Islamabad (HRNW)- Pakistan and China have taken another major step toward strengthening bilateral industrial and trade ties, as several Memorandums of Understanding (MoUs) and trade agreements were signed between companies from both countries during the Pak-China Business to Business Conference held in Islamabad.
According to an APP report, the agreements were finalized following successful matchmaking sessions at a local hotel, where key MoUs and trade deals were signed in the presence of Special Assistant to the Prime Minister Haroon Akhtar Khan.
The conference saw participation from 105 representatives of 74 Chinese companies and 242 representatives of 136 Pakistani companies, highlighting strong business interest from both sides.
Officials stated that 15 MoUs were signed in the household electrical appliances sector, with the largest single investment reaching $40 million. In addition, 10 major agreements were signed in the electrical sector, including the largest deal valued at $60 million.
The battery storage sector emerged as a major area of cooperation, where 27 agreements and MoUs were signed, with the largest investment recorded at $82 million. Furthermore, discussions on another 40 MoUs are currently underway, signaling expanding industrial collaboration between the two countries.
Speaking at the event, Haroon Akhtar Khan said that under the leadership of Prime Minister Shehbaz Sharif, Pakistan is moving steadily toward economic stability and industrial growth, while the government remains committed to boosting exports and encouraging investment.
He added that Pakistan-China economic cooperation continues to serve as a key pillar of prosperity for both nations, and the latest agreements have opened new opportunities for joint ventures and long-term industrial development.
Support independent journalism and HRNW’s public-interest reporting by donating here:
HRNW Donation Page
