Punjab Chief Minister Maryam Nawaz Sharif, leading a delegation on her visit to China, has extended an invitation to Shanghai-based companies to invest in Punjab’s Special Economic Zones (SEZs). The visit, which focuses on strengthening trade, investment, and strategic collaboration, underscores the deep-rooted ties between Pakistan and China.
Strengthening Ties Between Punjab and Shanghai
On the third leg of her China visit, CM Maryam Nawaz met with Zou Zongming, the Deputy Secretary of the Communist Party of China (CPC) Shanghai Committee. The meeting highlighted mutual aspirations to foster economic growth and collaborative efforts in various sectors, including trade, technology, and industrial development.
Both sides emphasized their shared commitment to broadening economic ties. Maryam Nawaz expressed her gratitude for China’s continued support in nurturing Pakistani talent by offering training and educational opportunities to students and professionals.
Focus on Special Economic Zones
During the discussions, CM Maryam invited Chinese investors to explore opportunities in Punjab’s Special Economic Zones, designed to drive regional economic development. She highlighted sectors such as IT, automobiles, robotics, and semiconductors as prime areas for collaboration. According to the Chief Minister, Punjab’s SEZs offer an ideal platform for Shanghai companies to expand their global footprint while boosting economic activity in Pakistan.
China’s Role in Pakistan’s IT Growth
Maryam Nawaz recognized Shanghai’s status as a global trade and financial powerhouse and acknowledged its role in enhancing Pakistan’s IT sector. She emphasized how China’s cooperation has been instrumental in building capacity within Pakistan’s tech industry, paving the way for innovation and growth.
The Chief Minister assured that Punjab is ready to collaborate extensively with Shanghai authorities to elevate the IT industry to new heights. She further linked the vision of Pakistan’s IT sector development to the strategies championed by Chinese President Xi Jinping.
Revitalized Economic Outlook for Pakistan
Addressing Pakistan’s recent economic trajectory, Maryam Nawaz stressed that after years of political and financial instability, the country’s economy is now on a path to recovery. She noted improving economic indicators and assured Chinese investors of government facilitation, emphasizing Punjab’s commitment to fostering a business-friendly environment.
The Chief Minister also referenced the landmark China-Pakistan Economic Corridor (CPEC), which has significantly deepened economic and strategic ties between the two nations. She highlighted that projects initiated during the tenure of former Prime Minister Nawaz Sharif have laid the groundwork for stronger bilateral cooperation.
Commitment to Mutual Growth
Deputy Secretary Zou Zongming reaffirmed Shanghai’s dedication to fostering stronger ties with Punjab in trade, investment, infrastructure, and cultural exchanges. He emphasized the importance of people-to-people connections in strengthening the long-term partnership between the regions.
This visit marks another milestone in Pakistan and China’s historic relationship. With mutual investments and collaborative projects on the horizon, the Punjab government’s proactive efforts aim to solidify economic growth and reinforce the strategic partnership with China.