New Trade Strategy Between Pakistan and China Set to Boost Bilateral Investment

A significant step towards strengthening bilateral trade relations between Pakistan and China was taken in a high-level meeting held on Saturday morning. The meeting, chaired by Federal Ministers Abdul Aleem Khan and Jam Kamal Khan, aimed to finalize a strategy for joint ventures between companies from both countries.

Abdul Aleem Khan, who led the discussions, announced Pakistan’s plan to invite Chinese companies to invest in seven major sectors. He emphasized that Pakistan’s investment opportunities are more attractive compared to those in Bangladesh, India, and Vietnam. Khan instructed the Board of Investment to compile a detailed report for the Prime Minister and to coordinate with the ministries of foreign affairs, commerce, industry and production, food security, and maritime.

“Cooperation with Chinese companies could boost trade by up to $1 billion,” Aleem Khan stated. He highlighted the potential for opening new trade avenues in various fields, aiming to significantly enhance bilateral trade with China.

In addition, Aleem Khan proposed establishing new industries in regions with the highest electricity supply to support industrial growth. He also directed the Board of Investment to engage with investment companies and involve the Pakistani embassy in Beijing to facilitate Chinese investors.

Federal Minister of Commerce Jam Kamal Khan also contributed to the discussions, focusing on trade issues and cooperation. He instructed the Ministry of Commerce to work closely with the Board of Investment to strengthen trade relations with China.