to provide opportunities to the local SME sector whenever awarding contracts to various major and small projects in China-Pakistan Economic Corridor (CPEC). In a statement, the Chairman SME Foundation and Chief Executive SME Business Solutions, Wali Ullah Khan said that in order to give level playing field to all, SME Sector should also be given opportunities in constructing and building of $46 billion project that will change the socio-economic scenario of the region. He said that SME sector can play a major role in CPEC as our medium and small industries are keen to participate in the development and prosperity of the two friendly countries and wished its earliest completion.

He urged the government to reframe the Article-II of the CPEC’s Framework Agreement that allowed only the Chinese Companies and workers to be awarded the projects. He said that at least in sub-contracting of the projects, the local firms should be considered. The two projects of the CPEC earmarked for early completion– $2.6bn Karachi-Lahore Motorway and $920 million Karakoram Highway Phase-II – have been included in the current year’s Public Sector Development Programme for their completion in 2017-18 and are purely Pakistani projects included in CPEC, local workers should be considered.

China-Pakistan economic corridor (CPEC) is a mega project taking the bilateral relationship between Pakistan and China to new heights. The project is the beginning of a journey of prosperity of Pakistan and China. The economic corridor is about 3000 kilometres long consisting of highways, railways and pipelines that will connect China’s Xinjiang province to rest of the world through Pakistan’s Gwadar port.

For more information, contact:
SME Business Solutions (Pvt.) Limited
Suit: 401, Al-Fatima Chamber
Opposite Passport Office Saddar,
Karachi-74400, Pakistan
Tel: +92-21-35644961, 35644962, 35644980
Fax: +92-21-35644975