Pakistan, China Likely to Sign Over 100 MoUs Worth $5 Billion During PM Visit
Pakistan and China are expected to sign more than 100 Memorandums of Understanding (MoUs) worth around US$5 billion during Prime Minister Shehbaz Sharif’s upcoming visit to China from May 24 to 26.
According to official sources, the agreements are part of efforts to further strengthen economic cooperation between Pakistan and China.
Officials said nearly 90% of the expected deals will be business-to-business arrangements, while the remaining will include government-to-business cooperation. Preparations for the signing ceremonies and meetings have already been completed.
High-Level Meetings Planned
During the visit, Prime Minister Shehbaz Sharif is scheduled to meet Chinese President Xi Jinping and Premier Li Qiang. Discussions are expected to focus on investment expansion, economic cooperation, and regional developments.
Key Sectors for Cooperation
The proposed agreements cover a wide range of sectors, with agriculture expected to receive significant attention. Areas include food processing, dairy, poultry, fisheries, fertilizers, seeds, and cold chain logistics.
Technology and industrial development are also expected to be major focus areas, including information technology, fintech, cloud computing, telecommunications, and advanced manufacturing.
Additional projects under discussion include electric vehicle components and electronics manufacturing such as mobile and laptop batteries.
Investment and Economic Context
China remains Pakistan’s largest source of bilateral investment, particularly under the China-Pakistan Economic Corridor (CPEC), which has already brought billions of dollars in infrastructure and energy projects to Pakistan.
Officials say the new agreements are aimed at expanding cooperation beyond infrastructure and encouraging greater private sector participation.
Monitoring and Implementation
A high-level committee has been formed to oversee implementation of the agreements and ensure coordination between ministries and relevant departments.
The committee will monitor progress and address any challenges to ensure timely execution of the planned projects.
