President Zardari reaffirms support for Chinese investment, accelerates CPEC 2.0 cooperation

KARACHI: President Asif Ali Zardari on Monday reviewed progress of various Memoranda of Understanding (MoUs) and other cooperation initiatives between the Sindh government and Chinese companies, directing that the agreed projects be advanced expeditiously and any remaining procedural and technical requirements completed at the earliest.

According to a press release, the President said this during a meeting with Chinese delegations of Anhui Nengtong New Energy Technology Co., Ltd. and Luoyang Modern Biology Group here at Chief Minister House.

Facilitated by the China-Pakistan-Africa Economic and Trade Cooperation Promotion Association, the meeting reviewed the implementation status of previously agreed areas of cooperation and discussed steps to advance their execution.

The president was briefed on the progress made on cooperation in areas including electric vehicle charging infrastructure, veterinary biological vaccines, animal identification and traceability, agricultural technology, healthcare, fire safety equipment and other sectors.

The president said the government is fully facilitating Chinese businesses and investors.

He said Pakistan highly values its All-Weather Strategic Cooperative Partnership with China and remains committed to further strengthening economic cooperation under the China-Pakistan Economic Corridor (CPEC), with CPEC 2.0 now underway.

He said Karachi and Hyderabad offer significant potential for the development of EV infrastructure, while the Karachi-Hyderabad M-9 corridor could serve as an important starting point for intercity charging facilities.