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PM Shehbaz lands in Beijing, will hold 'high-level' meetings with Chinese leadership
Prime Minister Shehbaz Sharif reached Beijing on Sunday, where he would have โhigh-level engagementsโ with the Chinese leadership, including President Xi Jinping and his counterpart, Li Qiang. PM Shehbaz landed in Hangzhou on Saturday, kicking off his four-day official visit to China. He addressed the Pakistan-China Business-to-Business Investment Conference in Hangzhou earlier today, following which he reached Beijing, where he was received by Chinese Minister of Environment and Ecology Huang Runqiu. โDuring his stay in Beijing, the prime minister will hold high-level engagements, including meetings with Chinese President Xi Jinping and Prime Minister Li Qian,g to further strengthen Pakistan-China all-weather strategic cooperative partnership and advance cooperation under CPEC Phase-II, particularly in trade, investment, industry, agriculture, science and technology, and people-to-people exchanges,โ a statement by the PMโs Office (PMO) said. It added that in Hangzhou, the PM chaired the opening ceremony of the third Pakistan-China B2B Investment Conference, which was focused on โcharging infrastructure, battery energy storage and solar technologies, and pharmaceuticalsโ. โHe also engaged with the provincial leadership, leading Chinese enterprises, including StarCharge, CATL and Xiuzheng Pharmaceutical, to explore practical investment and industrial cooperation,โ the statement said, adding that PM Shehbaz also visited Alibaba Headquarters, where he was received by Executive Chairman Joe Tsai. PM highlights 4 areas for Pak-China cooperation While addressing the Pakistan-China Business-to-Business Investment Conference in Hangzhou, PM listed four areas of importance for Pakistan-China cooperation: agriculture, IT, special economic zones (SEZs), and mines and minerals. Noting that Pakistan was โbasically an agrarian economyโ, the premier noted the 1,000 Pakistanis who received advanced training in China last year were now back in the country โdoing a great jobโ. He called for both countries to move forward, taking opportunities to improve per-acre yields and have high-quality seeds, best agricultural practices, and mechanisation through which the agricultural sector could be advanced โmanifoldโ. โWe have signed MoUs worth billions of dollars, which now need to be converted into agreements. I am very happy to hear that 30 per cent of these M0Us have already been converted into agreements,โ the PM said. โChina imports every year about $100 billion worth of agricultural products from abroad,โ he said. โPakistanโs share is just a fraction โฆ We will be able to produce agricultural products as per your requirements.โ He stressed that if both countries worked together, they would be able to not only provide โmassiveโ job opportunities to the rural areas of Pakistan but also create value addition by raising โhundreds of thousandsโ of small and medium-scale entrepreneurs there who would export items to China. โIn the next five to seven years, we expect that we can increase our agricultural product trade to China by about $10bn,โ he said. โAnd this is not a big task. It can be done, it is possible, not difficult at all โ but we need your support,โ PM Shehbaz said. The premier also drew attention to the potential of SEZs, highlighting that Karachiโs SEZ spanned over 6,000 acres. He stated that the government would be providing โall basic amenitiesโ at the zone to encourage joint investments by Chinese and Pakistani entrepreneurs. โYou will be offered a red carpet treatment,โ he stated, adding that the investors would be offered land on long-term leases at โvery attractive terms and conditionsโ. โWe will have a world-class SEZ, and then that model will be replicated elsewhere in Pakistan through your great contribution,โ he said. Pointing out that โlabour in China has become pretty expensiveโ and that the country was moving towards a high level of industrialisation, PM Shehbaz invited Chinese investors to pursue joint ventures with Pakistani entrepreneurs in sectors where expensive labour had made China less competitive. The goods produced could be exported to third countries, creating a โwin-winโ situation for Chinese and Pakistani entrepreneurs alike, he said: โThis will be โฆ a roaring success in times to come, whether itโs textile or leather or other areas.โ He invited Chinese investors to come to Karachi to see its export zone, saying, โBe our guest; weโll play host to you, and youโll have great opportunities to understand business propositions.โ PM Shehbaz also noted the โhuge potentialโ of the IT and artificial intelligence (AI) sector, and highlighted Pakistanโs large deposits of minerals and gemstones to encourage Chinese entrepreneurs to invest in the mining sector. He concluded by stressing that Pakistan was looking for โexpertise, experience, investments โ not loans, not aid, not handoutsโ. โHandouts [and] aid never made a nation vibrant, never made a nation stand on its own feet,โ the premier remarked. He expressed his appreciation for President Xi Jinpingโs โdynamic leadershipโ and the deep friendship between Pakistan and China. The conference discussed the sectors of IT and Telecommunications, battery energy storage systems, and agriculture. DPM Dar arrives in Beijing Meanwhile, Deputy PM and Foreign Minister Ishaq Dar arrived in Beijing on Sunday, accompanied by Planning Minister Ahsan Iqbal. He was received at the Beijing airport by Vice Minister of the International Department of the CPC Central Committee (IDCPC), Sun Haiyan. โI will be later chief guest on behalf of PML-N, at the 2nd PakistanโChina Political Parties Forum and the 4th CPEC Political Parties Joint Consultation Mechanism, alongside H.E. Mr Liu Haixing, Minister of the IDCPC,โ the deputy foreign minister said in a post on X. Dar noted that the forum will bring together representatives from 12 political parties of Pakistan, including his PML-N. โLooking forward to productive discussions on strengthening political mutual trust, advancing high-quality CPEC cooperation, and deepening the enduring PakistanโChina friendship,โ Dar said in another post. Earlier in the day, Dar also addressed the Pakistan-China B2B Investment Conference. โOver 500 companies from both sides are present in this hall. You are the driving force behind this partnership. This conference belongs to you: it is for you, and because of you,โ he told the moot, according to a transcript shared by the Foreign Office. โOur government is pursuing an ambitious agenda of economic revival, industrial expansion, and sustainable growth. Over the past four years, we have achieved economic stabilisation, and the economic trajectory today is firmly upward, despite external headwinds,โ Dar affirmed. He further said, โToday, you will also hear about another successful joint venture between Servis Group of Pakistan and Long March Tyres of China. Within five years, this joint venture is now about to create a billion-dollar joint venture company.โ