Progress underway on 30 MOUs signed during PM's China visit

June 25, 2024 (MLN): The 30 MOUs on bilateral trade affairs signed between China and Pakistan during the Prime Minister’s recent visit to China are being actively pursued in all respects, Abdul Aleem Khan, the Secretary of the Board of Investment, said on Monday.

A high-level follow-up meeting on the Prime Minister's recent visit to China was held under the Chairmanship of Federal Minister for Board of Investment, Privatization and Communications Abdul Aleem Khan and Minister for Commerce Jam Kamal Khan.

In this meeting the progress was reviewed about Chinese and Pakistani Companies and important aspects were discussed.

Similarly, developments on bilateral trade issues and the status of B2B activities and MOUs were also discussed.

Abdul Aleem Khan clarified that joint ventures between Chinese companies and Pakistani business organizations must be undertaken as soon as possible for which the relevant departments should complete their homework immediately and submit a report subsequently.

Abdul Aleem Khan further said that other Chinese companies that have not yet signed MOUs should also be contacted by Pakistani companies to make the visit to China more fruitful.

Federal Minister of Commerce Jam Kamal Khan said that the Pakistani Embassy in Chinese should conduct purposeful meetings with both countries' business groups to expand bilateral trade affairs.

In the meeting, the Trade Officers of the Pakistani Embassy from Beijing, Shanghai, Shenzhen and Guangzhou briefed the high-level meeting on the progress made so far.

Officers from various Ministries including Petroleum, Health, Industry, Information, Power Division and Information Technology also attended the meeting and presented their reports regarding PM’s recent visit to China.

Meanwhile, Federal Minister of Investment Board, Privatization and Communications Abdul Aleem Khan was called on by the delegation of the American Business Council. Chief Economic Counsellor of America, John Letvin, was leading this delegation.

Abdul Aleem Khan said that business activities are always welcome and will fully be supported especially on the platform of the American Business Council.

Abdul Aleem Khan said that to deal with the challenges faced by the country's economy, equal business opportunities should be provided which will encourage such policies that increase business volume.

Abdul Aleem Khan further said that whatever policy is in the interest of the nation and country, he will fully support it.

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