Pakistan, China sign $200m agreements for seafood, steel and agri trade

Beijing – China will invest $200 million in Pakistan’s seafood, steel and agriculture sector to boost bilateral business between the two Asian neighbours.

Pakistani officials signed the memorandums of understanding (MoUs) on a total of 11 agreements with Chinese investors during their visit to Islamabad on Tuesday, according to commercial attaché at the Chinese Embassy.

By investing in Pakistan, the Chinese companies can promote exports to South Asia, Middle East, Africa and many other destinations. China is the world’s largest importer of agricultural products. In 2015, China imported $160 billion worth of agricultural products.

With a population of 1.3 billion people, China consumes almost $1 trillion worth of food every year. The domestic consumption is expected to grow by another $500 billion in the next 10 years.

"Monitoring Desk"

RELATED POSTS

5
Peace In Afghanistan and CPEC to help generate opportunities for the youth: Speaker NA
PM Imran Khan praises Chinese support, says China has been helpful in many areas
0.7 Million jobs likely under CPEC by 2030
Power generation capacity of Port Qasim power plant equivalent to 10 percent of national power generation capacity
CPEC energy projects undergoing rapid construction
China confirms pledging financial assistance to Pakistan
NHA plans construction of sections of CPEC Western Route, project to complete by end of 2019
CPHGC’s Unit 1 successfully synchronized with Pakistan national grid
Chinese Embassy clarifies CPEC debt article
Chinese industrial group to establish ceramics unit in Faisalabad
Chinese Embassy provides details on the latest progress of CPEC
Work on the New Gwadar International Airport, vocational training center and friendship hospital to begin in the first quarter of 2019
Six Pakistani entrepreneurs graduate from UNCTAD, Alibaba’s fellowship
China donates Rs6m more to families of martyred cops
Pakistan coming on track by enhanced export, trade volume with neighboring countries

FOLLOW US


About Corridor.pk

Corridor.pk is Pakistan’s leading regional connectivity media & communication/outreach platform, dedicated to profiling and promoting the business activities, news and views on the regionally connected business corridor across OBOR. 

     

Addional Information

 Ethics Policy     Advertise
 Terms & Conditions
 Contact Us