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Pakistan·China·Trade & Economy·Diplomacy·Energy

Pakistan PM urges swift action on $7 billion China investment deals

Thursday, 4 June 2026, 06:28 · 1 min read

Pakistani Prime Minister Shehbaz Sharif met with Chinese Ambassador Jiang Zaidong in Islamabad to press for rapid follow-through on agreements reached during a recent state visit to China. Over $7 billion in memoranda of understanding were signed at a Pakistan-China investment conference in Hangzhou on 24 May, covering areas such as charging infrastructure, battery storage, solar energy, and pharmaceuticals. The prime minister called for immediate action on key priorities under CPEC 2.0 (the second phase of the China-Pakistan Economic Corridor, a vast multi-billion-dollar connectivity initiative), including agriculture, technology, special economic zones, and the realignment of the Karakoram Highway linking the two countries.

Sources
DawnPM Shehbaz stresses need to follow up on recent MoUs during meeting with Chinese envoy ↗︎
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