China, Pakistan Sign New Multibillion-Dollar Deals as the two countries move forward with major investment and development agreements expected to bring billions of dollars into Pakistan’s economy over the coming years.
According to Federal Minister for Investment Qaiser Ahmed Sheikh, China is preparing to invest up to $10 billion in Pakistan in the near future, reflecting growing international confidence in the country’s economic outlook. He said global attention is increasingly focused on Pakistan, with expectations of broad-based foreign investment across multiple sectors.
New Joint Ventures and MoUs Finalized
The minister confirmed that new joint venture agreements worth $1.5 billion have been finalized between the governments of Pakistan and China. In addition, memorandums of understanding totaling nearly $9 billion have been signed in the agriculture, automotive, and minerals sectors, marking a significant expansion of bilateral economic cooperation.
He added that a large Pakistani trade delegation comprising around 300 business leaders recently visited China to explore investment opportunities and strengthen commercial partnerships.
Infrastructure Plans Linked to Reko Diq Project
As part of long-term development planning, the government has completed proposals to connect Chagai with Karachi through a special railway track and a new highway, aimed at supporting logistics for the Reko Diq mining project. The proposed economic corridor will improve transportation efficiency and industrial connectivity.
Funding of $7 million is expected to be secured from international financial institutions to support feasibility and planning work for this corridor, according to the minister.
Rising Demand for Pakistan’s Defense Exports
The federal minister also highlighted that following recent operational successes, global demand for Pakistan’s fighter aircraft has increased, with several countries expected to place production orders in the coming period.
Focus on Agriculture and Mining Investment
He emphasized that agriculture and mining will receive the highest levels of direct foreign investment, positioning these sectors as key drivers of Pakistan’s future economic growth.