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KARACHI: Pakistan’s Ambassador to China, Khalil Hashmi, said on Monday that Pakistan and China had signed more than 300 memorandums of understanding (MoUs) and over three dozen joint venture agreements (JVAs) during the last two years, with a cumulative value exceeding $13 billion.
Speaking at a meeting during the visit of a 70-member delegation from China’s IBI Group to the Karachi Chamber of Commerce and Industry (KCCI), he said the government had established a comprehensive mechanism to ensure the effective implementation of MoUs and their conversion into practical business agreements.
He said Pakistan’s conversion rate from MoUs to formal contracts and agreements had reached nearly 30 per cent, reflecting the effectiveness of the government’s follow-up and execution framework.
According to a KCCI press release, Mr Hashmi said Pakistan was engaged in discussions with CATL, one of the world’s largest battery manufacturers specialising in lithium-ion and sodium-based battery technologies.
