AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad: Prime Minister Shehbaz Sharif announced a significant increase in Chinese investments aimed at relocating several industries to Pakistan, which he believes will boost the economy, create new jobs, and elevate exports. The announcement came during a meeting held on Saturday to assess progress on agreements reached during his recent visit to China.
According to Ministry of Information and Broadcasting, the Prime Minister emphasized that no delays would be tolerated in implementing the memorandums of understanding related to cooperation between Pakistan and China. He underscored the deep-rooted friendship and the continuous support from China during Pakistan’s times of need, noting that the Chinese leadership is committed to intensifying its investment efforts in Pakistan.
A detailed road map for the transfer of Chinese industries to Pakistan was outlined during the meeting. This strategy includes forming partnerships with Chinese firms to shift key sectors such as textiles, plastics, leather, and medical and surgical equipment manufacturing to Pakistan. The Board of Investment presented a progress report showing that seventy-eight Pakistani companies have expressed interest in collaborating with Chinese counterparts.
Prime Minister Sharif expressed his approval of the Board of Investment’s recommendations and steps taken thus far. He instructed relevant authorities to ensure that Pakistani companies receive full support in their collaborations with Chinese enterprises.
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