Home Latest News Pak-China cooperation to help boost economic development, regional connectivity: PM
Latest News - July 7, 2024

Pak-China cooperation to help boost economic development, regional connectivity: PM

Prime Minister Muhammad Shehbaz Sharif announced the beginning of a new era of cooperation with China in sectors like information technology, communication, minerals and mining, and energy, emphasizing its potential to enhance economic growth, regional connectivity, and bilateral relations. Chairing a meeting to review the implementation of agreements made during his recent visit to China, he vowed to personally oversee the process and ensure no disruptions. Highlighting the strong Pak-China friendship, he noted China’s unwavering support during tough times and emphasized Pakistan’s potential to emulate China’s development. He also mentioned that Chinese companies are interested in investing billions in Pakistan’s shoe manufacturing and agricultural sectors, with numerous agreements and MoUs fostering business and investment opportunities. The meeting included high-level officials and reviewed progress on various projects, including sending Pakistani students to China for agricultural training, enhancing technical training with Huawei, ensuring the security of Chinese nationals, and developing Gwadar into a regional corridor hub.

Prime Minister Muhammad Shehbaz Sharif on Saturday said that a new era of cooperation with China commenced in areas of information technology, communication, minerals and mining; and energy which would boost economic progress, regional connectivity and the bilateral ties.

Chairing a meeting to review implementation of agreements and MOUs between the two countries reached during PM’s recent visit to China, the prime minister said that he would not tolerate any disruption in the implementation of the same, declaring that he would personally supervise the process.

Referring to time-tested Pak-China friendship, he said that China had always supported Pakistan in difficult and hard times.

“China has emerged as the strongest economic power and Pakistan can emulate its development,” he added.

The prime minister observed that recently a delegation of Chinese shoes manufacturing companies had visited Pakistan with regard to relocation of their plants in Pakistan, adding that such companies had the capacity to invest about 5 to 8 billion dollars in Pakistan, PM Office Media Wing said in a press release.

He said that the local shoes manufacturers association was in constant contact with the Chinese companies in this regard.

Moreover, he said about 12 renowned Chinese companies related to agriculture sector would be taking very active part in the Food and Agri Expo being held in Pakistan.

The meeting was attended by Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar, federal ministers including Jam Kamal Khan, Attaullah Tarar, Abdul Aleem Khan, Sardar Awais Khan Leghari, Dr Musadik Malik, Rana Tanvir Hussain, Muhammad Aurangzeb, Ahsan Iqbal, Minister of State Shaza Fatima Khawaja, PM’s Special Assistant Tariq Fatemi, Deputy Chairman Planning Commission Jahanzaib Khan and relevant authorities.

The prime minister also reviewed progress on sending a total of 1,000 Pakistan students on government scholarships to China for seeking the latest training in the agriculture sector.

He also directed for sending of students from the backward areas of Balochistan province on priority basis, besides other students from the four provinces, Gilgit Baltistan and Azad Kashmir on merit.

The prime minister further directed for sending of students in the upcoming educational semester.

The meeting was apprised that owing to the agreements and MoUs singed during prime minister’s recent visit, more that 100 Chinese companies were in contact with the Pakistani
counterparts for the business and investment purposes.

The meeting was also informed by the ministry of IT on the progress made for imparting of technical training, one-stop operation for business facilitation, smart governance and smart
city by Huawei to a total of 3,00,000 students.

The prime minister directed WAPDA authorities for the establishment of safe center for the foolproof security arrangements of Chinese nationals working on Dasu and Diamer Bhasha dams.

He asked for immediate implementation of all directives. The prime minister was also apprised of the progress on different projects related to communication infrastructure, power and Gwadar.

He directed for expediting work on steps for the development of Gwadar port, airport and industrial zone for transforming Gwadar into a regional corridor hub.

The prime minister also asked for accelerating negotiation process with the Chinese manufacturing companies for relocation of solar panels and its accessories units into Pakistan.

Comments Off on Pak-China cooperation to help boost economic development, regional connectivity: PM

Check Also

Pakistan prepares 41 potential deals for Chinese Premier Li Qiang’s historic visit

Pakistan has rationalised its investment expectations from the Gulf nations under the Spec…