Prime Minister directs swift implementation of China-Pakistan industrial agreements

Prime Minister Shehbaz Sharif received a detailed roadmap for the relocation of Chinese industries to Pakistan on Saturday.

During a review meeting to assess the progress of Pakistan-China cooperation agreements following his visit to China, the Prime Minister was briefed on the planned collaboration with Chinese companies.

This collaboration aims to transfer Chinese textile, medical and surgical equipment, and plastic and leather industries to Pakistan.

It was noted that 78 Pakistani companies have initially expressed interest in this industrial transfer.

Facilitating Chinese industry relocation

The Board of Investment (BOI) presented a comprehensive report detailing the progress and action plan for this initiative. Prime Minister Sharif directed relevant institutions and officials to ensure all necessary facilities are provided to Pakistani companies collaborating with Chinese firms.

He emphasised that any delays in implementing the memorandums of understanding with China would not be tolerated. The Prime Minister highlighted China’s steadfast support during challenging times and noted the Chinese leadership’s commitment to increasing investment in Pakistan.

Sharif underscored that the relocation of Chinese industries to Pakistan would bolster the national economy, create new job opportunities, and enhance exports.

During the meeting, the Prime Minister was also briefed on various projects. The Minister for Planning shared details of his recent visit to China. It was reported that the Sukkur-Hyderabad Motorway would be completed through a Public-Private Partnership.

Additionally, a plan to send 1,000 students to China for modern agricultural vocational training at government expense has been finalised, with the first batch scheduled to depart at the start of the academic year.

Subsequent batches will attend modern agricultural universities in China after completing Chinese language courses in Pakistan.

The meeting was also informed about plans to convert power plants from imported coal to local coal. Moreover, a roadshow is being organised in Beijing to promote business and investment opportunities in Pakistan, in collaboration with Chinese partners.