Sunday, May 11, 2025
Observer Diplomat
  • Home
  • Regions
    • US & Canada
    • China
    • Latin America & Caribbean
    • Middle East
    • Central Asia
    • South Asia
    • East Asia & The Pacific
    • Africa
    • Europe
  • Topics
    • Opinion
    • Society
    • Security
    • Economy
    • Diplomacy
    • Politics
    • Environment
  • More
    • National Days
    • Podcasts
    • Interviews
    • Books and Reviews
    • Heads of Mission In Pakistan
    • Events
  • Magazine
  • About
    • Subscription
    • Newsletter
    • About Us
    • Write For Us
    • Advertise
    • Privacy Policy
    • Contact Us
No Result
View All Result
  • Home
  • Regions
    • US & Canada
    • China
    • Latin America & Caribbean
    • Middle East
    • Central Asia
    • South Asia
    • East Asia & The Pacific
    • Africa
    • Europe
  • Topics
    • Opinion
    • Society
    • Security
    • Economy
    • Diplomacy
    • Politics
    • Environment
  • More
    • National Days
    • Podcasts
    • Interviews
    • Books and Reviews
    • Heads of Mission In Pakistan
    • Events
  • Magazine
  • About
    • Subscription
    • Newsletter
    • About Us
    • Write For Us
    • Advertise
    • Privacy Policy
    • Contact Us
No Result
View All Result
Observer Diplomat
No Result
View All Result
Home Magazine

Pakistan and China Forge Stronger Ties: Six Agreements and MOUs Signed for Economic Cooperation

News Desk by News Desk
July 31, 2023
in Magazine
0
Pakistan and China Forge Stronger Ties: Six Agreements and MOUs Signed for Economic Cooperation
Share on FacebookShare on Twitter

In a significant move to bolster their bilateral relations, Pakistan and China signed six crucial agreements and Memoranda of Understanding (MOUs) during a ceremony witnessed by Prime Minister Shehbaz Sharif and Chinese Vice Premier He Lifeng in Islamabad. The agreements cover a wide range of areas, including the China Pakistan Economic Corridor (CPEC), experts exchange mechanism, trade, and strategic projects. The signing marks a milestone in the enduring friendship between the two nations and is poised to further enhance economic cooperation and propel both countries towards shared progress and prosperity.

 

Strategic Collaboration in CPEC

 

One of the key agreements signed during the ceremony pertains to the joint cooperation committee of the China Pakistan Economic Corridor (CPEC). Minister for Planning and Development Ahsan Iqbal and the Vice Chairman of the National Development and Reforms Commission of China put pen to paper in this momentous deal. CPEC has already witnessed over $25 billion worth of investments in Pakistan’s power and hydel sector, road infrastructure, and public transport. The signing of this agreement signals the start of the second phase of CPEC, wherein both nations aim to explore investments in sectors like agriculture and information technology.

 

Expanding Trade Horizons

 

Another vital document signed pertains to the establishment of an experts exchange mechanism within the framework of CPEC. Minister for Planning and Development Ahsan Iqbal, along with the Vice Chairman of the National Development and Reforms Commission of China, formally agreed to this exchange mechanism, fostering knowledge sharing and strengthening cooperation between the two countries.

In a move to promote trade in agricultural products, the Secretary of the Ministry of National Food Security of Pakistan, Zafar Hassan, and the Chinese Charge D’Affaires, Pang Chunxue, signed a significant document for the export of dried Chillies from Pakistan to China. This agreement opens up new avenues for Pakistani agricultural products in the vast Chinese market, creating opportunities for economic growth and prosperity.

 

Advancing Infrastructural Projects

 

The realignment of Karakoram Highway Phase II project feasibility study took a step forward with the signing of another document. Member planning of the National Highway Authority, Asim Amin, and the Chinese Charge D’Affaires, Pang Chunxue, inked this agreement, further solidifying the partnership between the two countries in advancing vital infrastructural projects.

Moreover, both nations agreed to promote the strategic ML-1 project, aiming to bolster connectivity and transportation in the region. This project is set to bring significant economic benefits to Pakistan and strengthen the bond between the two countries.

The signing of six agreements and MOUs between Pakistan and China reflects the strong and enduring bond between the two countries. Prime Minister Shehbaz Sharif expressed his confidence that these initiatives would pave the way for immense progress and prosperity. The agreements cover vital sectors like CPEC, trade, and strategic projects, and are expected to strengthen the economic ties between Pakistan and China. As both countries embark on the second phase of CPEC, they are poised to emulate the Chinese model of development to achieve peace and prosperity in the region. The signing ceremony marks a new chapter in the relationship between Pakistan and China, reaffirming their status as “all-weather friends” and “iron brothers.”

Previous Post

Saudi Arabia to Host Ukraine Peace Talks: World Leaders Gather to Discuss Kyiv’s 10-Point Peace Formula

Next Post

Russian Wheat Reaches Karachi Port, Eases Flour Crisis and Sugar Prices

News Desk

News Desk

Next Post
Russian Wheat Reaches Karachi Port, Eases Flour Crisis and Sugar Prices

Russian Wheat Reaches Karachi Port, Eases Flour Crisis and Sugar Prices

  • Trending
  • Comments
  • Latest
Saudi Arabia Bans 1-Year Visit Visa for 14 Countries to Curb Illegal Hajj Pilgrims

Saudi Arabia Bans 1-Year Visit Visa for 14 Countries to Curb Illegal Hajj Pilgrims

February 4, 2025
Dublin’s Closed Israeli Embassy Becomes Palestinian Museum

Dublin’s Closed Israeli Embassy Becomes Palestinian Museum

December 27, 2024
De-dollarization Gains Momentum: 12 Countries Abandoned the US Dollar for Trade

De-dollarization Gains Momentum: 12 Countries Abandoned the US Dollar for Trade

January 17, 2025
Oppenheimer and Abdus Salam: A Rare Encounter of Scientific Minds Amidst Hollywood Frenzy

Oppenheimer and Abdus Salam: A Rare Encounter of Scientific Minds Amidst Hollywood Frenzy

July 29, 2023
Interview of Foreign Minister of Pakistan with Chinese Journalist

Interview of Foreign Minister of Pakistan with Chinese Journalist

0
Breakfast celebration in Turkish Embassy Islamabad

Breakfast celebration in Turkish Embassy Islamabad

0
Pakistan prepares for 75th Anniversary in Tanzania

Pakistan prepares for 75th Anniversary in Tanzania

0
Pakistan rice festival in Iran

Pakistan rice festival in Iran

0
Will Pope Leo XIV Be the Beacon of Hope and Peace the World So Desperately Needs?

Will Pope Leo XIV Be the Beacon of Hope and Peace the World So Desperately Needs?

May 8, 2025
Pakistan Reports 31 Dead in Indian Missile Strikes

Pakistan Reports 31 Dead in Indian Missile Strikes

May 7, 2025
Pakistan Downs 5 Indian Jets in Retaliation for Missile Strikes

Pakistan Downs 5 Indian Jets in Retaliation for Missile Strikes

May 7, 2025
Operation Sindoor: Confirmed Details of India’s Strike on Pakistan

Operation Sindoor: Confirmed Details of India’s Strike on Pakistan

May 7, 2025

Recent News

Will Pope Leo XIV Be the Beacon of Hope and Peace the World So Desperately Needs?

Will Pope Leo XIV Be the Beacon of Hope and Peace the World So Desperately Needs?

May 8, 2025
Pakistan Reports 31 Dead in Indian Missile Strikes

Pakistan Reports 31 Dead in Indian Missile Strikes

May 7, 2025
Pakistan Downs 5 Indian Jets in Retaliation for Missile Strikes

Pakistan Downs 5 Indian Jets in Retaliation for Missile Strikes

May 7, 2025
Operation Sindoor: Confirmed Details of India’s Strike on Pakistan

Operation Sindoor: Confirmed Details of India’s Strike on Pakistan

May 7, 2025

Observer Diplomat is a preeminent International Affairs and Diplomatic Magazine distinguished by its women-led editorial team. Committed to delivering in-depth analyses of global events, we offer a unique and nuanced perspective on international news. Our magazine serves as a beacon of knowledge, presenting a comprehensive understanding of the intricate dynamics shaping the world today.


REGIONS

  • Africa
  • Central Asia
  • China
  • East Asia & The Pacific
  • Europe
  • North America
  • Russia
  • South Asia

TOPICS

  • Diplomacy
  • Economy
  • Environment
  • Events
  • Opinion
  • Podcasts
  • Politics

ABOUT

  • Subscription
  • Newsletter
  • About Us
  • Write For Us
  • Privacy Policy
  • Advertise
  • Contact Us

Follow us

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 observerdiplomat

No Result
View All Result
  • Home
  • Regions
    • US & Canada
    • China
    • Latin America & Caribbean
    • Middle East
    • Central Asia
    • South Asia
    • East Asia & The Pacific
    • Africa
    • Europe
  • Topics
    • Opinion
    • Society
    • Security
    • Economy
    • Diplomacy
    • Politics
    • Environment
  • More
    • National Days
    • Podcasts
    • Interviews
    • Books and Reviews
    • Heads of Mission In Pakistan
    • Events
  • Magazine
  • About
    • Subscription
    • Newsletter
    • About Us
    • Write For Us
    • Advertise
    • Privacy Policy
    • Contact Us

© 2023 observerdiplomat