ISLAMABAD: As a result of the agreements and memorandums of understanding (MOUs) reached during Prime Minister Shehbaz Sharif’s visit to China, over 100 Chinese companies are in contact with Pakistani companies for business and investment in Pakistan. This was shared at a meeting chaired by the Prime Minister on Saturday to review the implementation of agreements and MOUs signed during PM Shehbaz’s recent visit to China.
During the meeting, Prime Minister Shehbaz Sharif said a new era of Pakistan-China cooperation in the Information Technology, mining, communication, and energy sectors is taking place.
PM Shehbaz Sharif said that the promotion of Pakistan-China cooperation in these fields will lead to economic development, strengthening of regional ties, and deepening of the relations between the two friendly countries.
The Prime Minister said that no disruption will be tolerated in the implementation of agreements and MoUs signed during his visit to China. He said that he will personally monitor the implementation of these agreements and MoUs.
PM Shehbaz Sharif was also briefed that a delegation of shoemaking companies of China has recently visited Pakistan to shift their manufacturing units to Pakistan.
The meeting was apprised that the Chinese companies have the potential to invest $05 billion to $08 billion in this sector of Pakistan.
Regarding the agriculture sector, PM Shehbaz was apprised that 12 leading companies of China will participate in the Food and Agri Expo to be held in Pakistan this year.
The Prime Minister also reviewed the progress regarding sending 1000 students from Pakistan to China on government scholarships for advanced training in the agriculture sector.
He directed that students from all four provinces including Gilgit-Baltistan and Azad Kashmir should be sent to China on the basis of merit, while students from backward areas of Balochistan should be given special priority in the program.
The Prime Minister instructed to start sending students for modern agricultural training in China from the next academic semester.
The meeting was also briefed about the progress on the technical training of 300,000 students by Huawei, a one-stop operation to facilitate business and Smart Governance and Smart City.
PM Shehbaz was also apprised of the progress made by China on various communication, infrastructure, and electricity projects in Gwadar.
The Prime Minister advised expediting measures for the development of Gwadar Seaport, Gwadar Airport, and Gwadar Industrial Zone to make Gwadar the hub of trade corridor in the region.
PM Shehbaz Sharif also instructed to speed up the negotiations with Chinese solar panels and equipment manufacturing companies to move their factories to Pakistan.
Islamabad: Prime Minister Muhammad Shehbaz Sharif chairs a review meeting on implementation of Agreements and MOUs agreed upon during PM's visit to China.
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