Islamabad (TDI): China is preparing to invest as much as $10 billion in Pakistan following the signing of a series of new investment agreements, according to Federal Minister for Investment Qaiser Ahmed Sheikh.
Speaking in an interview with The Express Tribune on Thursday, Sheikh said Pakistan is increasingly drawing international attention, with foreign investors showing growing confidence in the country’s economic outlook. He revealed that joint venture agreements worth $1.5 billion have already been finalised between Pakistan and China.
Beyond these agreements, China has also signed memorandums of understanding valued at approximately $9 billion, covering key sectors such as agriculture, automobiles, and mineral development. The MoUs point to an expanded phase of bilateral cooperation, particularly in large-scale industrial and resource-based projects.
The minister said a high-level Pakistani trade delegation, consisting of around 300 business leaders, recently visited China with the aim of attracting additional investment and strengthening commercial ties.
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Sheikh also shared details of a major infrastructure proposal linked to the Reko Diq mining project. Under the plan, the project would be connected to Karachi through Chagai via a dedicated railway line and a new highway, easing transportation and trade logistics. He said around $7 million would be secured from international financial institutions to support the development of this economic corridor.
Referring to defense exports, the minister noted that international interest in Pakistan’s fighter aircraft has risen following the success of Operation Bunyan-un-Marsoos, with several countries expected to place orders in the near future.
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According to Sheikh, agriculture and mining are likely to attract the largest share of foreign direct investment in Pakistan in the coming period, as the government focuses on unlocking the country’s untapped economic potential.
