The recent Memoranda of Understanding (MoUs) signed between Pakistani and Chinese companies has the potential to reshape Islamabad's economic landscape by driving investment, infrastructure development and technological advancement. These MoUs were signed during the Pakistan-China Business Conference, which was recently held in Shenzhen. About 500 Chinese and 100 Pakistani companies participated and signed 32 MoUs in sectors such as agriculture, fertiliser, IT, mobile, and pharmaceuticals. "Over the last few years, CPEC has yielded substantial outcomes, playing a crucial role in fostering Pakistan's economic and social progress." "We are also planning to bring Chinese experts to Pakistan to develop special economic zones.

Source: The Nation June 22, 2024 10:14 UTC