ISLAMABAD: Pakistan and China have signed 32 memorandums of understanding (MoUs) to promote trade and investment between the two countries.

The MoUs were signed during Prime Minister Shehbaz Sharif’s visit to China. He is leading a team of 100 businessmen to explore the potential for promoting bilateral trade and investment.

An official announcement of the Commerce Ministry released on Wednesday said that Minister for Board of Investment Aleem Khan and Minister of Commerce Jam Kamal met with the CEOs of major Chinese enterprises.

Aleem said that this is the best opportunity for the Pakistani business community to tap their Chinese companions to invest there, which will ultimately increase exports. He indicated that this conference has provided the best platform for both sides’ connectivity, which will last in long-term business ties.

He further said that apart from investment, it will also be an opportunity for China to export directly to other countries. The minister said that Pakistan will fully encourage Chinese companies to set up business activities in Pakistan.

The private sector will be given complete freedom to invest in the energy, infrastructure development, farming, engineering construction, and logistics sectors, he added.

Published in Dawn, June 6th, 2024

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Trump 2.0
Updated 07 Nov, 2024

Trump 2.0

It remains to be seen how his promises to bring ‘peace’ to Middle East reconcile with his blatantly pro-Israel bias.
Fait accompli
07 Nov, 2024

Fait accompli

A SLEW of secretively conceived and hastily enacted legislation has achieved its intended result: the powers of the...
IPP contracts
07 Nov, 2024

IPP contracts

THE government expects the ongoing ‘negotiations’ with power producers aimed at revising the terms of sovereign...
Rushed legislation
Updated 06 Nov, 2024

Rushed legislation

For all its stress on "supremacy of parliament", the ruling coalition has wasted no opportunity to reiterate where its allegiances truly lie.
Jail reform policy
06 Nov, 2024

Jail reform policy

THE state is making a fresh attempt to improve conditions in Pakistan’s penitentiaries by developing a national...
BISP overhaul
06 Nov, 2024

BISP overhaul

IT has emerged that the spouses of over 28,500 Sindh government employees have been illicitly benefiting from BISP....