Pakistan, China Likely to Sign Over 100 MoUs Worth $5 Billion During PM’s Visit

Pakistan and China are expected to sign more than 100 Memorandums of Understanding (MoUs) worth approximately $5 billion during Prime Minister Shehbaz Sharif’s official visit to China from May 24 to 26. Around 90 percent of the agreements will be business-to-business arrangements, with the remaining 10 percent involving government-to-business collaborations. Prime Minister Shehbaz Sharif will meet with Chinese President Xi Jinping and Premier Li Qiang to discuss expanding economic cooperation, accelerating investment, and reviewing regional security developments. The agreements will cover sectors like agriculture, including agri-processing, poultry, dairy, fisheries, and cold chain logistics, aiming to boost productivity through technology transfer. Technology and industrial cooperation will also be key, with planned agreements in information technology, fintech, e-commerce, cloud computing, telecommunications, and advanced manufacturing. Additional focus will be on electric vehicle parts production and mobile phone/laptop battery manufacturing, aligning with Pakistan’s industrial modernization goals. China remains Pakistan’s largest bilateral investor, with over $25 billion invested under the China-Pakistan Economic Corridor since 2015. The new MoUs aim to encourage private sector participation beyond traditional infrastructure projects, diversifying Pakistan’s export base amid improving macroeconomic conditions. To ensure implementation, a high-level committee headed by Special Assistant to the Prime Minister Haroon Akhtar Khan has been formed. This committee will monitor progress, coordinate with ministries, and address challenges to guarantee timely execution of the agreements.