Pakistan and China Sign Over $7 Billion Deals, PM Invites Chinese Firms to Relocate Industries to Pakistan
Islamabad (Qudrat Daily) — Pakistan and China have signed investment agreements worth over $7 billion during Prime Minister Shehbaz Sharif’s official visit to China, where he invited Chinese investors to expand their operations in Pakistan and relocate industries to the country.
According to reports, multiple agreements and memorandums of understanding were signed between Pakistani and Chinese companies during the Pakistan-China Business-to-Business Investment Conference held in Hangzhou.
Addressing the conference, the prime minister invited Chinese investors to explore opportunities in agriculture, information technology, special economic zones, mining, and minerals sectors.
He said Pakistan does not need loans or aid but requires investment, expertise, and joint development, stressing that the conversion of MoUs worth billions of dollars into practical agreements is a national priority.
The prime minister announced that investors in the Karachi Special Economic Zone will be provided world-class facilities, a one-window operation system, and long-term land leasing arrangements.
He further stated that more than 200 MoUs worth over $20 billion have been signed in the past five B2B investment conferences between Pakistan and China, with 30 percent already converted into formal agreements.
Prime Minister Muhammad Shehbaz Sharif and Governor Zhejiang Province Mr. Liu Jie witnessing the signing of MoUs and Agreements of cooperation between Pakistani and Chinese companies worth USD 1.22 billion at the Pakistan China Business Conference held in Hangzhou on 24 May 2026. pic.twitter.com/1RE0RorVkX
— Prime Minister's Office (@PakPMO) May 24, 2026
During the conference, major agreements were signed, including a $1.12 billion deal between Haolu Engineering and Technology Company and Fauji Fertilizer Company for fertilizer production, as well as a $100 million memorandum between IBI Beijing United Information Technology Company and RIC for agrochemicals, agricultural machinery, and the establishment of a regional office in Multan.
Prime Minister Shehbaz Sharif said China imports around $100 billion worth of agricultural products annually, adding that Pakistan currently holds a very small share. He expressed confidence that with modern agricultural techniques, quality seeds, and mechanized farming, Pakistan could increase exports to China up to $10 billion within five to seven years.
He said Pakistan’s youth have strong potential in IT and artificial intelligence, and that Chinese investment in special economic zones would benefit both countries.
The prime minister also invited Chinese companies to relocate industries to Pakistan, establish joint ventures, and export manufactured goods to global markets.
He described Chinese President Xi Jinping as a visionary leader who transformed China into a global economic and military power, adding that Pakistan-China friendship is “deeper than the oceans and higher than the Himalayas.”
Federal Minister for IT Shaza Fatima Khawaja said during the conference that CPEC 2.0 is evolving beyond infrastructure into a Digital Silk Road, covering fiber optics, artificial intelligence, semiconductors, e-commerce, and IT collaboration.
The conference was attended by Deputy Prime Minister and Foreign Minister Ishaq Dar, federal ministers, Pakistani and Chinese investors, business leaders, and company representatives.
