Beijing (nytoday) – China and Pakistan have signed a series of new agreements involving investments worth billions of dollars, marking a significant step forward in bilateral economic cooperation. According to official sources, China is expected to invest nearly $10 billion in Pakistan in the near future.
Federal Minister for Investment Qaiser Ahmed Sheikh shared these details during an interview with a private television channel. He stated that global attention is increasingly turning towards Pakistan, with strong expectations for wide-ranging foreign investment in the coming years. He also confirmed that Pakistan and China have already signed new joint venture agreements valued at $1.5 billion.
In addition, China has entered into new Memorandums of Understanding (MoUs) worth approximately $9 billion, covering key sectors such as agriculture, automotive manufacturing, and mining. The minister revealed that a large trade delegation comprising around 300 business leaders from various industries travelled to China on behalf of the Pakistani government to strengthen economic ties.
Highlighting infrastructure development, Qaiser Ahmed Sheikh said the government plans to link the Chagai route with Karachi as part of the Reko Diq project. This connection will be established through a dedicated railway line and a newly constructed highway, significantly improving transportation and logistics. He added that around $7 million will be secured from international financial institutions to support the economic corridor between Chagai and Karachi.
The minister also noted that following the success of Banyan Al-Marsoos, global demand for Pakistan’s fighter jets has risen sharply, with multiple countries placing production orders. He concluded by stating that Pakistan is expected to receive the highest levels of foreign direct investment in the agriculture and mining sectors in the coming period.
FAQs
1. How much investment has China committed to Pakistan?
China is expected to invest nearly $10 billion through new agreements and MoUs across multiple sectors.
2. Which sectors will receive the most Chinese investment?
Major investments will focus on agriculture, mining, automotive manufacturing, and infrastructure development.
3. What is the significance of the Chagai–Karachi corridor?
The corridor will support the Reko Diq project by improving transport through a new railway line and highway.