PM fast-tracks $7.5bn China MoUs

June 02, 2026 (MLN): Pakistan-China private sector business engagements have entered a new era of economic partnership, as Prime Minister Muhammad Shehbaz Sharif noted that enhanced industrial, agricultural and technological cooperation with China would boost the country's exports and generate new employment opportunities.

The prime minister made these remarks while chairing a review meeting to assess progress on agreements and MoUs signed during the Pakistan-China Business-to-Business (B2B) conference held in Hangzhou, APP reported.

The meeting was attended by Ministers Rana Tanvir Hussain, Ahsan Iqbal, Ahad Khan Cheema and Shaza Fatima Khawaja, along with senior government officials.

A total of 123 Pakistani and 436 Chinese companies participated in the Hangzhou conference, where 207 MoUs worth approximately $7.54 billion were signed across several key sectors, including battery energy storage systems, artificial intelligence, mobile phones and handheld devices, fertilizers, seeds, modern irrigation equipment, fisheries, food processing, biotechnology and vaccine manufacturing.

The prime minister directed relevant authorities to swiftly convert the signed MoUs into formal agreements and joint ventures, and decided to personally chair monthly review meetings to monitor progress on the conference outcomes.

He also instructed that cooperation between the China Academy of Agricultural Sciences and the Pakistan Agricultural Research Council (PARC) be effectively implemented, saying agricultural research, modern technology and Pakistan-China joint ventures could bring about a revolutionary transformation in the country's agriculture sector.

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