ISLAMABAD:
Shenyang Economic and Technological Development Area (Seda) of China and the Special Technology Zones Authority (STZA) of Pakistan have signed a Letter of Intent (LOI) to boost cooperation in technology sector between the two organisations.
Established in 1988, Seda is a production hub of major biotech and automobile organisations including the BMW Group, Neusoft, Pfizer, NCR and Ikea.
Speaking to a virtual ceremony, Seda’s Director of Management Committee Zhao Yongsheng highlighted the company’s successes, according to a press release issued on Monday.
Seda hosts the largest manufacturing facility of BMW in the world, while 84 Fortune 500 companies from all over the globe are operating in Seda’s hi-tech manufacturing, automotive, research and development areas.
Zhao hailed the strong relationship between China and Pakistan and pledged his organisation’s support and cooperation with the STZA in the areas of innovation, entrepreneurship, human capital development and digital economy through the integration of science, technology and economy.
Speaking on the occasion, STZA Chairman Amer Hashmi stated that due to its rapid growth, Pakistan’s technology sector offered globally competitive opportunities for Chinese partners and investors.
He highlighted that Pakistan had a unique demographic advantage, as almost 64% of its population consisted of youth, and saw great potential in working with Seda through the STZA’s dedicated China Desk to streamline cooperation with...
Read Full Story: https://tribune.com.pk/story/2369046/pakistan-china-aim-to-boost-tech-cooperation
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