LAHORE: Pak-China Joint Chamber of Commerce and Industry (PCJCCI) President Shah Faisal Afridi on Wednesday said the concept of Global Cities on the pattern of Shanghai should be established in the four provinces of Pakistan, a statement said.
He said Pakistan is getting entrance in the international markets and becoming a preferred country for foreign investors so there is a dire need to initialize the concept of establishing “Global City” or ‘World City’ in Pakistan, which would eventually bring industrial revolution in the country.
The term involves vigorous participation of cities in the economic activities of the country, Afridi said, adding under the concept of “Global cities”, the cities are empowered and strengthened enough to broaden their manufacturing horizons on their own, they become able to market their outputs and earn capital to finance industrial infrastructure and services. This process of making cities globalized also prevents brain drain and frustration among the youth for not finding jobs appropriate to their qualifications, he said.
In China, the term was used in the 21st Century during the developmental phase of converting Shanghai into an international market hub, he said. “A city developed under this ideology encompasses a highly expanded investment environment that leads to the overall economic and social development of China, he said.
Afridi suggested the government of Pakistan to develop integrated industrial estates and industrial parks in a number of regions across the country by providing special incentives, infrastructure facilities, security and energy. He was confident this idea, if implemented in letter and spirit, would promote a bolstered manufacturing sector in specialized areas, which would allow Pakistan to lessen its reliance on imports and create abundant opportunities for employment.
The Pak-China Joint Chamber of Commerce and Industry president said while globalizing the economies, local cities play important role, as the global capital and global migrants are resided there in metropolises. He said in Pakistan cities famous for specialized products such as Sialkot, Faisalabad, Wazirabad, Gujranwala, Chiniot have great potential to be turned as global cities.
The promotion of cluster marketing through product grading, marking, labeling and branding is of paramount importance, he said, adding, the industrial clusters such as textiles, furniture, cutlery, fruits and vegetables, gems and jewelry, marble and granite and the food processing industry are attractive enough for the foreign investors for their virtual profitability and viability in the global market, he added.
Source: The NEWS