Haroon Akhtar Khan emphasized Pakistan-China B2B cooperation focusing on investment, technology transfer, and export growth, implementing MoUs.
Key Points
-
Haroon Akhtar Khan, advisor to the Prime Minister on Industries and Production, emphasized Pakistan-China B2B cooperation’s potential for investment, technology transfer, and export growth. He advocated turning MoUs into active projects across sectors like lithium-ion batteries, agriculture, and pharmaceuticals during a meeting with senior officials.
-
Substantial progress has been achieved on joint ventures and MoUs involving significant investments. The advisor highlighted the need for practical implementation, beyond mere MoU signings, to ensure concrete outcomes, aligning with the Prime Minister’s directives for enhanced economic ties through B2B collaborations.
- The government is committed to deepening B2B connections with China, focusing on technology inflow, local production enhancement, and export capacity expansion. Coordination among ministries and departments is crucial for actualizing these collaborations into investments, production sites, and export-driven projects.
In a recent pivotal meeting, Haroon Akhtar Khan, the Advisor to the Prime Minister of Pakistan on Industries and Production, spotlighted the growing Pakistan-China Business-to-Business (B2B) cooperation. This collaboration is pivotal in fostering investment opportunities, facilitating technology transfer, and augmenting local manufacturing and export potential. The advisor’s remarks were delivered during a session aimed at assessing the progress of this B2B partnership and the implementation of Memoranda of Understanding (MoUs) between businesses from the two nations. Key attendees included senior officials from various governmental ministries, departments, and other relevant stakeholders, all focused on bolstering these economic ties.
Haroon emphasized the importance of translating the MoUs into actionable projects, outlining that mere signing is insufficient without practical application leading to concrete investments and joint ventures. He acknowledged substantial progress on multi-sector MoUs and joint ventures valued at millions and highlighted the need for continued efforts to transform agreements into tangible outcomes. A particular focus was placed on sectors such as lithium-ion batteries, agriculture, and pharmaceuticals, which have seen significant interest and development due to Chinese involvement. This focus signifies a crucial industrial opportunity for Pakistan, leveraging B2B linkages to promote local manufacturing and exports.
Furthermore, Haroon reiterated the significance of the Prime Minister’s diplomatic engagement in China, underscoring that the ensuing Pakistan-China B2B conferences have been instrumental in enhancing bilateral economic relations. These engagements have fostered ventures worth hundreds of millions across diverse sectors. He assured that sustained follow-ups are vital for ensuring timely progress, in accordance with the directives of the Prime Minister, to transform these partnerships into real investment opportunities. The meeting also examined coordination mechanisms among ministries to ensure the effective realization of these B2B initiatives, thereby facilitating technology inflow, local production enhancement, and export capacity expansion in Pakistan.
Source link : Pakistan-China B2B Cooperation to Boost Investment, Technology, and Exports: Haroon