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Pakistan evaluates progress of agreements signed with China

Islamabad, Jun 25 (Prensa Latina) Pakistani authorities evaluated the progress of the investment agreements signed with China during a recent visit to Beijing by a high-level delegation.

The status of 30 memoranda of understanding related to the China-Pakistan Economic Corridor (CPEC) signed between 107 Pakistani and 250 Chinese business groups was reviewed during the meeting, which was chaired by Ministers Abdul Aleem Khan, of the Board of Investment, and Jam Kamal Khan, of Commerce.

Aleem Khan stressed the importance of urgently creating joint ventures, for which he requested the support of Beijing’s diplomatic mission to Islamabad, according to the news source.

Pakistani trade officials in Beijing, Shanghai, Shenzhen, and Guangzhou presented online reports on the progress of agreements in various sectors, such as oil, health, industry, information, energy, and information technologies.

A delegation of Chinese experts will visit Pakistan later this month to promote innovation, technology transfer, and capacity development.

Preparing for the visit, the Minister of Planning, Development, and Special Initiatives, Ahsan Iqbal, chaired a meeting in Islamabad on Tuesday with senior officials in the sector.

Iqbal requested the preparation of a detailed roadmap to leverage the visit with focus on sharing knowledge on China’s innovation and technological advancements to tailor solutions to Pakistan’s needs.

The focus will be strategic and target areas where China’s experience can benefit Pakistani professionals the most, the functionary noted.