China has signed fresh investment agreements worth billions of dollars with Pakistan and is set to invest up to $10 billion (10,000 million USD) in the country in the near future, Federal Minister for Investment Qaiser Ahmed Sheikh said on Thursday.
The agreements include $1.5 billion (1,500 million USD) in new joint ventures and memoranda of understanding valued at around $9 billion (9,000 million USD) across agriculture, automotive, and minerals sectors, reflecting growing foreign interest in Pakistan.
Sheikh added that agriculture and mining are expected to attract the largest share of future foreign direct investment. A Pakistani trade delegation of 300 business leaders recently visited China to further strengthen commercial ties. Plans are underway to connect the Reko Diq mining project to Karachi via Chagai through a dedicated railway and new highway, supported by $7 million from international financial institutions.
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