Pakistani Media: CIFTIS Creates Market Opportunities for Pakistani Businessmen

According to a report on the website of “Pakistan Observer” on September 5, Pakistan has for the first time set up a National Pavilion at the “China International Fair for Trade in Services”.

According to the report, the 2022 Services Trade Fair has seen a boom in business for these Pakistani traders.  "How about this necklace? It's even more beautiful than the previous one.  Yes, they all come from Pakistan! Great quality!" A Chinese buyer stands in front of a Pakistani jewellery stall, video calling with his wife and taking pictures on his mobile phone of the glittering gems on the stand.

According to reports, Pakistani jeweler Akil Ahmed Chowdhury said:  "This is my first time to attend the Service Trade Fair.  We want to know more about the Beijing market." The company's brand first entered China in Shanghai, and now it is targeting Beijing next.

Pakistani enterprises look for development opportunities at Service Trade Fair  (Xinhua News Agency)

Mohammad Kamil Khan, CEO of another Pakistani company, said his company had participated in the trade fair for two years in a row and their booth, which showcased high-end Pakistani handicrafts, was much larger than last year.  "Our design is specifically tailored to Chinese customers and they love it" he said.

Similarly, Mr Chaudhry, who has lived in China for more than 10 years, knows his way around doing business in China.  "We are working with e-commerce giants in China.  Digital payments are the future of payments in China." he said.  

"There are many countries coming to this trade fair to showcase their most influential products and services," Chaudhury said.  It's a good opportunity to explore more in the Chinese market."

According to a report on the website of Pakistan's "Nation" on September 5, China’s Royal Group and Pakistan’s JW Group signed a memorandum of understanding (MOU) to strengthen cooperation in the buffalo business between the two countries. This is the side event of the 2022 China Service Trade Fair.  According to the memorandum of understanding, the two companies will deepen cooperation on projects related to the construction of buffalo farms and deep processing of buffalo dairy products.

Teng Cuijin, General manager of Huangshi Saier Biotechnology Co., LTD., said: "Royal Group and JW Group will jointly invest $100 million in Pakistan to develop the buffalo breeding and processing industry of buffalo milk and meat products in Pakistan, build several modern large-scale buffalo disease-free pastures, dairy processing plants and slaughterhouses, and jointly promote and sell buffalo milk and meat products produced in Pakistan to ASEAN countries and the Middle East region."

She pointed out:  "We will train local talent, improve local agricultural techniques and promote the development of local industries in Pakistan".  Meanwhile, the introduction of high-quality germplasm resources from Pakistan will promote the development and upgrading of China's dairy industry."