Banker fears flow of Chinese goods on Silk Road in Pakistan

Pak may be unprepared for a rush of wares from its larger neighbour that it can't compete against

As Pakistan opens itself to China’s Silk Road plan and billions of dollars worth of investment projects, the head of the bank owned by the Abu Dhabi Group is warning of an influx of cheap goods that may leave millions in the South Asian nation jobless.

While the Chinese investments and loans worth more than $46 billion will bring new industrial activity and a need for services, Pakistan may be unprepared for a rush of wares from its larger neighbor that it can’t compete against, said Atif Bajwa, chief executive at Bank Alfalah, the country’s sixth-largest lender.

The administration of Pakistan’s prime