Prime Minister Shehbaz Sharif has unequivocally stated that delays in the implementation of cooperation agreements with China will not be tolerated. This assertion came during a high-level meeting chaired by the Prime Minister, which focused on reviewing the progress of agreements made during his recent visit to China and the broader scope of Pakistan-China cooperation.
Meeting Overview and Key Briefings
During the meeting, various ongoing and future projects were discussed in detail. One of the highlighted projects is the Sukkur-Hyderabad Motorway, which will be completed through a public-private partnership. This infrastructure development is expected to significantly enhance connectivity and economic activity in the region.
The meeting also covered advancements in educational collaboration, with the planning to send 1,000 students to China for advanced agricultural vocational training being finalized. The first batch of students is set to commence their studies in China at the beginning of this academic year. This initiative aims to equip Pakistani students with cutting-edge agricultural techniques and knowledge, which will, in turn, bolster the country’s agricultural sector.
Additionally, the briefing covered the progress on transferring power plants to local coal, which is in its final stages. This transition is part of Pakistan’s broader strategy to reduce dependency on imported fuels and enhance energy security.
Investment Opportunities and Industrial Transfer
A significant portion of the discussion centered on enhancing investment opportunities in Pakistan through Chinese collaboration. Plans are underway to hold a road show in Beijing to attract Chinese investors by showcasing the investment potential in Pakistan.
A comprehensive roadmap for the transfer of Chinese industries to Pakistan was also presented. This initiative focuses on sectors such as textiles, medical surgical equipment, plastics, and leather industries. The aim is to forge partnerships between Pakistani and Chinese companies to facilitate the industrial transition. Notably, 78 Pakistani companies have already expressed interest in collaborating with Chinese counterparts for this purpose.
The Board of Investment presented a detailed report on the progress and action plan for this industrial transition. The Prime Minister emphasized the importance of facilitating these collaborations, highlighting the mutual benefits for both countries.
Prime Minister’s Directives and Statements
Prime Minister Shehbaz Sharif reiterated the importance of timely execution of these cooperation agreements. He stressed that China has been a steadfast friend to Pakistan, providing assistance during challenging times. The transfer of Chinese industry to Pakistan is seen as a pivotal move that will boost the country’s economy, create new employment opportunities, and enhance exports.
The Prime Minister pointed out that the successful implementation of these agreements would lead to significant economic benefits for Pakistan. By integrating Chinese industrial expertise and investment, Pakistan aims to modernize its industrial base, improve productivity, and expand its export portfolio.
In his concluding remarks, Prime Minister Shehbaz Sharif underscored the critical role of these initiatives in driving economic growth and development in Pakistan. He assured that the government is committed to removing any obstacles that may hinder the progress of these cooperation agreements.
The meeting chaired by Prime Minister Shehbaz Sharif highlighted the strategic importance of Pakistan-China cooperation in various sectors. The commitment to expedite the implementation of these agreements reflects the government’s determination to leverage international partnerships for national development. As Pakistan continues to strengthen its ties with China, these initiatives are expected to play a crucial role in transforming the country’s economic landscape, fostering sustainable development, and enhancing bilateral relations between the two nations.
