A high-level meeting on Saturday morning finalised a strategy for joint ventures between Chinese and Pakistani companies, marking a significant step forward in bilateral trade relations.
The meeting was chaired by federal ministers Abdul Aleem Khan and Jam Kamal to address and strategize on Pakistan-China trade issues.
Abdul Aleem Khan announced that Pakistan would invite Chinese companies to invest in seven major sectors, emphasizing that investment opportunities in Pakistan are more attractive than those in Bangladesh, India, and Vietnam. He directed the Board of Investment to prepare a comprehensive report for the prime minister and to take the ministries of foreign affairs, commerce, industry and production, food security, and maritime on board on this.
"Cooperation with Chinese companies has the potential to increase trade by $1 billion," said Aleem Khan said, adding that Pakistan's intended to open new avenues of bilateral trade with China in various fields.
He also suggested planting new industries in areas where the maximum supply of electricity is possible, ensuring a conducive environment for industrial growth.
Abdul Aleem Khan instructed the officials of the Board of Investment to engage immediately with investment companies and involve the Pakistani embassy in Beijing to facilitate Chinese investors.
Federal Minister of Commerce Jam Kamal Khan had a detailed discussion regarding Chinese companies and trade issues. He directed the Ministry of Commerce to provide full cooperation and work jointly with the Board of Investment to enhance trade relations with China.
