Pakistan, China reach $34 million intended cooperation agreements
Pakistan, China reach $34 million intended cooperation agreements

LAHORE: The Chinese and Pakistani companies have reached intended cooperation agreements (ICA) worth $34 million in various sectors, including construction, engineering, manufacturing and technology transfer during the recently concluded three-day Pakistan Industrial Expo 2021, a statement said.

As many as nine Chinese companies are considering long-term development projects in Pakistan as a result of interaction between both sides at the expo. Encouraged from the results, organiser Everest International Expo, has also setup a “permanent display centre” in Lahore to showcase Chinese products for physical inspection by the local industry representatives before further negotiations.

More than 100 Chinese companies participated in the 5th Pakistan Industrial Expo 2021 through both physical and online mode of participation.

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