BEIJING: In a remarkable display of partnership and economic cooperation, a China-Pakistan cooperation project of two hundred enterprises took center stage at the China-Pakistan Technology and Innovation Conference held at the China International Fair for Trade in Services (CIFTIS).
Plaques were distributed to commemorate the milestones of this initiative. The event, which took place in Beijing, highlighted the determination of both nations to improve economic connectivity and promote development.
Khan Muhammad, the scientific adviser at the Pakistani embassy in Beijing, told China Economic Net that the Double Hundred Enterprises Cooperation project is an important bilateral commitment between China and Pakistan aimed at promoting economic growth, trade, and investment. The project aims to support collaboration between two hundred start-ups from each country across various IT sectors, including IoT, cloud technologies, and more.
He further said that the cooperation project between China and Pakistan was prominent, with a special ceremony dedicated to the distribution of plaques that recognized the outstanding contribution of these enterprises. This gesture not only celebrated the achievements of the project but also underlined the strong and enduring friendship between the two nations.
“This massive infrastructure project under CPEC has significantly improved connectivity between the two nations and is expected to spur trade and investment along its route,” he added.
Khan said 100 Pakistani IT start-ups will set up offices here and 100 Chinese businesses will set up offices in Pakistan.
Hamza Saeed, Director, Special Technology Zones Authority (STZA), Pakistan, said the project will help knowledge exchange and facilitate technology transfer to enable the development of Special Technology Zones across Pakistan.
