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

Islamabad protest
Updated 20 Nov, 2024

Islamabad protest

As Nov 24 draws nearer, both the PTI and the Islamabad administration must remain wary and keep within the limits of reason and the law.
PIA uncertainty
20 Nov, 2024

PIA uncertainty

THE failed attempt to privatise the national flag carrier late last month has led to a fierce debate around the...
T20 disappointment
20 Nov, 2024

T20 disappointment

AFTER experiencing the historic high of the One-day International series triumph against Australia, Pakistan came...
Tribunals’ failure
Updated 19 Nov, 2024

Tribunals’ failure

With election tribunals having failed to fulfil their purpose, it isn't surprising that Pakistan has not been able to stabilise.
Balochistan MPC
19 Nov, 2024

Balochistan MPC

WHILE immediate threats to law and order must be confronted by security forces, the long-term solution to...
Firm tax measures
19 Nov, 2024

Firm tax measures

FINANCE Minister Muhammad Aurangzeb is ready to employ force to make everyone and every sector in Pakistan pay their...