Pakistan, China sign MoUs to boost economic cooperation

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(Web Desk): President Asif Ali Zardari on Friday witnessed the signing of three Memorandums of Understanding (MoUs) between Pakistani and Chinese enterprises to expand cooperation in different sectors.

At Urumqi, the first MoU was signed between Loyang Modern Biotechnologies and the Government of Sindh, represented by Minister Nasir Shah. It focuses on modernising Pakistan’s livestock industry.

The second MoU was signed between Beijing Asian Africa Longyue and ASM Services. It relates to the promotion and construction of a modern textile industrial park in Pakistan.

The third MoU was signed between Sichuan Chuanxiao Fire Trucks Manufacturing Company and ASM Services. It sets out a framework for cooperation in supply, distribution, sales, and after-sale services of fire trucks and advanced emergency equipment for Pakistan.

Speaking on the occasion, President Asif Ali Zardari said these MoUs would open new avenues of cooperation between Pakistan and China in sectors that directly support Pakistan’s economic growth and public welfare.

He noted that modernising the livestock industry would help improve food security and create job opportunities in rural areas, the textile park will boost industrial development and exports, while the partnership on fire trucks and emergency equipment will strengthen Pakistan’s capacity to respond to disasters and protect communities.

Senator Saleem Mandviwalla, Pakistan’s Ambassador to China, and Chinese Ambassador to Pakistan were also present.

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