Islamabad, Pakistan – Web Desk: Prime Minister Shehbaz Sharif has directed authorities to expedite the conversion of agreements signed during the recent Pakistan-China Business-to-Business (B2B) Conference in Hangzhou into formal contracts and joint ventures, aiming to accelerate investment and economic cooperation between the two countries.
Chairing a review meeting on the outcomes of his recent visit to China, the prime minister said the growing engagement between the private sectors of Pakistan and China marked the beginning of a new phase in bilateral economic partnership.
He emphasized that enhanced industrial, agricultural and technological cooperation with China would help boost Pakistan’s exports, attract investment and create new employment opportunities.
Officials briefed the meeting that 207 Memorandums of Understanding (MoUs), valued at approximately $7.54 billion, were signed during the Pakistan-China B2B Conference held on May 24 in Hangzhou.
The agreements cover a wide range of sectors, including battery energy storage systems, artificial intelligence (AI), mobile phones, handheld devices, fertilizers, seeds, modern irrigation technologies, fisheries, food processing, biotechnology and vaccine manufacturing.
The prime minister also directed authorities to operationalize cooperation between the Chinese Academy of Agricultural Sciences and the Pakistan Agricultural Research Council (PARC), saying collaboration in agricultural research and technology could transform Pakistan’s farming sector.
According to the briefing, the conference brought together 123 Pakistani companies and 436 Chinese firms, reflecting strong business interest in expanding bilateral trade and investment ties.
Sharif further decided to personally chair monthly review meetings to monitor progress on the implementation of the agreements and investment initiatives.
