PM Shehbaz secures $8.5bn in agreements during China visit

Prime Minister Shehbaz Sharif’s visit to China concluded with the signing of agreements and memorandums of understanding (MoUs) worth $8.5 billion, marking a major step forward in strengthening Pakistan-China economic ties.

Agreements worth $1.5bn signed

During the visit, Pakistani and Chinese companies signed agreements valued at $1.5 billion. These agreements are expected to enhance bilateral trade, investment, and industrial collaboration across multiple sectors.

The PM highlighted the importance of these agreements in building long-term economic partnerships between the two countries.

MoUs worth $7bn agreed upon

In addition to formal agreements, both sides signed MoUs worth $7 billion. These MoUs cover a wide range of development and investment projects aimed at boosting Pakistan’s economic growth and infrastructure development.

Prime Minister Shehbaz Sharif emphasised that a system has been established to implement the MoUs and agreements, ensuring transparency and accountability in execution.

PM’s commitment to achieving goals

Addressing a farewell ceremony at the end of his visit, PM Shehbaz reaffirmed Pakistan’s commitment to achieving the objectives outlined in the agreements.

“We will make every effort to achieve the goals,” Shehbaz Sharif said, expressing optimism that the new arrangements would bring tangible benefits to both nations.