ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif expressed appreciation for Chinese investment in Pakistan, noting significant bilateral business agreements between companies from both countries during his recent visit to China.
He made these remarks while meeting with a delegation from Hengeng Trading Company, led by Chairman Zhang Bin. The meeting, attended by Minister for Economic Affairs Ahad Khan Cheema, Minister for National Food Security and Research Rana Tanvir Hussain, Minister of State for Finance Ali Pervaiz Malik, and other senior officials, was stated by the PM Office Media Wing in a press release.
Prime Minister Shehbaz Sharif emphasized Pakistan’s interest in benefiting from Chinese expertise in the agriculture sector. He directed the Gwadar Port Authority to ensure comprehensive support for Chinese companies and to ensure uninterrupted utility supplies at the Gwadar Free Zone.
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During the briefing, it was highlighted that Hengeng Trading Company is investing in various sectors of Pakistan, including agriculture, livestock, and pharmaceuticals. The company is constructing a state-of-the-art slaughterhouse in Gwadar with an investment of $50 million. This facility is expected to generate $30 million in annual exports from Pakistan’s livestock sector and create 1,000 job opportunities for the local population.
Furthermore, the company is utilizing the Gwadar Free Zone to process pharmaceutical products for export to China.
