With the signing of numerous new agreements intended to support Pakistan’s industry and agriculture, the second phase of the China-Pakistan Economic Corridor (CPEC) has officially commenced.
In Beijing, China National Cereals, Oils, and Foodstuffs and Pakistan’s International Innovation Park Limited inked a significant $400 million deal.
This agreement is anticipated to increase Pakistan’s agricultural exports by enabling duty-free access for a wide range of products on international markets.
at addition, a Memorandum of Understanding (MoU) was formed at 200 textile factories—a crucial industry for Pakistan’s economy—to advance digital transformation and enhance supply chains.
