Pakistan identifies 13 sectors for priority investment after concluding PM’s ‘milestone’ China visit
ISLAMABAD: Pakistan’s government has identified 13 priority sectors for top Chinese companies to invest in to ensure Pakistan’s export-oriented growth, a joint statement issued by both countries after Prime Minister Shehbaz Sharif’s visit to China this week said. The Pakistani premier concluded his five-day “milestone” visit to China on Saturday, which included several high-profile meetings with top political and business leaders, after announcing plans to send 1,000 Pakistani students to a top Chinese agricultural facility for advanced training before his departure. For More Details Click Here
His engagements across various Chinese cities were aimed at upgrading the China-Pakistan Economic Corridor (CPEC), a flagship of the Belt and Road Initiative (BRI), through which Beijing has pledged over $60 billion to the South Asian country.
Sharif’s China visit took place at an important time for Islamabad, which has increasingly sought over the past couple of months to bolster its fragile economy by seeking foreign investments and enhanced regional connectivity with allies. During his time in Beijing, Sharif met with Chinese President Xi Jinping and Premier Li Qiang, who both reaffirmed their support for Pakistan’s efforts to become a regional hub of trade and connectivity.
“The Pakistani government identified 13 priority sectors for enhancing export-oriented industry and encouraged Chinese top companies in these sectors to make investments in Pakistan,” a joint statement issued by the foreign ministries of both countries said on Saturday.
“The Chinese side welcomed Pakistan to expand exports to China.”
