Prime Minister Shehbaz Sharif has given the green light to relocate Chinese industries to Pakistan as part of joint ventures between the two countries’ companies. This move follows recent engagements between Pakistan and China, showcasing the strong partnership between the two nations.
During a meeting to discuss matters of the Board of Investment (BoI), Shehbaz emphasized the government’s commitment to promoting both local and foreign investment in Pakistan. He directed authorities to follow up on memorandums of understanding signed between Pakistani and Chinese companies, highlighting the potential for China’s textile, leather, footwear, and other industries to be relocated to Pakistan.
The prime minister also instructed a review of the draft law for Special Economic Zones One Stop Shop and revealed plans to establish a Business Facilitation Centre in Islamabad with the help of Chinese experts. Additionally, a draft of the ‘Easy Business Act’ is set to be presented to the Cabinet Committee for Legislative Cases.
With a focus on creating a business-friendly environment, Pakistan remains committed to strengthening economic ties with China through joint ventures and investment opportunities.