Pakistan and China are preparing to sign agreements and memorandums of understanding worth more than $5 billion during Prime Minister Shehbaz Sharif’s upcoming visit to China, according to officials cited in media reports.
The prime minister is expected to undertake a high level visit to Beijing from May 24 to May 26, where more than 100 agreements and MoUs are likely to be signed between the two countries. The planned deals are expected to strengthen economic cooperation and boost investment across multiple sectors.
Majority of Agreements to Focus on Business Investments
Sources said preparations for new business to business investments between Pakistan and China have reached the final stage. Nearly 90 percent of the expected agreements will reportedly involve direct business partnerships, while the remaining agreements will focus on government to business cooperation.
Officials believe the upcoming visit could open new opportunities for trade, industrial collaboration, and technology transfer between the two countries.
Pakistan and China have maintained close economic ties under projects linked to the China Pakistan Economic Corridor, and the latest agreements are expected to further deepen bilateral cooperation.
PM Shehbaz Expected to Meet Chinese Leadership
During the visit, Prime Minister Shehbaz Sharif is expected to hold meetings with the Chinese President and Premier to discuss regional security issues and broader bilateral relations.
The discussions are also likely to focus on economic cooperation, investment opportunities, and strategic partnerships in emerging sectors.
Officials said both countries are aiming to expand collaboration beyond infrastructure projects and move toward industrial production, technology, and agriculture based partnerships.
Agriculture and Food Processing Agreements Expected
Several agreements are expected in the agriculture sector, including projects related to poultry, dairy farming, and fruit and vegetable processing.
Sources added that additional memorandums are likely to cover fisheries, cold chain logistics, seed production, fertilisers, agricultural chemicals, and animal vaccines.
Authorities believe these partnerships can help modernise Pakistan’s agriculture sector by introducing advanced Chinese technology, expertise, and investment.
IT, Fintech and Telecom Deals Also Planned
The two countries are also expected to sign agreements related to information technology, fintech, e commerce, cloud computing, and telecommunications.
Sources said Pakistan and China are considering joint industrial production initiatives, including the manufacturing of mobile phones and laptop batteries.
The visit may also result in agreements regarding electric vehicle parts manufacturing along with EV charging and storage infrastructure projects.
Officials see these projects as important steps toward supporting Pakistan’s digital economy and clean energy transition.
High Level Committee Formed to Monitor Progress
Prime Minister Shehbaz Sharif has formed a high powered committee under the leadership of Special Assistant Haroon Akhtar Khan to monitor progress on the proposed agreements.
According to sources, the committee will conduct weekly reviews to assess implementation and progress of all memorandums signed with China.
Relevant ministries and government divisions have also been instructed to regularly brief the committee regarding developments and any implementation related challenges.
Visit Seen as Important for Economic Cooperation
The upcoming visit is being viewed as a major step toward strengthening economic and strategic ties between Pakistan and China at a time when Islamabad is seeking increased foreign investment and industrial growth.
Analysts believe the expected agreements could help Pakistan attract new investment, improve industrial capacity, and expand cooperation in technology driven sectors.
The visit is also expected to reinforce long standing diplomatic and economic relations between the two neighbouring countries.