Categories: Business

‘2019 to be year of industrial cooperation between China and Pakistan’

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ISLAMABAD: China and Pakistan agreed on Tuesday to make 2019 the ‘year of industrial, socio-economic and agriculture cooperation’ as Beijing promised to despatch a series of business delegations over the next two months to move forward on at least four special industrial zones during the year.

As a follow up to the recently concluded Joint Cooperation Committee (JCC) of the China-Pakistan Economic Corridor (CPEC), Minister for Planning and Development Makhdum Khusro Bakhtyar and Chinese Ambassador to Pakistan Yao Jing had a meeting here on Tuesday regarding the visits of Chinese investors to the country, according to a press release issued by the commission.

Bakhtyar said the memorandum of understanding on industrial cooperation, signed during the 8th JCC, provided a framework to promote communication on key industries such as textile, petrochemical and iron & steel, and encouraged Chinese investors to relocate and explore opportunities of investment in Pakistan.

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