Prime Minister Shehbaz Sharif emphasized on Saturday that relocating Chinese industries to Pakistan would bolster the economy, generate fresh job opportunities, and enhance exports, as per Radio Pakistan’s report.
He chaired a session in Islamabad to assess the progress of agreements made during his recent visit to China. This initiative follows his approval of a joint venture project between Chinese and Pakistani firms aimed at transferring Chinese industries to Pakistan. Shehbaz Sharif underscored that promoting investments in Pakistan remained a top priority for his government.
During the meeting, the Prime Minister instructed that there should be no delays in implementing the Memorandums of Understanding (MoUs) with China.
He remarked that China, a steadfast ally of Pakistan, has consistently supported the country during challenging times, and the Chinese leadership is committed to expanding investments in Pakistan.
During the session, a detailed plan was unveiled outlining the transfer of Chinese industries to Pakistan. The plan includes signing partnerships with Chinese firms to relocate industries such as textiles, plastics, leather, medical, and surgical equipment to Pakistan.
The Board of Investment provided an update on the interest expressed by seventy-eight Pakistani companies to collaborate with Chinese counterparts for this initiative.
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Prime Minister Shehbaz Sharif praised the efforts and suggestions put forth by the Board of Investment on this matter.
He instructed the relevant authorities to ensure Pakistani companies receive complete support and facilitation for partnering with Chinese firms.
