Prime Minister of Pakistan Shehbaz Sharif underscored evolving partnership between Islamabad and Beijing, focusing on the transition from friendly ties to stronger investment, economic, and trade connections.
The premier emphasized next phase of the China-Pakistan Economic Corridor (CPEC) would prioritize business-to-business collaborations, especially in the industrial sector.
He addressed international business representatives, including those from China, PM highlighted need to translate the long-standing brotherhood between the two countries into deeper economic cooperation, particularly in agriculture, IT, mining, minerals, and infrastructure.
PM Sharif pointed out that with over 60pc of its population in rural areas, the Asian nation must enhance its agricultural production. He mentioned that the country’s agricultural exports grew by $3 billion in the last fiscal year, and a target of an additional $7 billion has been set for the current year. He believes that China is an ideal partner in achieving these goals by adopting modern technology and best practices.
The premier also reflected on his recent visit to China, where he was impressed by the advanced technology and educational culture in Chinese institutions. As a result, he announced plans to send 1,000 Pakistani students to China for advanced agricultural training. This program is close to being finalized, and the students will soon begin their courses.
Encouraging Chinese businesses to form partnerships with their Pakistani counterparts, PM Shairf noted that the next phase of CPEC would focus on business-to-business agreements and joint ventures, particularly in textiles and agriculture.
The aim is to produce and export these goods internationally, creating a win-win situation for both countries. He concluded by stating that the strong friendship between Pakistan and China is now reaching new heights, symbolized by the successful launch of Pakistan’s satellite with Chinese assistance.
