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A delegation of China’s Shengtang Group called on Adviser to the Prime Minister on Industries and Production Haroon Akhtar Khan to explore investment opportunities in Pakistan and discuss potential cooperation in key sectors of the economy.
The Chinese delegation expressed interest in signing a Memorandum of Understanding (MoU) worth *US$10 million* and exploring investment opportunities in industrial development, infrastructure, tourism, electric vehicles (EVs), railways, energy and urban development.
During the meeting, Haroon Akhtar Khan said that Prime Minister Muhammad Shehbaz Sharif’s vision of enhanced cooperation with China was being translated into practical outcomes. He emphasised that the Prime Minister had issued clear directions to facilitate Chinese investors, improve the business environment and ensure ease of doing business in Pakistan.
He said that business-friendly regulatory reforms were being introduced in line with the Prime Minister’s directives. He also highlighted the land-lease model available to investors as an important facilitation mechanism for promoting investment and industrial development.
“The time is right for investors to explore opportunities in Pakistan. The country has demonstrated its reliability and resilience at the international level,” Haroon Akhtar Khan said, inviting Chinese investors to benefit from emerging opportunities in Pakistan’s industrial and economic landscape.
Highlighting the longstanding relationship between Pakistan and China, the Adviser remarked that the two countries enjoyed ties “thicker than blood.” He said that numerous joint ventures and MoUs had been signed between the two countries, with approximately 40 per cent of these joint initiatives reportedly having entered the implementation phase.
He observed that further Chinese investment would contribute to industrial expansion, economic activity, technology transfer and employment generation in Pakistan.
Speaking about emerging investment opportunities, Haroon Akhtar Khan identified electric vehicles as an important area for the next phase of investment and industrial cooperation. He said Pakistan was progressing towards EV technology and that collaboration with Chinese companies could support technological advancement and strengthen the country’s industrial base.
The Adviser assured the delegation of the government’s full support and commitment to facilitating investment. He also presented a commemorative souvenir to the Chinese delegation.
Additional Secretary Humaira Zia Mufti, Joint Secretary Freedoon Akram Sheikh and Joint Secretary Amir Aqiq were also present at the meeting.
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