Pakistan, China Firms Sign Deals Worth $7b
Shehbaz Sharif said Pakistan wants Chinese expertise and investment, citing plans to boost agricultural exports by $10 billion over five to seven years.
- On Sunday, Prime Minister Muhammad Shehbaz Sharif addressed the Pakistan-China B2B Investment Conference in Hangzhou, seeking expertise and investment rather than aid while inviting Chinese companies to establish operations in Pakistan's Karachi special economic zone.
- Marking the 75th anniversary of Pakistan-China diplomatic relations, Sharif's four-day visit includes high-level meetings with Chinese President Xi Jinping and Prime Minister Li Qiang to strengthen the All-Weather Strategic Cooperative Partnership and advance CPEC Phase-II cooperation.
- Spanning more than 6,000 acres, the Karachi zone features modern infrastructure and one-window operations; Sharif offered long-term lease facilities at attractive terms and assured Chinese investors of "red-carpet treatment" with plans to replicate similar zones elsewhere.
- Pakistani and Chinese companies signed $1.22 billion in agreements during the conference, including a $1.12 billion fertiliser production deal between Haolu Engineering and Technology Company and Fauji Fertilizer, plus Alibaba's $3 million fintech investment.
- More than 200 MoUs worth over $20 billion have been signed across five Pakistan-China business conferences, with 30% converted to formal agreements; Pakistan targets a $10 billion increase in agricultural exports to China within five to seven years.
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Prime Minister Shehbaz Sharif reached Beijing on Sunday, where he would have “high-level engagements” with the Chinese leadership, including President Xi Jinping and his counterpart, Li Qiang. PM Shehbaz landed in Hangzhou on Saturday, kicking off his four-day official visit to China. He addressed the Pakistan-China Business-to-Business Investment Conference in Hangzhou earlier today, following which he reached Beijing, where he was received by …
Pakistan, China firms sign deals worth $7b
Pakistani and Chinese companies signed agreements and memorandums of understanding (MoUs) worth more than $7 billion during a series of high-level engagements led by Prime Minister Shehbaz Sharif in the Chinese city of Hangzhou on Sunday, as Islamabad sought to deepen technological and industrial cooperation with Beijing. The agreements were signed during the Pakistan-China Business-to-Business Investment Conference Pakistan, China, Page 6 Pak…
PM Shehbaz reaches Beijing for 'high-level' talks with Chinese leadership
PM Shehbaz to meet Chinese president, premier during Beijing stay.PM addresses Pakistan-China B2B Investment Conference in Hangzhou.PM also visits Alibaba Headquarters, oversees signing of MoUs.Prime Minister Shehbaz Sharif arrived in...
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