“There is a huge potential for cooperation between China and Pakistan in the rose industry,” highlighted Naeem Iqbal Cheema, Political Counsellor at the Embassy of Pakistan, Beijing, at the 2023 Rose products Expo held in Pingyin county, China, Gwadar Pro reported on Saturday.
At the opening ceremony of the expo, the “Belt and Road Initiative” rose industry consortium was officially established. Wang Zihai, Honorable Investment Counsellor of Pakistan, was invited as a global partner of Pingyin Rose.
Pakistan is one of the world’s high-quality rose producing areas, he underlined that “we expect this consortium to serve as a carrier to further promote the bilateral and multilateral economic, trade, cultural and personnel exchanges between the two countries.”
Wang added that productive clusters of Pakistani roses have been established along the Belt and Road, which is encouraging to lower costs. Taking the Pattoki rose cluster, for example, the gross revenues before flower cluster development are estimated to be $24.21 million per year. Cluster development investments are expected to generate revenues from the 2nd year of the program resulting in an additional gross revenues of $2.96 million in the 2nd year and $13.25 million in the 5th year, according to Cluster Development Based Agriculture Transformation Plan Vision-2025.
Fresh Pakistani rose petals are normally used for ceremonial and decorative purposes, while dried petals and potted plants are mainly exported to Gulf countries.
Read more at dailytimes.com.pk