Pakistan has taken a significant step to enhance its economic relations with China by approving the establishment of 20 new trade posts across the country. Aimed at boosting exports and attracting foreign investment, the initiative comes with an allocated budget of PKR 5.5 billion from the Ministry of Commerce. Additionally, the Economic Coordination Committee has approved a grant of PKR 226.7 million to support this effort.
This decision is seen as a key move to strengthen the economic ties between the two nations. With the support of the Special Investment Facilitation Council (SIFC), the new trade posts are expected to facilitate expanded trade and investment, particularly in light of the $2.56 billion worth of exports Pakistan made to China last year.
As Pakistan’s largest trading partner, China stands to gain significantly from this initiative, which is designed to foster new opportunities for trade and investment. The decision reflects Pakistan’s ongoing commitment to deepening its economic relationship with China and capitalizing on mutually beneficial trade prospects.
