To strengthen the bilateral relationship and increase the benefits of the China-Pakistan Economic Corridor, Prime Minister Shehbaz Sharif on Monday emphasised the need of building a strong business-to-business relationship between Pakistan and China (CPEC).
On Monday, he remarked, in a speech to the Pakistan China Business and Investment Forum’s first meeting in Islamabad, that we needed to increase our efforts to connect with Chinese trade groups and create an environment that would attract Chinese investment.
The PM expressed his confidence that his trip to China and conversations with the Chinese leadership will help achieve these goals and develop strategic and cultural relations.
Additionally, PM Shehbaz emphasized his strong belief that the CPEC has transformed the growth of economic relations between the two countries.
He said that because of the energy projects completed under CPEC, Pakistan was able to handle the load-shedding issue.
According to the prime minister, transferring Chinese industries to Pakistan by establishing Special Economic Zones will benefit businesses in both countries due to Pakistan’s considerably affordable labour wages.
Agro-based industrial facilities may be installed in Pakistan, and the country can export agricultural products to the Middle East and other countries, according to the prime minister, who also claimed that Pakistan can increase its agricultural output by using contemporary Chinese methods and technology.
About China’s achievements under President Xi Jinping, PM Shehbaz stated that Pakistan should follow and learn from the Chinese model.
He praised the Chinese government and companies for their invaluable assistance to Pakistan’s flood victims and said that Beijing is now one of the largest donors to flood relief.
China built an air bridge between Beijing and Islamabad and sent vital aid supplies like food and tents over it. According to him, the way Chinese individuals and companies helped with flood relief demonstrates how close friends Beijing and Islamabad are.