Pakistan China MoU Seals $7 Billion in Deals Across Key Growth Sectors

Pakistan & China – (Web Desk) – Pakistan and Chinese companies have signed a landmark Pakistan China MoU worth over $7 billion, covering key sectors like IT, telecom, agriculture, and energy storage. These agreements were finalized at the Pakistan-China B2B Investment Conference in Hangzhou, bringing business leaders from both countries together under one roof.

Prime Minister Shehbaz Sharif addressed the event and called it a major step forward. He welcomed Chinese investors to move their industries to Pakistan, partner with local businesses, and benefit from a friendly investment environment.

He described the partnership as a “win-win model” — meaning both sides gain through shared production and export opportunities.

The prime minister also pointed out that labor costs in China are rising. This is pushing some Chinese factories to look for new locations. Pakistan, he said, is a strong option for joint ventures in sectors like textiles and leather.

On agriculture, Shehbaz Sharif said Pakistan needs to modernize its farming. Better seeds, modern machinery, and new techniques can boost output per acre. He also highlighted that China imports around $100 billion worth of farm products every year — but Pakistan’s share is still very small. There is huge room to grow.

He added that stronger farm cooperation can create jobs in rural Pakistan and help small businesses grow through value-added exports.

The prime minister noted that talks started in Shenzhen and continued in Hangzhou have already produced multi-billion-dollar results. However, he stressed that turning MoUs into real contracts and working businesses is now the biggest challenge ahead.