ITANZ secures strategic tech MoUs during PM's China visit
MG News | May 29, 2026 at 04:35 PM GMT+05:00
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.
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