Abdul Aleem Khan lauds Pakistan-China Business Conference

The recent Pakistan-China Business Conference held in Shenzhen has paved the way for a new chapter in economic cooperation between the two nations. The signing of 32 Memoranda of Understanding (MoUs) between Pakistani and Chinese companies across various sectors such as agriculture, IT, and pharmaceuticals signifies a significant milestone in reshaping Islamabad's economic landscape. With active participation from 500 Chinese and 100 Pakistani companies, these agreements hold the promise of boosting investment, infrastructure development, and technological progress in the region.

Pakistan's longstanding partnership with China, exemplified by initiatives like the China-Pakistan Economic Corridor (CPEC), has been instrumental in driving economic and social progress in the country. By strategically positioning itself as an attractive investment destination, Pakistan aims to capitalize on its strong ties with China. The government's efforts to enhance policies and strategies for attracting international investments, particularly from China, underscore its commitment to fostering economic growth and development.

The recent MoU signings present a crucial opportunity for Pakistan to revitalize its economy and achieve sustainable development. Leveraging these agreements to attract investments and stimulate economic growth is paramount for the country's progress. By creating a favorable environment for investors, Pakistan can maximize the benefits of closer collaboration with China.

China's perspective on the upgraded version of CPEC emphasizes the importance of aligning leadership and policies between the two nations for successful project implementation. The Chinese government's 5C framework, focusing on growth corridors, livelihood enhancement, innovation, green initiatives, and open access, highlights the strategic nature of the current phase of CPEC. Plans to integrate this framework with Pakistan's 5E strategy, particularly through the development of special economic zones with Chinese expertise, further solidify the bilateral cooperation.

Minister for Privatisation and Board of Investment Abdul Aleem Khan lauded the recent Pakistan-China Business Conference for its role in strengthening bilateral trade relations. The active involvement of Chinese and Pakistani companies, coupled with the signing of multiple MoUs, is expected to bolster trade ties between the two nations, fostering mutual growth and prosperity.