Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, envoy discuss promotion of Pak-China economic cooperation

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb and Pakistan's Ambassador to China, Khalil Hashmi on Wednesday reviewed progress on Pakistan-China economic cooperation and discussed measures to attract greater Chinese investment through enhanced business partnerships and financial collaboration

ISLAMABAD, (APP - UrduPoint / Pakistan Point News - 15th Jul, 2026) Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb and Pakistan's Ambassador to China, Khalil Hashmi on Wednesday reviewed progress on Pakistan-China economic cooperation and discussed measures to attract greater Chinese investment through enhanced business partnerships and financial collaboration.

The Ambassador called on the federal minister here and discussed ways to strengthen business-to-business (B2B) collaboration, particularly for small and medium enterprises (SMEs), by facilitating partnerships with leading Chinese industrial platforms.

The finance minister appreciated Hashmi's efforts in advancing Pakistan's economic diplomacy in China and appreciated the embassy's structured approach to investor engagement, including sector-specific outreach, advance project preparation, and closer coordination between prospective Chinese investors and Pakistani businesses to promote investment opportunities.

He emphasized that attracting quality investment, expanding exports, and promoting private sector collaboration remained central to the Government's economic agenda.

Aurangzeb appreciated the progress achieved and underscored the importance of translating investment commitments into timely implementation.

He emphasized the need for effective coordination across government institutions to facilitate project execution, enhance investor confidence, and capitalize on emerging opportunities under the Pakistan-China economic partnership.

The discussions also covered expanding cooperation in capital markets, sovereign financing and emerging areas of financial innovation aimed at deepening bilateral economic and financial ties.

Earlier, Ambassador Khalil Hashmi briefed the minister on the embassy's ongoing engagement with leading Chinese financial institutions and development partners, preparations for future investment roadshows, and opportunities to enhance collaboration with institutions such as the Asian Infrastructure Investment Bank (AIIB) and the Silk Road Fund in support of private sector investment and infrastructure financing.

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The Ambassador briefed the Finance Minister on the progress of investment facilitation initiatived being undertaken by Pakistan's Embassy in Beijing.

He informed that Memoranda of Understanding (MoUs) valued at over US$ 20 billion had been signed between Pakistani and Chinese entities, supported by a dedicated mechanism to monitor implementation.

He noted that a significant number of these commitments had already progressed into formal agreements and commercial arrangements, reflecting encouraging momentum in bilateral investment cooperation.

Ambassador Hashmi further highlighted growing Chinese private sector interest across manufacturing, logistics, pharmaceuticals, biotechnology, textiles, and industrial services.

He said, nine agreements had recently been concluded in the pharmaceutical and biotechnology sectors, while more than 150 Chinese companies were currently being engaged through the Embassy's investment facilitation platform.

Progress on major Chinese investments in industrial manufacturing, logistics infrastructure, and export-oriented textile projects currently under implementation in Pakistan was also reviewed.

Ambassador Hashmi also apprised the Finance Minister of efforts to align technical and vocational training with new Chinese investments to help develop the skilled workforce required by emerging industries.

They also reviewed measures to strengthen institutional coordination and further improve investment facilitation between the two countries.

Pakistan's efforts to deepen economic cooperation under the China-Pakistan Free Trade Agreement (CPFTA) were also review and both sides discussed avenues for expanding exports, promoting value-added manufacturing, improving market access for Pakistani products, and encouraging long-term industrial collaboration between the two countries.