34 MoUs signed in various sectors at Shanghai Conference: Sharjeel Memon

KARACHI: Sindh Senior Minister and Provincial Minister for Information, Transport and Mass Transit, Sharjeel Inam Memon, has said that a large number of investors from Pakistan and China participated in the investment conference held in Shanghai by the Government of Sindh.

During the conference, investment opportunities in Sindh were highlighted, and a total of 34 memorandums of understanding (MoUs) were signed in various sectors, including 10 agreements at the government-to-government (G2G) level and 24 agreements between business entities at the business-to-business (B2B) level.

In a video statement, Senior Minister Sharjeel Inam Memon said that during the conference, MoUs were signed in various sectors to promote Pakistan-China business cooperation, including energy, coal, universities, and other important sectors. He said Pakistan-China friendship holds immense importance for Pakistan and the entire region, while economic cooperation between the two countries can play an important role in improving the economy and creating new opportunities for development.

Senior Minister Sharjeel Inam Memon said the Dhabeji Special Economic Zone, which is part of the China-Pakistan Economic Corridor (CPEC), offers important opportunities for Chinese investment, and Chinese investors have expressed interest in investing in the zone and establishing industrial units there.

He said industrial activities in Sindh would be promoted and new employment opportunities would be created. The establishment of industries would help reduce unemployment, strengthen the local economy, and reduce dependence on imports.

Sharjeel said the Government of Sindh is striving to promote industrial development in the province through the promotion of investment and business partnerships. “Progress made in various sectors has created prospects for further strengthening Pakistan-China economic relations.” He said the benefits of the conference would reach the public soon and that investment would lead to an increase in economic activities and employment opportunities across the province.