Pakistan, China Sign Over $7 Billion Worth of MoUs and Agreements
Addressing the conference, the prime minister invited Chinese investors to expand investment in Pakistan’s key sectors, including agriculture, information technology, special economic zones, mining, and minerals. He emphasized that Pakistan seeks investment, technology transfer, and shared economic growth rather than loans and aid.
Shehbaz Sharif urged Chinese companies to relocate their industries to Pakistan, assuring them of full government support and world-class facilities. He highlighted that the Special Economic Zone in Karachi would provide investors with one-window operations and long-term land leases.
The premier further stated that more than 200 MoUs worth over $20 billion have been signed during five Pakistan-China business conferences so far, with nearly 30 percent already transformed into practical agreements.
The latest agreements are expected to strengthen economic cooperation between Pakistan and China while boosting industrial growth, exports, and employment opportunities in Pakistan.