Around 27 Pakistani companies in the leather and fisheries sectors are set to take part in significant road shows across various cities in China on October 29 and November 5, according to the privatization ministry. This initiative is part of Islamabad’s strategy to boost business-to-business interactions with its key economic ally, Beijing.
In light of a prolonged economic crisis, Pakistan has been actively seeking foreign investment and business partnerships with regional nations, particularly China. This month, China’s prime minister visited Pakistan with a high-level delegation, resulting in several agreements aimed at enhancing trade, business, and investment cooperation between the two countries.
The initial road show will take place on October 29 in Qingdao, while the second is scheduled for November 5 in Guangzhou. The privatization ministry indicated that 30 representatives from 17 fisheries companies and 16 representatives from ten leather companies will attend these events.
The ministry emphasized that business-to-business engagements between China and Pakistan are progressing, with significant road shows for the leather and fisheries sectors being organized in multiple Chinese cities.
Meeting by Privatization Minister Aleem Khan
This announcement followed a meeting chaired by Privatization Minister Abdul Aleem Khan on Wednesday, where he reviewed the status of Pakistan-China business initiatives. Khan highlighted seven key sectors – leather, textiles, medical and surgical equipment, fruits, vegetables, plastics, fisheries, and animal food – that could be pivotal for the country’s economic advancement.
He noted that organizations in both countries are collaborating to strengthen their business ties. Currently, 168 Chinese companies and 78 Pakistani companies are involved in cooperative efforts, and Khan stressed the need for Pakistan to capitalize on the transfer of industries from China.
Further, leading Pakistani organizations’ executives participated in a high-level meeting, expressing their commitment to fully engage in both road shows in China.
Since 2013, Chinese investment and financial aid have significantly supported Pakistan’s struggling economy, including loan rollovers that help Islamabad meet its external financing requirements amid dwindling foreign reserves.
Moreover, China has invested over $65 billion in road, infrastructure, and development projects under the China-Pakistan Economic Corridor, which is part of the broader Belt and Road Initiative.
Related Posts
