Pakistan and China Sign MoUs Worth Over $13 Billion, Says Ambassador Khalil Hashmi

Islamabad (Kudrat Daily) — Pakistan’s Ambassador to China, Khalil Hashmi, has said that significant progress has been made in strengthening bilateral economic cooperation between Pakistan and China, with more than 300 Memorandums of Understanding (MoUs) and over three dozen joint venture agreements signed during the past two years, exceeding a combined value of $13 billion.
Speaking at a meeting held at the Karachi Chamber of Commerce and Industry during the visit of a 70-member high-level delegation from China’s IBI Group, Hashmi said that although MoUs are usually the first step toward long-term cooperation, the Government of Pakistan has established a comprehensive mechanism to ensure their effective implementation and conversion into practical business agreements.
He revealed that Pakistan’s conversion rate of MoUs into formal agreements has reached nearly 30 percent, reflecting the government’s strong follow-up and implementation system.
During the event, a strategic partnership MoU was also signed between the Karachi Chamber and the IBI Group to promote the digital economy and industrial development. The agreement was signed by KCCI President Rehan Hanif and IBI Group Director Liu Junzhai.
Khalil Hashmi further disclosed that Pakistan is currently engaged in active discussions with CATL, one of the world’s leading battery manufacturers specializing in lithium-ion and sodium-based battery technologies.
He said Pakistan is encouraging the company to invest in the country and expressed hope that important progress could be achieved during the Pakistani Prime Minister’s upcoming visit to China.
The ambassador noted that the global market is gradually shifting from lithium-ion batteries to sodium-based battery technology, while Pakistan possesses abundant raw materials required for this emerging industry.
He emphasized that Pakistan aims to gain a first-mover advantage in the sector and is continuously working to attract investment in advanced battery manufacturing and new energy technologies.
Earlier, a high-level Chinese delegation comprising more than 50 industrialists, traders, and investors visited Federation House Karachi, where important business-to-business (B2B) meetings were held with Pakistani businessmen and industrialists. Ambassador Khalil Hashmi also accompanied the delegation during the visit.