China and Pakistan have signed major investment agreements worth nearly $1.22 billion, focusing on renewable energy, electric vehicles, pharmaceuticals, and smart technology sectors during Pakistani Prime Minister Shehbaz Sharif’s official visit to Beijing.
The agreements and memorandums of understanding (MoUs) were signed in the presence of Prime Minister Shehbaz Sharif during his four-day state visit to China, further strengthening the long-standing economic and strategic partnership between the two countries.
Multiple Sectors Covered
In addition to the investment deals, both sides signed several cooperation agreements covering:
- Trade
- Agriculture
- Climate cooperation
- Education
- Technology
- Energy development
Officials from both countries believe the agreements will deepen bilateral cooperation and open new opportunities for economic growth and regional connectivity.
Xi Jinping Reaffirms Support for Pakistan
During bilateral talks, Chinese President Xi Jinping said China would continue to place the highest importance on its relationship with Pakistan regardless of global circumstances.
He described Pakistan as one of China’s “closest and most reliable friends.”
‘Iron Brothers’
Prime Minister Shehbaz Sharif referred to China and Pakistan as “iron brothers,” saying the friendship between the two nations is unique and unmatched.
Pakistan’s Army Chief Asim Munir was also present during the high-level bilateral meeting.
China Praises Pakistan’s Regional Diplomacy
China also praised Pakistan’s recent diplomatic efforts aimed at easing tensions surrounding the Iran crisis amid the evolving international situation.
Analysts believe the latest agreements reflect growing cooperation between Beijing and Islamabad in both economic and geopolitical spheres.
Source: Reuters
