Islamabad: Prime Minister Mian Muhammad Shehbaz Sharif has directed for the practical implementation of the MoUs signed between Pakistan and China in different sectors at the Hangzhou Business-to-Business Conference.

PM Shehbaz Sharif was chairing a meeting in Islamabad on Monday to review the progress on decisions taken at the Conference during his recent visit to China.

The Prime Minister said promoting industrial, agricultural and technical cooperation with China will increase Pakistan’s exports and create new employment opportunities.

He said Pakistan’s agriculture sector can be revolutionized through Pak-China joint ventures, agricultural research and modern technology.

The Prime Minister directed for operationalizing the cooperation agreed upon between the Chinese Academy of Agricultural Sciences and the Pakistan Agricultural Research Council.

He said the unprecedented increase in business ties between the private sectors of Pakistan and China is the beginning of a new era of economic partnership between the two countries.

Over 123 Pakistani and 436 Chinese companies participated in the Pak-China B2B Conference on 24th of last month where 207 MoUs worth 7.54 billion dollars were signed.

The MoUs were signed in the fields of battery energy storage systems, artificial intelligence (AI), extensive cooperation in the fields of fertilizers, seeds, advanced irrigation equipment, fisheries and food processing.

MoUs were also signed for joint investment in advanced industrial sectors including biotechnology and vaccine manufacturing.