Key Points
- The investment package includes $1.5 billion in joint ventures and about $9 billion in memoranda of understanding (MoUs) across key sectors
- The deals signal growing foreign direct investment interest in Pakistan.
ISLAMABAD: China is set to invest up to $10 billion in Pakistan following the signing of a series of new investment agreements and cooperative deals, federal officials have said.
The announcement reflects a renewed push by both countries to deepen economic ties and attract large-scale foreign direct investment to Pakistan’s economy.
Federal Minister for Investment Qaiser Ahmed Sheikh announced that China has finalised joint venture agreements totalling approximately $1.5 billion between Pakistani and Chinese entities.
Additionally, memoranda of understanding (MoUs) valued at around $9 billion have been signed to promote cooperation in various sectors, including agriculture, automotive manufacturing, and minerals.
A large Pakistani trade delegation of around 300 business leaders recently visited China to promote investment opportunities and expand business-to-business linkages, according to the minister.
Shanghai and other Chinese commercial hubs hosted dialogues aimed at broadening the scope of investment partnerships.
Pakistan’s government has highlighted the investment as part of efforts to strengthen foreign direct investment inflows. It would also spur industrial growth and support infrastructure and value-chain development in agriculture and extractive industries.
Analysts say these deals could boost confidence among international investors and reinforce Pakistan’s appeal as an emerging market destination.
