Beijing:
Pakistan and China signed bilateral agreements on Thursday for a value of $ 8.5 billion in several sectors, with Prime Minister Shehbaz Sharif that qualifies development as a “long march of economic growth.”
Chinese and Pakistani companies have signed an understanding memorandes of $ 7 billion and joint companies of $ 1.54 billion (totaling $ 8.5 billion) in sectors that include agriculture, electric vehicles, solar energy, health, chemicals and petrochemicals, plates and steel in addition to others, in the second B2B investment conference of Pakistan-China in Beijing.
In his opening speech on the occasion, the prime minister said that the “long march” would lead to the growth of enormous investment opportunities and employment creation.
The prime minister announced a new vision for the economic cooperation of Pakistan-China, announcing the formal launch of “CPEC 2.0” that will attract investment in various sectors.
Welcoming high -level delegates, the prime minister described the forum as a reflection of the brotherhood dressed in iron between Pakistan and China.
When addressing concerns about bureaucratic delays, the prime minister assured Chinese investors to eliminate all hypoocracy in investments. He issued a clear and direct message: “We will not tolerate the delay of a second. I recently made sure that a Chinese businessman was facilitated within 24 hours. That is the level of commitment I am talking about.”
He assured the Chinese delegation of the unwavering commitment of Pakistan with the facilitation of investors, stating that Chinese investors will be treated as partners and that “Pakistan is their second home, as China is ours.”
Security of Chinese citizens in Pakistan, said it was a priority, adding that “the safety of Chinese citizens is essential.”
“This is one of the largest commercial conferences that I have attended during my visit to this great country. Our relationship with China is unique, higher than the Himalayas, deeper than the deepest oceans, sweeter than honey and stronger than steel,” said the prime minister.
Referring to the Chinese-Pakistan Economic Corridor Agreement (CPEC) signed in 2015 during President Xi Jinping’s historic visit to Pakistan, Prime Minister Shehbaz Sharif accredited the first phase of CPEC with the transformation of the Pakistan energy and infrastructure landscape.
“We were facing up to 20 hours of energy cuts daily. Today, thanks to the dynamic and visionary leadership of President XI, Pakistan became self -sufficient energy. That was the turning point,” he said.
Prime Minister Shehbaz Sharif announced the launch of CPEC 2.0, which will change the approach to company to company (B2B) in agriculture, IT and AI, Minerals and Industrial relocation.
“Our agricultural sector uses 60% of our population. China has stood out in this field, and we seek its association to modernize our agricultural practices and increase exports,” Chinese investors urged.
He emphasized the role of special economic zones (Sez) to attract investments, offering competitive advantages such as cheaper qualified labor and joint companies to produce high quality export goods.
In an emotionally full segment of his speech, Prime Minister Shehbaz told China in 1982.
“Even then, I said that China suffers from success, not a failure. Today, China is the second largest economy and a global military power, having taken more than 700 million people from poverty. This is the model I want to borrow and replicate in Pakistan,” he said.
He praised the leadership of President Xi Jinping in the promotion of multilateralism and shared prosperity, saying that China has changed the destinations of many nations, a testimony of its “visionary and dynamic leadership.”
In his final comments, Prime Minister Shehbaz Sharif reiterated his determination to transform Pakistan’s economic panorama. “We know that the road is difficult, but not impossible. With the support of China and our commitment, we will make Pakistan a strong and vibrant economy. That today marks the beginning of that trip.”
Chinese and Pakistani investors, government officials and dignitaries, including the Vice Prime Minister Ishaq Dar, the Pakistan ambassador to China Khalil Hashmi and the president of the China Council for the promotion of international trade, federal ministers and others were present on the occasion.
Chinese PM
Pakistan and China, expressing satisfaction with the positive trajectory of their relationships, on Thursday they agreed to continue working closely in CPEC 2.0, with their five new runners.
Bilateral ties and cooperation were discussed at a meeting between Prime Minister Sharif and Chinese Prime Minister Li Qiang.
During his “warm and friendly” meeting, the prime minister expressed his deepest gratitude for Chinese leadership and La Nación for his unwavering support for territorial integrity, sovereignty and socioeconomic development of Pakistan.
On the basis of the important consensus between President XI and Prime Minister at his meeting on Tuesday, both leaders reaffirmed their shared resolution to further strengthen the strategic cooperative association dressed in iron between Pakistan and China. The signing of the Joint Action Plan 2024-2029 was considered an important step in this regard.
The prime minister congratulated Chinese leadership for the successful host of the SCO of Heads of the State Summit in Tianjin and extended his congratulations to China on the 80th anniversary of the success of the Chinese people in the resistance war and the world’s anti -fascist war.
The prime minister reiterated Pakistan’s support for President XI’s historical initiatives to strengthen multilateralism, including the global governance initiative, the Global Development Initiative, the Global Security Initiative and Initiative of Global Civilization.
Both countries would celebrate the 75th anniversary of the establishment of Pakistan-China diplomatic ties next year.
The two leaders also attended the Ceremony of the Exchange of Memorands of Understanding and Agreements signed and announced between the two countries with respect to cooperation in the development of CPEC 2.0, science and technology, IT, media, agriculture, etc.
The conversations at the delegation level were followed by a sumptuous lunch, organized by the Chinese prime minister in honor of the prime minister and his delegation.
PM SAURANCE
Prime Minister Sharif reiterated on Thursday Pakistan’s vision of deepening bilateral cooperation with China in industries, agriculture, commerce, ICT, mining and minerals.
I was talking to China Industry and Information Technology, Li Lecheng, who called him.
The prime minister considered the economic corridor of China Pakistan (CPEC) as a central pillar of Pakistan’s socioeconomic development and expressed his satisfaction for his constant progress in phase II.
Admiring the Economic Reform Agenda of the Prime Minister, Minister Li emphasized that China considered Pakistan as an Ironclad brother and a strategic cooperative partner for every climate.
China’s resolution firm expressed to raise bilateral relations with Pakistan to new cooperation and collaboration heights.
