Pakistani and Chinese companies have signed cooperation agreements worth $1.22 billion at a Pakistan–China Business Conference held in Hangzhou, according to the Pakistani Prime Minister’s Office.

The deals were announced on Sunday during Prime Minister Shehbaz Sharif’s visit, where he witnessed the signing ceremony alongside Zhejiang Governor Liu Jie.

Major Business Engagements

The agreements cover cooperation between firms from both countries across various sectors, reflecting expanding economic engagement between Pakistan and China.

During the visit, Sharif also met representatives of several Chinese companies, including energy and technology firms such as CATL and other industrial groups.

The meetings highlighted Pakistan’s push to attract Chinese investment and deepen commercial ties under ongoing bilateral economic cooperation frameworks.

Strengthening Economic Partnership

The conference comes amid continued efforts by both countries to expand trade, investment and infrastructure collaboration under long-standing economic partnership initiatives.

China remains one of Pakistan’s largest sources of foreign investment, particularly in energy, infrastructure and industrial development projects.

(with inputs from Reuters)