During his official visit to China, Prime Minister Shehbaz Sharif urged Chinese businesses to explore long-term investment opportunities in Pakistan, emphasizing partnerships that support economic growth rather than financial assistance.
Addressing a business conference in Hangzhou, the prime minister highlighted agriculture, information technology, mining, and industrial development as priority sectors for cooperation between Pakistan and China under the next phase of regional economic collaboration.
He stated that Pakistan’s focus is on attracting foreign expertise, technology transfer, and investment to strengthen local industries and increase productivity.
The premier said Pakistan’s agricultural sector holds significant untapped potential despite being a major part of the national economy.
He noted that improving farming practices, introducing modern technology, and strengthening export capabilities could help Pakistan increase agricultural trade with China in the coming years.
He added that collaboration in agriculture could create employment opportunities in rural areas and support the growth of small and medium-sized businesses linked to exports.
Speaking about industrial cooperation, PM Shehbaz said Pakistan offers opportunities for manufacturing partnerships as production costs continue to rise in some international markets.
He encouraged Chinese investors to consider Pakistan’s special economic zones, where facilities and incentives are being offered to support long-term projects.
The prime minister also stressed the importance of expanding cooperation in emerging fields such as artificial intelligence and information technology. He invited Chinese companies to explore Pakistan’s mineral resources, including gemstones and mining projects.
PM Shehbaz is currently on a four-day visit to China and is expected to hold meetings with senior Chinese officials and business leaders.
He is also scheduled to visit the headquarters of Alibaba, where new agreements with the Pakistani government may be discussed to strengthen economic cooperation between the two countries.