PAKISTAN and China`s first business-to-business (B2B) investment meeting on fisheries, organised in Qingdao, Shandong province on Oct 29 and sponsored by Trade Development Authority of Pakistan, was the first in a series of sector-specific meetings to foster joint ventures and partnerships between Pakistani and Chinese companies as per a press release. The event is a follow-up to Prime Minister Shehbaz Sharif`s visit to China in June 2024 to further promote trade and investment between the two countries. Of the companies that participated in the event, 45 were Chinese companies and 28 were Pakistani.

The event concluded with the signing of 11 memorandums of understanding (MoU) and one contract between Pakistani and Chinese companies worth $64 million. The event was part of six planned events to facilitate B2B interactions and offer platforms for dialogue and partnership to enhance trade and investment between Pakistan and China. •