Prime Minister Shehbaz Sharif reached Beijing on Sunday, where he would have “high-level engagements” with the Chinese leadership, including President Xi Jinping and his counterpart, Li Qiang.

PM Shehbaz landed in Hangzhou on Saturday, kicking off his four-day official visit to China.

He addressed the Pakistan-China Business-to-Business Investment Conference in Hangzhou earlier today, following which he reached Beijing, where he was received by Chinese Minister of Environment and Ecology Huang Runqiu.

“During his stay in Beijing, the prime minister will hold high-level engagements, including meetings with Chinese President Xi Jinping and Prime Minister Li Qian,g to further strengthen Pakistan-China all-weather strategic cooperative partnership and advance cooperation under CPEC Phase-II, particularly in trade, investment, industry, agriculture, science and technology, and people-to-people exchanges,” a statement by the PM’s Office (PMO) said.

It added that in Hangzhou, the PM chaired the opening ceremony of the third Pakistan-China B2B Investment Conference, which was focused on “charging infrastructure, battery energy storage and solar technologies, and pharmaceuticals”.

“He also engaged with the provincial leadership, leading Chinese enterprises, including StarCharge, CATL and Xiuzheng Pharmaceutical, to explore practical investment and industrial cooperation,” the statement said, adding that PM Shehbaz also visited Alibaba Headquarters, where he was received by Executive Chairman Joe Tsai.

PM highlights 4 areas for Pak-China cooperation

While addressing the Pakistan-China Business-to-Business Investment Conference in Hangzhou, PM listed four areas of importance for Pakistan-China cooperation: agriculture, IT, special economic zones (SEZs), and mines and minerals.

Noting that Pakistan was “basically an agrarian economy”, the premier noted the 1,000 Pakistanis who received advanced training in China last year were now back in the country “doing a great job”.

He called for both countries to move forward, taking opportunities to improve per-acre yields and have high-quality seeds, best agricultural practices, and mechanisation through which the agricultural sector could be advanced “manifold”.

“We have signed MoUs worth billions of dollars, which now need to be converted into agreements. I am very happy to hear that 30 per cent of these M0Us have already been converted into agreements,” the PM said.

“China imports every year about $100 billion worth of agricultural products from abroad,” he said. “Pakistan’s share is just a fraction … We will be able to produce agricultural products as per your requirements.”

He stressed that if both countries worked together, they would be able to not only provide “massive” job opportunities to the rural areas of Pakistan but also create value addition by raising “hundreds of thousands” of small and medium-scale entrepreneurs there who would export items to China.

“In the next five to seven years, we expect that we can increase our agricultural product trade to China by about $10bn,” he said. “And this is not a big task. It can be done, it is possible, not difficult at all — but we need your support,” PM Shehbaz said.

The premier also drew attention to the potential of SEZs, highlighting that Karachi’s SEZ spanned over 6,000 acres. He stated that the government would be providing “all basic amenities” at the zone to encourage joint investments by Chinese and Pakistani entrepreneurs.

“You will be offered a red carpet treatment,” he stated, adding that the investors would be offered land on long-term leases at “very attractive terms and conditions”.

“We will have a world-class SEZ, and then that model will be replicated elsewhere in Pakistan through your great contribution,” he said.

Pointing out that “labour in China has become pretty expensive” and that the country was moving towards a high level of industrialisation, PM Shehbaz invited Chinese investors to pursue joint ventures with Pakistani entrepreneurs in sectors where expensive labour had made China less competitive.

The goods produced could be exported to third countries, creating a “win-win” situation for Chinese and Pakistani entrepreneurs alike, he said: “This will be … a roaring success in times to come, whether it’s textile or leather or other areas.”

He invited Chinese investors to come to Karachi to see its export zone, saying, “Be our guest; we’ll play host to you, and you’ll have great opportunities to understand business propositions.”

PM Shehbaz also noted the “huge potential” of the IT and artificial intelligence (AI) sector, and highlighted Pakistan’s large deposits of minerals and gemstones to encourage Chinese entrepreneurs to invest in the mining sector.

He concluded by stressing that Pakistan was looking for “expertise, experience, investments — not loans, not aid, not handouts”.

“Handouts [and] aid never made a nation vibrant, never made a nation stand on its own feet,” the premier remarked.

He expressed his appreciation for President Xi Jinping’s “dynamic leadership” and the deep friendship between Pakistan and China.

The conference discussed the sectors of IT and Telecommunications, battery energy storage systems, and agriculture.

PM Shehbaz holds meetings with executives from China’s corporate sector

The premier also held a series of engagements with senior executives from China’s corporate sector in Hangzhou, discussing renewable energy, healthcare, and investment opportunities, the PMO said.

“As part of his outreach to China’s corporate sector, the prime minister met with representatives of Sheng Huo Neng Yuan Ke Ji Company, CATL, StarCharge and Xiuzheng Pharmaceutical Group,” the statement read.

PM Shehbaz met with the CEO of Sheng Hou Neng Yuan Ke Ji Company, Agnes Siu, where the two discussed cooperation in renewable energy. During the engagement, the premier apprised the CEO of the “increasing appetite” for renewable energy in Pakistan.

“He also highlighted the policy steps taken by the government to facilitate the renewable energy sector, especially solar power,” PMO said.

The premier also met Executive President CATL Oscar Lou and the two held discussions on “cooperation in advanced batteries, energy storage and solar-linked solutions to support Pakistan’s clean energy transition”.

In a meeting with the Chairwoman of Starcharge Group Danwei Shao, discussions focused on the charging infrastructure for electric vehicles and “smart mobility systems”.

In his meeting with President Xiuzheng Pharmaceuticals Xin Yuan, PM Shehbaz and the official discussed “pharmaceutical manufacturing, healthcare cooperation and investment opportunities in Pakistan’s growing medical sector”.

PMO added that the meetings also focused on “potential of increasing investment, establishment of manufacturing facilities and expansion of the existing facilities in Pakistan”.

The statement further stated that the premier, during his meetings with the corporate sector, highlighted the policies introduced by the government to ease business operations and “investment-centric steps” by the government.

PM Shehbaz also stressed the significance of “Business to Business cooperation between Pakistani and Chinese companies to further strengthen the existing fraternal ties between Pakistan and China”.

DPM Dar arrives in Beijing

Meanwhile, Deputy PM and Foreign Minister Ishaq Dar arrived in Beijing on Sunday, accompanied by Planning Minister Ahsan Iqbal.

He was received at the Beijing airport by Vice Minister of the International Department of the CPC Central Committee (IDCPC), Sun Haiyan.

“I will be later chief guest on behalf of PML-N, at the 2nd Pakistan–China Political Parties Forum and the 4th CPEC Political Parties Joint Consultation Mechanism, alongside H.E. Mr Liu Haixing, Minister of the IDCPC,” the deputy foreign minister said in a post on X.

Dar noted that the forum will bring together representatives from 12 political parties of Pakistan, including his PML-N.

“Looking forward to productive discussions on strengthening political mutual trust, advancing high-quality CPEC cooperation, and deepening the enduring Pakistan–China friendship,” Dar said in another post.

Earlier in the day, Dar also addressed the Pakistan-China B2B Investment Conference.

“Over 500 companies from both sides are present in this hall. You are the driving force behind this partnership. This conference belongs to you: it is for you, and because of you,” he told the moot, according to a transcript shared by the Foreign Office.

“Our government is pursuing an ambitious agenda of economic revival, industrial expansion, and sustainable growth. Over the past four years, we have achieved economic stabilisation, and the economic trajectory today is firmly upward, despite external headwinds,” Dar affirmed.

He further said, “Today, you will also hear about another successful joint venture between Servis Group of Pakistan and Long March Tyres of China. Within five years, this joint venture is now about to create a billion-dollar joint venture company.”

On Saturday, PM Shehbaz signed an MoU on the establishment of a sister-province relationship between Zhejiang and Punjab and witnessed the signing of a document of understanding between Hangzhou Normal University and the Embassy of Pakistan in Beijing for the establishment of the China-Pakistan Joint Technology Research Centre at the university.

Earlier, the Foreign Office (FO) said, “The visit assumes special significance as Pakistan and China commemorate the 75th anniversary of the establishment of diplomatic relations. It will provide an opportunity to reaffirm the abiding strength of the Pakistan-China all-weather strategic cooperative partnership and advance the shared vision of building an even closer Pakistan-China community with a shared future.”

On his meetings with the Chinese leadership, the FO said the two sides “will review bilateral cooperation in the political, economic, and strategic domains, with particular focus on the high-quality development of CPEC, trade, investment, industrial cooperation, agricultural modernisation, information technology, science and technology, and people-to-people exchanges”.

“The visit is expected to further deepen political trust, strengthen strategic coordination, expand practical cooperation, and consolidate the longstanding friendship between Pakistan and China,” the statement concluded.

Separately, FO Spokesperson Tahir Andrabi said during his weekly press briefing that the US-Iran war was expected to come up during discussions between PM Shehbaz and the Chinese leadership.

“Pakistan and China have maintained close coordination on the standoff in the Middle East and our peace efforts in this regard,” Andrabi said, recalling DPM Dar’s visit to China last month.

“We agreed on a five-point principle, which was issued as a joint statement. So, yes, this issue will be discussed during the prime minister’s visit,” he added.