ISLAMABAD: In an effort to strengthen economic ties with China, around 27 Pakistani companies from the leather and fisheries sectors will participate in major roadshows scheduled in China on October 29 and November 5.
The Pakistani Ministry of Privatization said on Thursday afternoon that the upcoming events aim to promote business-to-business (B2B) collaboration between Pakistan and its key economically, China.
Pakistan has been actively pursuing foreign investment and business partnerships with neighboring countries, particularly China, to mitigate its prolonged economic challenges.
The recent visit of China’s prime minister to Pakistan, accompanied by a high-level delegation, resulted in the signing of several agreements aimed at enhancing trade, business, and investment cooperation between the two nations. The first roadshow will take place on October 29 in Qingdao, followed by the second event on November 5 in Guangzhou. The Ministry of Privatization has confirmed that 30 representatives from 17 Pakistani fisheries companies and 16 representatives from 10 leather companies will participate in these roadshows.
Highlighting ongoing B2B engagements, the ministry emphasized the significance of these roadshows in strengthening bilateral economic activities between China and Pakistan.
The announcement followed a meeting chaired by Privatization Minister Abdul Aleem Khan, who reviewed the progress of business initiatives with China.
Khan identified seven key sectors, including leather, textiles, medical and surgical equipment, fruits, vegetables, plastics, fisheries, and animal foods, as potential game-changers for Pakistan’s economy. He noted that organizations from both countries were collaborating to enhance business ties and foster economic growth.
The ministry’s statement also revealed that 168 companies from China and 78 companies from Pakistan are currently working together on various collaborative projects.
The minister encouraged Pakistan to maximize its participation in the ongoing transfer of industries from China.
Senior executives from leading Pakistani companies attended the high-level meeting, assuring their full participation in the forthcoming roadshows in China.
China’s investment and financial assistance to Pakistan, especially since 2013, have played a vital role in stabilizing the South Asian country’s struggling economy.
China’s investments, exceeding USD 65 billion, have been instrumental in road, infrastructure, and development projects under the China-Pakistan Economic Corridor (CPEC). –Agencies
