By Ali Imran
ISLAMABAD: Pakistan has approved the establishment of 20 new trade positions in China to strengthen economic ties and promote investment, with the facilitation of the State Investment Facilitation Center (SIFC).
The Ministry of Commerce has allocated 5.5 billion Pakistani rupees for trade missions this year, aimed at boosting exports and attracting foreign investment. A grant of 226.7 million rupees has also been approved by the Economic Coordination Committee to promote foreign investment.
China remains Pakistan’s largest trading partner, with Pakistan’s exports to China valued at $2.56 billion.
The creation of these new positions is seen as a strategic step to further enhance bilateral trade relations between the two countries.
The collaboration with SIFC is expected to help streamline the process and improve the effectiveness of trade and investment initiatives with China.
Recently, Pakistan and China signed defence equipment agreements during the ongoing IDEAS 2024 exhibition in Karachi.
