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China’s CZK Huarui Group to invest in Pakistan’s AI, tech & agriculture

China's CZK Huarui Group to invest in Pakistan's AI
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June 09, 2024 (MLN): Pakistan entered into negotiations with China's 60-year-old CZK Huarui Group on Saturday, in which high-ups of China business group decided to invest in Pakistan in Artificial Intelligence, Science & Technology, Modern Agriculture, Healthcare, Logistics, Infrastructure while expertise will be made in supply chain market sectors.

It was also on the main agenda to enhance E Commerce in Pakistan through cooperation of China which is the dire need of the hour.

Federal Minister of Investment Board Abdul Aleem Khan assured the Chinese Authorities of providing a favorable and congenial environment in Pakistan and said that as neighbors’ trade relations like China and Pakistan are of great importance in the region which has positive effects on both countries.

Chinese group Chairman Liu Yafie, General Manager Sophia Lee, Davi Dong, Chen Wenlong and Shi Jie assured the Pakistani delegation that their group will play a major role in increasing import and export goods in Pakistan as well as bilateral collaboration in Industry Academia Research and Asset Management will also be focused.

In the meeting Federal Minister for Commerce Jam Kamal Khan assured the Chinese Authorities of full cooperation in trade terms and appreciated the interest of the Chinese Authorities in investing at big scale in Pakistan.

Meanwhile, the delegation of Tangshan Donghua Iron and Steel Group from Beijing also held a meeting with the Federal Minister of Investment Board, Communications and Privatization Abdul Aleem Khan and discussed with him the investment opportunities in various sectors.

Pakistan Steel Mills and field of Iron came under discussion in this meeting. Senior Advisor to Chairman Donghua Group Ms. Luo Shu briefed Federal Minister Abdul Aleem Khan on the possibilities of investment in Pakistan by her organization and discussed bilateral trade issues.

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Posted on: 2024-06-09T13:05:57+05:00