ISLAMABAD – In a significant development aimed at bolstering economic ties, the Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan, held a high-level meeting with a Chinese delegation on Tuesday. The discussions centered on exploring opportunities to enhance bilateral economic cooperation, with a particular emphasis on key sectors such as exports, manufacturing, mining, minerals, and national industrial policies.
Key Attendees and Focus Areas
The meeting was attended by prominent figures including Minister Counsellor Mr. Yang Guangyuan, Ms. Vera Luo from the China Chamber of Commerce in Pakistan, the Prime Minister’s Coordinator for China, Zafar Uddin, and Secretary Industries and Production, Saif Anjum. During the deliberations, both sides exchanged views on strategies to increase Pakistan’s exports, strengthen the manufacturing sector, and unlock the vast potential of mining, minerals, and gemstones through effective policies and timely implementation.
Government Initiatives and Vision
SAPM Haroon Akhtar Khan highlighted that under the leadership of Prime Minister Muhammad Shehbaz Sharif, Pakistan is steadily progressing towards an industrial revolution. He underscored that a comprehensive National Industrial Policy has been prepared in alignment with the Prime Minister’s vision to revive industrial growth and boost exports. Khan emphasized that investment in gemstones and minerals is a key government priority, noting that these sectors have the potential to earn billions of dollars for Pakistan.
Commitment to Chinese Investors
Further, Khan shared that the Prime Minister has issued clear directives to provide all possible facilities and incentives to Chinese investors. He informed the delegation that all agreements and Memorandums of Understanding (MoUs) signed during the Prime Minister’s recent visit to China are being implemented effectively. Dedicated committees have been formed to ensure proper follow-up and timely execution of these agreements, demonstrating Pakistan’s commitment to fostering strong economic partnerships.
Chinese Delegation’s Perspective
The Chinese delegation acknowledged Pakistan’s rich natural resources and immense potential across various sectors. They noted that by promoting manufacturing and ensuring effective policies and implementation, Pakistan can significantly enhance its export capacity. This recognition underscores the mutual benefits of deepening economic cooperation between the two nations.
Government Efforts to Support Industry
SAPM Haroon Akhtar Khan also stated that the government is working round the clock to reduce utility costs for the manufacturing sector, aiming to improve competitiveness. He added that under the lease policy, 6,000 acres of land are being offered to investors to facilitate industrial development. Khan reaffirmed that the Ministry of Industries and Production is actively engaged in reviving production and strengthening the manufacturing base.
Role of Special Investment Facilitation Council
Calling it the best time for global investors to invest in Pakistan, Khan highlighted the role of the Special Investment Facilitation Council (SIFC) in restoring investor confidence. This initiative is part of broader efforts to create a conducive environment for foreign investment and economic growth.
Conclusion and Future Prospects
The meeting concluded with a shared commitment to further strengthen Pakistan–China economic and industrial cooperation for mutual benefit. This dialogue marks a positive step towards leveraging bilateral ties to drive sustainable development and prosperity in both countries.
