Karachi, 10 August 2024 (TDI): Prime Minister Shehbaz Sharif, emphasizing the transformation of friendly relations between Pakistan and China into enhanced investment, economic and trade ties, said that the next phase of CPEC will mainly involve business to business arrangements, especially in industrial sector.
He expressed the views while addressing the representatives of foreign companies doing business in Pakistan. Governor and Chief Minister of Sindh, Federal Ministers, notable businessmen and senior officers were also present on this occasion.
The PM said that Pakistan and China are two iron brothers and now we have to convert these ties of brotherhood and friendship into enhanced investment, trade and economic relations, especially in the fields of agriculture, mines, minerals, information technology, and infrastructure.
Being an agrarian economy with over 60 percent rural population, Pakistan need to further strengthen and augment its agricultural produce, the premier said and informed that Pakistani agricultural exports went up by 3 billion dollars in the last financial year. The government has fixed a target of additional 7 billon dollars for the current fiscal year, he added.
Terming it as a quantum leap that needed vigorous efforts along with adoption of modern techniques, technology, and best practices, the premier said that China could be our best partner in achieving this target of boosting agricultural exports and value addition in exports.
Youth Program
Referring to his recent trip of China, he said that fascinated by wonderful technology and educational culture in Chinese educational institutions, he decided to send 1000 Pakistani youth for advance training in China in Agriculture. That program was almost finalized and now these students would go to China for refresher courses, he added.
Also Read More: Pakistan and China reaffirms commitment to CPEC
Encouraging the Chinese businessmen to enter into business cooperation agreement with Pakistani counterparts, PM Shehbaz said that next phase of the China-Pakistan Economic Corridor (CPEC) will mainly consist of business-to-business arrangements and joint ventures in industry, especially in textile, agriculture production and then export of these products to different countries.
