Beijing, 26 October 2023 (TDI): Pakistan’s Chairman Senate, Muhammad Sadiq Sanjrani, led a high-level delegation on a productive visit to the China International Development Cooperation Agency (CIDCA) headquarters in Beijing, on October 25.
The delegation engaged in extensive discussions with CIDCA Chairman Luo Zhaohui, aiming to strengthen the bilateral ties and foster cooperation between Pakistan and China.
Chairman Senate expressed his gratitude for China’s unwavering support in Pakistan’s developmental endeavors and acknowledged the valuable contributions made by CIDCA in promoting development projects in Pakistan.
These talks mostly focused on Pakistan’s many development programs, with parliamentary development receiving special attention.
Additionally, he emphasized Pakistan’s commitment to bolstering its parliamentary system and the crucial role the Parliament plays in determining national policy.
Throughout the conference, participants reiterated the agreement to strengthen Pakistan’s parliamentary system.
Both parties investigated the important possibilities of working together to build the International Parliamentarians Congress (IPC) building in Islamabad.
In addition, they expressed their eagerness for this progressive project and agreed to carry on discussions to solidify the plans further.
TGOOD will lead the development of hydrogen fueling infrastructure in Pakistan in addition to electric car technology.
Furthermore, the joint venture is ready to explore prospects for exporting goods made in Pakistan to other regions.
The main goal of the joint venture is to resolve the catch-22 that has impeded Pakistan’s switch to alternate energy.
MOU signing ceremony
Chairman Senate along with the Pakistani delegation, witnessed a Memorandum of Understanding (MOU) signing ceremony between TGOOD, leading Chinese company, and the ReC Group of Pakistan in Beijing.
The result of this cooperation is a strategic partnership agreement that aims to transfer technology in several areas and is in line with President Xi’s sustainable green development plan from the 3rd BRI.
Moreover, the collaboration covers topics like electric vehicle (EV) manufacturing, hydrogen filling station infrastructure, battery production and recycling methods, and the development of EV charging infrastructure.
Pakistan’s urgent demands for fuel security, a better trade deficit, current account surplus, and a significant decrease in pollution levels provide the context for this revolutionary cooperation.
However, Pakistan faces a challenging dilemma: the scarcity of such cars primarily stems from limited investments in such infrastructure, and the insufficient number of charging stations hinders the adoption of alternative fuel vehicles.
Also Read: Chairman Senate commends BRI’s role to uplift economy
REC Group’s integrators are supporting TGOOD in its expansion into Pakistan through a robust Strategic Partnership Framework Agreement that encompasses full technology transfer.
The cooperation aims to address these issues and promote the establishment of an environmentally friendly and sustainable transportation ecosystem in Pakistan.
This will be achieved through strategic investments in electric vehicle (EV) components, recharging stations, and export-driven growth.
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