On Wednesday, Prime Minister Muhammad Shehbaz Sharif reaffirmed Pakistan’s commitment to strengthening economic ties with China, extending an invitation to Chinese enterprises to explore investment opportunities across various sectors, with particular emphasis on maritime industries.
The Prime Minister made the remarks while meeting a delegation from Shandong Xinxu Group Corporation, led by Chairman Hou Jianxin, according to a statement from the Prime Minister’s Office.
“Pakistan and China have always stood by each other in times of challenge,” Shehbaz said, highlighting Islamabad’s aim to elevate bilateral economic cooperation. He assured the delegation that the government would provide full support to Chinese investors, especially in developing Special Economic Zones (SEZs).
Discussions during the meeting highlighted the significant untapped potential in Pakistan’s ship-breaking and ship-recycling sectors. The Shandong Group expressed keen interest in establishing a green ship-breaking yard and a maritime industrial complex in the country.
The company also indicated plans to invest in fisheries, fish processing, and date processing industries.
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Chairman Hou Jianxin expressed gratitude to the Prime Minister and the Government of Pakistan for their support, recognizing the country’s favorable investment environment.
The meeting was attended by Federal Minister for Maritime Affairs Junaid Anwar Chaudhry, Prime Minister’s Advisor Dr. Tauqir Shah, and senior government officials.