Karachi, Pakistan – Web Desk: Pakistan and China have strengthened their economic partnership with the signing of Memorandums of Understanding (MoUs) worth over $13 billion, according to Pakistan’s ambassador to China, Khalil Hashmi.
Speaking at a Karachi Chamber of Commerce event during a visit by a 70-member high-level delegation from China’s IBI Group, Hashmi said that over 300 MoUs and more than 30 joint venture agreements have been signed in the past two years.
He said these agreements span multiple sectors, including industry, technology, energy, and investment cooperation.
According to the ambassador, Pakistan has developed a structured system to convert MoUs into actionable business agreements. He noted that around 30% of MoUs are now being converted into formal contracts, reflecting improved implementation mechanisms.
During the event, the Karachi Chamber of Commerce and IBI Group signed a strategic partnership agreement to promote digital economy initiatives and industrial development. The agreement was signed by KCCI President Rehan Hanif and IBI Group Director Liu Jun Zhai.
Hashmi also revealed that Pakistan is in active discussions with major Chinese battery manufacturer CATL (Contemporary Amperex Technology Co. Limited), which specializes in lithium-ion and sodium-based battery technologies.
He said Pakistan is encouraging the company to invest locally, adding that progress is expected during the upcoming visit of Pakistan’s prime minister to China.
Officials noted that global markets are gradually shifting toward sodium-based battery technologies, an area where Pakistan has abundant raw materials, creating potential for early advantage in the sector.
Earlier, a large Chinese business delegation visited the Federation House in Karachi for B2B meetings with Pakistani industry leaders. The delegation included representatives from mining, textiles, chemicals, renewable energy, automotive, IT, food processing, and manufacturing sectors.
The Federation of Pakistan Chambers of Commerce and Industry said the visit could help expand trade and investment ties between the two countries.
Business leaders emphasized the need for value-added exports, industrial cooperation, and technology transfer to boost Pakistan’s export capacity and economic growth.
