KARACHI: Pakistan is expecting “heavy” Chinese investments across 10 key sectors, including agriculture, renewable energy and technology, the Pakistani food security minister said on Monday, as officials and business leaders from both countries gathered for a major agriculture investment summit in Islamabad.
The Pakistan-China Agriculture Investment Conference was billed by Pakistan as a platform for deepening bilateral agricultural ties and supporting broader economic engagement between the two countries.
Around 120 Chinese companies and over 190 Pakistani firms participated in the event that focused on fertilizers, seed varieties, machinery, precision farming and smart irrigation systems, according to the organizers.
Speaking at the event, National Food Security Minister Rana Tanveer Hussain said the conference’s objective was to project Pakistan as a place where Chinese enterprises could grow, innovate and succeed alongside Pakistani partners.
“Heavy investments worth millions of dollars are expected, with multiple MoUs [memorandums of understanding] likely to be finalized by the end of the day across 10 key sectors, including agriculture, food processing, livestock, fisheries, agri-inputs, farm machinery, renewable energy, logistics, technology and value-added exports,” Hussain said on Monday evening.
