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China, Pakistan sign 4 MoUs for flood relief, tech cooperation & development

China leads FDI in Pakistan with net inflow of $81.89m in May
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April 24, 2024 (MLN): China and Pakistan on Wednesday signed four Memorandums of Understanding (MoUs) focusing on Flood Rehabilitation, Information and Communication Technologies, Juncao Technology, and China-Pakistan Development Cooperation Planning (2024-2028).

These MoUs also include the establishment of a First Aid Centre in Balochistan and the Protocol on Cooperation in Human Resources Development under the Global Development Initiative.

According to a press statement released yesterday, Prime Minister Muhammad Shehbaz Sharif witnessed the signing ceremony along with a high-level delegation of the Chinese International Development Cooperation Agency (CIDCA), led by its Chairman Luo Zhaohui.

Welcoming the delegation, the Prime Minister said China is Pakistan’s most trusted friend and appreciated China’s steadfast support to Pakistan.

Acknowledging CIDCA’s pivotal role in bolstering Pakistan’s economic development, the Prime Minister specifically commended CIDCA for its vital support during the 2022 floods and for its relief, rehabilitation, and reconstruction efforts in Pakistan.

The Prime Minister underscored that CPEC has contributed to Pakistan’s socio-economic development as well as the progress and prosperity of the peoples of two countries.

He hoped that the II of CPEC would result in more industrial, scientific and green development.

CPEC-II is also an opportunity for the private sectors of both countries to form joint ventures, he added.

Chinese Ambassador in Pakistan Jiang Zaidong also attended the meeting.

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Posted on: 2024-04-24T15:53:20+05:00