Chinese delegation explores opportunities in EVs, infrastructure, energy, railways and industrial development as Pakistan seeks to attract foreign investors.
The proposed investment was discussed during a meeting between a delegation of the Chinese group and Haroon Akhtar Khan, Adviser to the Prime Minister on Industries and Production. Both sides explored potential areas of cooperation, including the proposed signing of a memorandum of understanding (MoU) valued at $10 million.
Pakistan Seeks to Facilitate Chinese Investors
During the meeting, Haroon Akhtar highlighted the government’s efforts to strengthen economic cooperation with China and translate bilateral relations into tangible investment projects. He said the prime minister had directed relevant authorities to facilitate Chinese investors, improve the business environment and simplify procedures for doing business in Pakistan.
The adviser added that business-friendly regulatory reforms were being introduced to attract foreign investment and accelerate industrial growth. He also highlighted the land-lease model available to investors, describing it as an important mechanism for facilitating investment and supporting industrial development.
Haroon Akhtar encouraged Chinese companies to consider Pakistan for future business ventures, citing the country’s economic potential and resilience in the international arena.
Pakistan-China Cooperation to Support Industrial Growth
Emphasising the longstanding relationship between Pakistan and China, the adviser said the two countries maintained close ties and had developed a strong foundation for economic collaboration.
He noted that numerous joint ventures and memorandums of understanding had been signed between the two countries. According to him, approximately 40% of these joint initiatives had entered the implementation phase, reflecting progress in bilateral business cooperation.
The adviser said additional Chinese investment could help expand Pakistan’s industrial capacity, stimulate economic activity, encourage technology transfer and generate employment opportunities.
Electric Vehicles Among Key Investment Areas
Electric vehicles were identified as an important sector for future investment and industrial collaboration. Haroon Akhtar said Pakistan was advancing towards EV technology and that partnerships with Chinese companies could help strengthen technological capabilities and develop the domestic industrial base.
He assured the visiting delegation of the government’s support in facilitating investment and promoting cooperation across priority sectors. The meeting was also attended by Additional Secretary Humaira Zia Mufti, Joint Secretary Freedoon Akram Sheikh and Joint Secretary Amir Aqiq.