Omar Ayub, Minister for Economic Affairs, said that Islamabad and Beijing are entering the next phase of the China-Pakistan Economic Corridor (CPEC) under which Special Economic Zones (SEZs) are being established. China has been Pakistan’s largest trading partner for the past six years, since 2015, and China is Pakistan’s leading source of imports and the second-largest export destination.
The minister for economic affairs highlighted that Pakistan provided immense investment opportunities in diverse sectors.
Omar emphasized that Pakistan’s textile, leather, pharmaceutical, and surgical instrument industries were among the best globally, and their products were exported all over the globe.
The meeting was co-chaired by Vice Minister of China Ren Hongbin and Economic Affairs Division Secretary Mian Asad Hayauddin. Both sides discussed projects in the energy, infrastructure, and social sectors.
They agreed to promote investment and industrial cooperation on a fast-track basis. In his remarks, Vice Minister of China Ren Hongbin said that fruitful discussions on economic relations between delegates of the two countries would deepen the bilateral relationship.
