Pakistan and Chinese entities have signed memoranda of understanding (MoUs) worth more than $20 billion, with many of the commitments already progressing into formal agreements and commercial arrangements, Pakistan’s Ambassador to China Khalil Hashmi informed Finance Minister Muhammad Aurangzeb during a meeting on Wednesday.
The ambassador briefed the finance minister on investment facilitation efforts by Pakistan’s Embassy in Beijing, saying a dedicated mechanism has been established to monitor the implementation of the investment commitments.
He added that over 150 Chinese companies are currently being engaged through the embassy’s investment platform.
Chinese investors have shown growing interest in manufacturing, logistics, pharmaceuticals, biotechnology, textiles and industrial services. Nine agreements have recently been concluded in the pharmaceutical and biotechnology sectors, while progress on several industrial manufacturing, logistics infrastructure and export-oriented textile projects was also reviewed.
The meeting discussed ways to strengthen business-to-business collaboration, particularly for small and medium-sized enterprises (SMEs), through partnerships with leading Chinese industrial platforms. Officials also reviewed measures to improve investor facilitation and coordination between Chinese investors and Pakistani businesses.
The ambassador also briefed the finance minister on efforts to align technical and vocational training with upcoming Chinese investments to develop a skilled workforce for new industries.
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