HomeDiplomatic NewsAmbassadorsPak-China Business Forum boosts trade, signs 32 MOUs

Pak-China Business Forum boosts trade, signs 32 MOUs

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Islamabad, 5 June 2024 (TDI): During the current visit of the Prime Minister of Pakistan to China, the promotion of Pak-China business activities was reviewed in detail.

Federal Minister for Board of Investment Abdul Aleem Khan and Commerce Minister Jam Kamal Khan held meetings with CEOs of major Chinese companies.

Talking in this regard, Federal Minister Abdul Aleem Khan said that as many as 500 companies from China and 100 from Pakistan took part in this Pak-China business forum while 32 MOUs were signed in addition to bilateral negotiations which were held with Chinese companies and remained successful.

Pak-China business forum while 32 MOUs were signed in addition to bilateral negotiations which were held with

Abdul Aleem Khan said that this is the best opportunity for the Pakistani business community to tap their Chinese companions to invest there which will increase exports ultimately. He indicated that this Conference has provided the best platform for both sides’ connectivity which will last in long-term business ties.

Abdul Aleem Khan further said that apart from investment it will also be an opportunity for China for direct export to the other countries as well.

While talking to the business entrepreneurs, Federal Minister for Board of Investment, Privatization and Communications Abdul Aleem Khan said that Pakistan will fully encourage Chinese companies to set up business activities.

The private sector will be given a complete free hand to invest in the Energy, Infrastructure Development, Farming, Engineering Construction, and Logistics sectors.

Federal Minister Abdul Aleem Khan further said that the participation of well-known businessmen from Pakistan in the visit to China is encouraging and soon Pakistan’s sectors of Hotels, Tourism, Culture, Sports Goods, Textile, Decoration Industry and Airport Designing will be the main fields for offering investments.

Abdul Aleem Khan asserted that there is no doubt that Pakistan is full of potential and very rich in natural resources that even today business activities can be promoted on a large scale with a suitable environment. This will also drive the economy and create employment for the youth.

Federal Ministers Abdul Aleem Khan and Jam Kamal Khan held different consultative meetings with important Chinese business groups in which bilateral proposals were discussed and planes were finalized to go ahead.

Also Read: AIIB, Pakistan discuss strategic partnership and development plans

It is mentionable that Pakistan’s Ministry of Commerce, Board of Investment, and National Food Security took part with their Chinese counterparts in holding Business-to-Business activities.

It is noteworthy that Federal Minister of Investment Board Abdul Aleem Khan and Federal Minister of Commerce Jam Kamal Khan spent a busy day on the first leg of this tour where deliberations were held in detail between the two countries.

Moreover, agreements and negotiations were undertaken by holding consultation meetings with important Chinese business groups along with the Pakistani business community.

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