ISLAMABAD: In a significant move to enhance bilateral trade and investment, Pakistan and China have signed 32 memorandums of understanding (MoUs). The agreements were formalized during Prime Minister Shehbaz Sharif’s visit to China, where he led a delegation of 100 businessmen aiming to explore new avenues for economic collaboration.
An official announcement from the Commerce Ministry on Wednesday highlighted that Minister for Board of Investment Aleem Khan and Minister of Commerce Jam Kamal engaged with CEOs of major Chinese enterprises.
Aleem Khan emphasized that this visit presents an excellent opportunity for the Pakistani business community to attract Chinese investments, ultimately boosting Pakistan’s exports. He noted that the conference serves as a robust platform for fostering long-term business ties between the two nations.
Khan also remarked that, beyond investment, the MoUs offer China a strategic route to export directly to other countries. He assured that Pakistan will actively encourage Chinese companies to establish business operations within the country. The private sector will be granted full liberty to invest in energy, infrastructure development, farming, engineering construction, and logistics sectors.
Story by Mubarak Zeb Khan
