Prime Minister Shehbaz Sharif wrapped up his visit to China with the signing of agreements and memorandums of understanding (MoUs) worth $8.5 billion, aimed at deepening Pakistan-China economic and strategic ties.
Deals and MoUs Signed
Agreements worth $1.5 billion were finalized between Pakistani and Chinese companies to enhance trade, investment, and industrial cooperation. MoUs worth $7 billion were also signed, covering infrastructure, development, and economic growth projects. The prime minister assured transparent implementation of all commitments.
CPEC Phase 2: New Economic Corridors
In Beijing, Shehbaz met Chinese Premier Li Qiang, where both sides agreed to launch five new corridors under CPEC Phase 2, focusing on agriculture, mining, textiles, industry, and information technology. Additional agreements in science, technology, IT, media, and agriculture were also signed.
Strengthening Partnership
The leaders reaffirmed the “all-weather strategic cooperative partnership” and endorsed a joint action plan to expand bilateral cooperation. Shehbaz thanked China for its consistent support of Pakistan’s sovereignty, economic reforms, and regional integrity.
Connectivity and Investment Push
The prime minister announced plans to issue Panda Bonds in the Chinese capital market and urged swift execution of connectivity projects, including the Karakoram Highway realignment, Main Line-1 railway upgrade, and Gwadar Port’s operationalization. He also invited Chinese investors to an upcoming conference in Beijing, expected to attract more than 800 companies.
Premier Li hosted a luncheon in Shehbaz’s honour, marking the conclusion of the visit and reaffirming both countries’ shared vision for economic progress and long-term strategic cooperation.
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