Prime Minister Shehbaz Sharif announced on Friday that the next phase of the Pak-China ties will focus heavily on business-to-business (B2B) partnerships, particularly in the industrial sector. Speaking to representatives of international companies operating in Pakistan, he emphasized the importance of transforming the close friendship between Pakistan and China into deeper economic cooperation.
The Prime Minister highlighted the longstanding alliance between the two nations, stating, “Pakistan and China are closest allies, and we must elevate our relationship from brotherhood and friendship to increased investment, economic, and trade ties.” He specifically mentioned key sectors such as agriculture, information technology, mining, minerals, and infrastructure as areas where both countries can strengthen their collaboration.
Boosting Pakistan’s Agricultural Sector
Prime Minister Sharif pointed out that Pakistan, with over 60% of its population living in rural areas, is primarily an agrarian economy. He emphasized the need to enhance the country’s agricultural output and noted that agricultural exports increased by $3 billion in the last fiscal year. The target for the current fiscal year is an ambitious $7 billion increase in agricultural exports.
He highlighted China’s potential as a key partner in achieving these goals, stating that with China’s support, Pakistan can significantly boost its agricultural exports and add value to its products. The Prime Minister described this goal as a “quantum leap” that will require modern technology, advanced techniques, and the adoption of best practices in agriculture.
Educational Collaboration with China
Reflecting on his recent visit to China, Prime Minister Sharif shared his admiration for the advanced technology and educational systems in Chinese institutions. As a result, he has initiated a program to send 1,000 Pakistani students to China for advanced training in agriculture. This program is nearly finalized, and these students will soon begin refresher courses in China, equipping them with the knowledge and skills needed to contribute to Pakistan’s agricultural sector.
CPEC’s Next Phase: Industrial Collaboration
The Prime Minister explained that the next phase of CPEC will focus on creating B2B arrangements and joint ventures, particularly in industries such as textiles and agriculture. The goal is to not only boost production in these sectors but also to export the products to other countries. He proposed that Pakistan and China could develop a common mechanism for the production and export of goods, benefiting both nations.
A Symbol of Pak-China Friendship
Highlighting the strong bond between Pakistan and China, Prime Minister Sharif said, “Pak-China friendship is not only higher than mountains but now it is touching skies,” referring to Pakistan’s recent launch of its own satellite into space with Chinese assistance.
The event was attended by the Sindh governor and chief minister, federal ministers, prominent businessmen, and senior officials, all underscoring the importance of the next phase of CPEC and the continued partnership between Pakistan and China۔
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