He noted that the global supply chain is rapidly undergoing digital transformation to support innovation and sustainable development. In this context, both Pakistan and China share the responsibility to contribute actively to these advancements.
As reported by China Economic Net (CEN), Shariq emphasized the need for robust localized financial services to minimize disputes between traders. This, he said, is essential for both major corporations and small startups aiming to thrive in cross-border trade.
He stressed that the global supply chain must follow a path of diversification, which is not only vital for industrial powers like China but also for all Belt and Road Initiative participants—including Pakistan, which is co-developing the China-Pakistan Economic Corridor (CPEC).
Shariq further highlighted the importance of improved financing mechanisms and the adoption of a unified framework for supply chain optimization. He explained that such mechanisms would ensure smoother capital flows, reduce dependence on single financing routes, and enable more effective financial strategies.
He added that a unified framework would help harmonize standards and promote smoother communication across different cultural and business practices—forming the foundation for building a globally integrated supply chain network.
These combined efforts, according to Shariq, would help nations create a more efficient, resilient, and equitable global supply chain.
Discussing China-Pakistan financial integration, he outlined NBP’s contributions to enhancing connectivity between the two countries and the broader international market. He shared that NBP, with branches in 80 countries, entered the Chinese market in 1981 by opening its Beijing office.
Since then, the bank has been actively supporting Chinese companies operating in Pakistan across various sectors such as energy, agriculture, digital technology, and e-commerce. Shariq emphasized that for small and medium-sized enterprises, financial liquidity remains critical in facilitating cross-border business operations.
He concluded by noting that a stable and well-functioning supply chain ecosystem is essential for promoting deeper cross-border cooperation between Pakistan and China.
