LAHORE - As many as 52 memorandums of understanding (MoUs) and trade agreements were signed between Pakistani and Chinese companies to further strengthen Pakistan-China industrial and commercial relations. These MoUs and agreements were inked at the Pakistan-China Business-to-Business Conference held at a local hotel in the presence of Special Assistant to the Prime Minister Haroon Akhtar Khan.
The conference was attended by 105 representatives from 74 Chinese companies and 242 representatives from 136 Pakistani companies. In the home appliances sector, 15 MoUs were signed, bringing the largest investment in this sector to up to $40 million. Similarly, 10 important agreements were reached in the electrical sector, with the largest deal valued at $60 million, according to Gwadar Pro. In the battery storage sector, 27 agreements and MoUs were signed, with the largest investment recorded at $82 million.
Ongoing Negotiations and Future Opportunities
Negotiations are also ongoing on 40 additional MoUs at the Pakistan-China Business-to-Business Conference, creating new opportunities for industrial cooperation. The commerce minister and a delegation from the National Steel and Engineering Company discussed issues related to the steel and engineering sectors.
Key Sectors and Investments
- Home Appliances: 15 MoUs signed, with the largest investment up to $40 million.
- Electrical Sector: 10 agreements, with the largest deal valued at $60 million.
- Battery Storage: 27 agreements and MoUs, with the largest investment at $82 million.
These agreements are expected to boost bilateral trade and investment, fostering stronger economic ties between Pakistan and China.
