Senior officials from the All-China Federation of Industry and Commerce (ACFIC) and Precise Development (HK) Ltd is currently here on a five-day official visit aimed at signing multiple agreements in the maritime, energy, and other key sectors across the country.

The visiting delegation led by Yi Jiang, Director at ACFIC, and David Chu, CEO of Precise Development (HK) Ltd held high-level meetings with several senior Pakistani officials, including Federal Minister for Maritime Affairs Muhammad Junaid Anwar, Chairman of the Prime Minister’s Youth Programme Rana Mashhood Ahmad Khan, and Federal Minister for Energy Awais Leghari.

In discussions with the Ministry of Maritime Affairs, the two sides reached a consensus on launching advanced shipbuilding and repair facilities at Pakistan’s major ports. Plans were also explored for developing specialized industrial zones in port areas to support export-led manufacturing. Additionally, both parties discussed robust technology transfer initiatives, including systems for port management, ship design, and other maritime technologies.

The meeting reaffirmed a mutual commitment to deepening cooperation in maritime industries, with both countries agreeing to identify specific investment projects for near-term implementation. The establishment of technical working groups was proposed to ensure timely progress and to translate strategic discussions into concrete outcomes benefiting both economies.

During talks with Rana Mashhood, the two sides underscored strengthening economic collaboration through business-to-business (B2B) partnerships. The delegation emphasized its interest in investing across various sectors in Pakistan, particularly in industrial development and emerging technologies. One significant area of interest was the setup of Chinese manufacturing units in Pakistan.

The parties also expressed a shared eagerness to collaborate on forward-looking initiatives involving blockchain technology and cryptocurrency systems—aligning both countries with global digital transformation trends. The meeting concluded with a joint agreement to maintain momentum through continued dialogue and by forming sector-specific working groups.

Targeted areas for future cooperation include manufacturing, energy, the digital economy, and youth capacity-building. The initiative aims to enhance bilateral economic ties while empowering Pakistan’s youth to contribute meaningfully to national development. The Chinese representatives lauded Pakistan's efforts in creating a conducive environment for foreign investment and emphasized the significance of sustained economic growth through cross-border collaboration.

This visit follows an earlier trip by the ACFIC delegation in May, during which the 'Pakistan-China Industrial Entrepreneur Bridge' was launched. The initiative serves as a vital platform connecting the industrial and business communities of both countries, giving Pakistani industries direct access to key Chinese trade bodies and fostering deeper commercial cooperation, Gwadar Pro reported on Friday.

Credit: Independent News Pakistan (INP) — Pak-China