Pakistan-China ties just got a massive economic push as Prime Minister Shehbaz Sharif wrapped up his China visit with $8.5 billion worth of agreements and MoUs.
🔑 CPEC Phase 2 – Five New Corridors
The highlight was Shehbaz’s meeting with Chinese Premier Li Qiang in Beijing, where both sides launched CPEC Phase 2. They agreed to develop five new economic corridors in agriculture, mining, textiles, IT, and industry, alongside fresh cooperation in science, media, and technology.
💰 The Big Numbers
- $1.5 billion agreements signed between Pakistani and Chinese companies to boost trade, investment, and industrial collaboration.
- $7 billion MoUs inked for infrastructure and development projects to fuel Pakistan’s economic growth.
🚄 Connectivity & Finance Push
Shehbaz pressed for quick progress on flagship projects — Karakoram Highway re-alignment, ML-1 railway upgrade, and Gwadar Port operationalization. He also announced plans to issue Panda Bonds in China’s capital market to attract investment.
🤝 Strategic Partnership
Both premiers reaffirmed their all-weather friendship with a joint action plan, strengthening Pakistan-China’s strategic cooperation. Shehbaz thanked China for its consistent support to Pakistan’s sovereignty and reform agenda.
📊 Business-to-Business Momentum
To further boost ties, over 300 Pakistani and 500 Chinese companies will participate in an upcoming investment conference in Beijing, creating vast new opportunities for collaboration.
The visit ended with a state luncheon hosted by Li Qiang, symbolizing the shared vision of stronger economic and strategic cooperation between the two nations.