Pakistan, China sign multiple agreements in agriculture, logistics and digital economy sectors

Prime Minister Shehbaz Sharif on Thursday oversaw the signing of multiple agreements between Pakistan and China in the fields of agriculture, logistics, digital and green economy, the state-run Associated Press of Pakistan (APP) said in a statement.

The memorandums of agreement were signed during the third day of PM Shehbaz Sharif’s visit to China from June 4-8 as the South Asian nation pushes to bring in much needed foreign direct investment.

The focus of Sharif’s visit is business-to-business meetings and efforts to seek an upgrade for the China-Pakistan Economic Corridor (CPEC), a flagship of President Xi Jinping’s Belt and Road Initiative, through which Beijing has pledged over $60 billion in Pakistan since 2015.