Pakistan-China CPEC Phase II Cooperation

Prime Minister Shehbaz Sharif of Pakistan held high-level meetings with leading Chinese enterprises, including FAMSUN, Shandong Xinxu Group Corporation, China Communications Construction Corporation (CCCC), and China Communications Construction Company — China Road and Bridge Corporation (CRBC), during his four-day official visit to China. The meetings reaffirmed Pakistan's commitment to deepening economic, industrial, and infrastructure cooperation under CPEC Phase II. Prime Minister Shehbaz Sharif invited Chinese companies to increase investment and establish manufacturing and technology transfer facilities in Pakistan, particularly in agriculture, maritime development, battery manufacturing, mineral processing, and infrastructure projects like ML-1 and Karakoram Highway realignment. Chinese companies expressed strong confidence in Pakistan's economic potential and interest in expanding investments across various sectors. Several agreements and MoUs, including a $1.12 billion deal between Haolu Engineering and Technology Company and Fertilizer, and a $100 million MoU between IBI Beijing United Information Technology and Refinitiv Instrument Code, were signed, signaling significant economic cooperation.