2 weeks Ago By INP
ISLAMABAD - A record number of Chinese companies have participated in the 4th Health, Engineering, and Minerals Show (HEMS) in Lahore, reflecting the growing economic ties between China and Pakistan. According to the Embassy of Pakistan in Beijing, more than 200 Chinese firms joined this year’s event — double the number in 2024 — making the Chinese contingent the largest among foreign participants. The Embassy attributed the increase to coordinated efforts by its Beijing office and consulates in Shanghai, Chengdu, and Guangzhou.
During the three-day event, over 150 Chinese companies took part in business-to-business meetings across various sectors, including healthcare, engineering, and mining. These meetings led to the signing of 37 MoUs, LOIs, and contracts valued at over $435 million, Gwadar Pro reported on Thursday. KP cabinet takes decisions on several vital matters Key agreements included a $60 million quartz stone export deal (with a $10 million investment component), a $50 million interest by Chinese company to invest in developing mineral resources, a $45 million joint venture in medical device manufacturing,and an $80 million technology transfer contract in electric vehicles.
Chinese interest also expanded into salt, copper, fluorite, gemstones, IT, real estate, and branding of Pakistani products. The active participation by Chinese delegation, the largest foreign contingent, was widely acknowledged. Tags: china signs deals.
