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LAHORE, Oct 29 (APP):Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) and Precision Development (HK) Limited here Wednesday signed a memorandum of understanding (MoU) to enhance trade, investment, and technological cooperation between Pakistan and China.
The event was attended by Jiang Yi, Director of All-China Federation of Industry and Commerce (ACFIC), China; Hiu David Chu, CEO of Precision Development (HK) Limited; and He He Amanda, Director of Precision Development (HK) Limited. PCJCCI President Nazir Hussain presided over the ceremony, while Brig. (Retd) Mansoor Saeed Sheikh (Retd) Senior Vice President PCJCCI, Salahuddin Hanif, Secretary General, and executive committee members were also present.
Nazir Hussain stated that the MoU represents a landmark step in our mission to deepen economic cooperation between Pakistan and China. Establishing PCJCCI’s base in Shenzhen will serve as a bridge for greater connectivity between the private sectors of both countries. “We are opening doors for Pakistani businesses to directly engage with Chinese industries and attract investment in sectors such as technology, renewable energy, and manufacturing,” he added.
Brig. (Retd.) Mansoor Saeed Sheikh said that China’s success in industrial innovation offers Pakistan a model for sustainable economic development. “Through this collaboration, we will exchange expertise, attract foreign investment, and create new opportunities for growth under the spirit of ‘shared prosperity,” he remarked. PCJCCI remains committed to serving as a reliable conduit for bilateral cooperation and mutual progress.
Jiang Yi, representing the All-China Federation of Industry and Commerce (ACFIC), stated that the collaboration between PCJCCI and Precision Development (HK) Limited reflects the deep trust and shared goals of China and Pakistan. Shenzhen, being a hub of innovation, is an ideal place for PCJCCI to establish its presence and strengthen connections with Chinese industries. This step will enhance industrial cooperation, promote investment flow, and facilitate the exchange of advanced technologies, he observed.
Hiu David Chu, CEO, Precision Development (HK) Limited added that Precision Development (HK) Limited views Pakistan as a promising destination for industrial cooperation, renewable energy initiatives, and manufacturing partnerships, which will further solidify the foundation of bilateral economic relations.
Salahuddin Hanif, Secretary General PCJCCI, said that it’s a new phase in Pakistan-China business collaboration, encouraging direct engagement between enterprises, investors, and innovators from both nations.
He said, the initiative reinforces the vision of transforming Pakistan-China relations from government-to-government cooperation to dynamic business-to-business collaboration.
The ceremony concluded with an exchange of mementos and a reaffirmation of both sides commitment to economic connectivity, technological progress, and long-term friendship under the enduring spirit of China-Pakistan Economic Corridor (CPEC).