ITANZ secures strategic tech MoUs during PM's China visit

May 29, 2026 (MLN): iTANZ Technologies Limited (PSX:ITANZ)  signed Memorandums of Understanding (MoUs) with three leading Chinese technology firms during Prime Minister Shehbaz Sharif's official delegation visit to China, targeting collaborative opportunities with an aggregate indicative value of approximately $45 million ($12.5 billion).

Chief Executive Officer Mr. Syed Asim Zafar represented the company in Hangzhou, where the delegation participated in high-level B2B engagements with leading Chinese technology and innovation enterprises.

The MoUs were signed with Zhejiang Xiangyue Group, Suzhou Xuqing Intelligent Technology Co., Ltd., and Shanghai Shuhai ZhiLian Digital Technology Co., Ltd.

The agreements cover collaboration in artificial intelligence, robotics, digital platforms, technology transfer, offshore software services, and joint market development.

The signed MoUs establish a framework for strategic cooperation and identify potential business opportunities, though the indicative value remains subject to definitive agreements, commercial negotiations, due diligence, and applicable regulatory approvals.

The delegation visit, part of efforts to strengthen Pakistan–China economic and strategic cooperation, provided a key platform for advancing cross-border collaboration in technology, investment, and digital transformation.

The aforementioned information was disseminated through a notification to Exchange.

Copyright Mettis Link News