A high-level delegation of representatives from Chinese companies operating in Pakistan met with Prime Minister Shehbaz Sharif to discuss enhancing business and investment opportunities between the two countries. The meeting underscored the robust and enduring relationship between Pakistan and China, highlighting new avenues for economic collaboration and development.
Briefing on Pakistan-China JCC Meeting
The meeting began with Planning Minister Ahsan Iqbal providing a comprehensive briefing on the recent Pakistan-China Joint Cooperation Committee (JCC) meeting. The JCC is a pivotal platform for fostering cooperation under the China-Pakistan Economic Corridor (CPEC) framework. Representatives from Chinese companies reaffirmed their commitment to expanding their business ventures and increasing investments in Pakistan, signaling a positive trajectory for bilateral economic relations.
Prime Minister’s Address: Strengthening Bilateral Relations
In his address, Prime Minister Shehbaz Sharif emphasized the deep-rooted, brotherly relations between Pakistan and China, which have strengthened over time. He highlighted China’s critical role in Pakistan’s development and expressed his gratitude for their continued support. “Pakistan-China long-standing and brotherly relations are getting stronger with time. China is an important partner in the development of Pakistan,” the Prime Minister stated.
Ensuring Security for Chinese Nationals
The Prime Minister reassured the delegation that the security and protection of Chinese citizens in Pakistan remain a top priority for his government. He outlined the comprehensive measures being implemented to ensure foolproof security for Chinese nationals working on various projects in Pakistan, particularly those related to CPEC. “All possible measures are being taken for the foolproof security of Chinese citizens,” he asserted.
Encouraging Industrial Investments
Prime Minister Shehbaz Sharif encouraged Chinese companies to establish industries in Pakistan’s Special Economic Zones (SEZs) under a business-to-business (B2B) arrangement. He specifically invited the Chinese textile industry to set up operations in Pakistan, highlighting the mutual benefits of such investments. This initiative aims to boost local employment, enhance technical expertise, and increase Pakistan’s export potential.
Preparations for CPEC 2.0
The Prime Minister announced that preparations are underway for the second phase of CPEC, known as CPEC 2.0. The upcoming visit to China will focus on advancing this ambitious project, which aims to deepen economic ties and foster sustainable development. He praised China’s success in lifting 700 million people out of poverty, describing it as a beacon of hope for Pakistan. “The way China lifted 700 million people out of poverty is a beacon for us,” he remarked.
Technical Training and IT Sector Development
Acknowledging the need for a skilled workforce to support the next phase of CPEC, Prime Minister Sharif emphasized the importance of providing top-notch technical and vocational training to Pakistani workers. He also expressed a keen interest in leveraging China’s expertise in the IT sector to drive technological advancement in Pakistan. “Pakistan wants to benefit from the expertise of China’s IT industry for the development of the IT sector,” he said.
Invitation to Electric and Hybrid Vehicle Manufacturers
In a bid to modernize Pakistan’s automotive industry, the Prime Minister invited Chinese companies to establish electric and hybrid vehicle manufacturing plants in Pakistan. This move aligns with the global shift towards sustainable and environmentally friendly transportation solutions and presents significant opportunities for economic growth and technological innovation.
Resolving Issues Faced by Chinese Companies
Prime Minister Shehbaz Sharif assured the delegation that all challenges faced by Chinese companies operating in Pakistan would be promptly addressed. He directed relevant authorities to work closely with Chinese businesses to resolve any obstacles, thereby facilitating smoother operations and fostering a more conducive business environment.
The meeting between Prime Minister Shehbaz Sharif and the delegation of Chinese business representatives marks a significant step in reinforcing the strategic partnership between Pakistan and China. The discussions focused on enhancing economic cooperation, ensuring security for Chinese nationals, and exploring new investment opportunities in various sectors. With preparations for CPEC 2.0 underway and a strong commitment to mutual growth, the future of Pakistan-China relations looks promising. The Prime Minister’s proactive approach in addressing the concerns of Chinese companies and his invitation for further investments signal a bright horizon for bilateral economic development.
