Pakistan and China have long shared a strategic partnership, but the future of this relationship increasingly depends on economic depth rather than symbolism. The focus of the meeting exports, manufacturing, mining, minerals, and national industrial policy reflects a pragmatic understanding of Pakistan’s real economic strengths. Unlike aid-driven development of the past, the present approach emphasizes productive investment, value addition, and sustainable growth.
The recent meeting between Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, and a Chinese delegation marks a critical moment in Pakistan’s ongoing journey toward industrial revival and export-led growth. At a time when Pakistan faces persistent balance-of-payments pressures, low industrial output, and declining foreign investment, such high-level engagements signal a renewed seriousness in translating diplomatic ties into economic dividends.
The government’s emphasis on mineral and gemstone exports is particularly significant. Pakistan possesses vast untapped reserves of copper, gold, coal, rare earth minerals, and precious stones, yet it earns only a fraction of their true value due to lack of processing, outdated technology, and weak regulatory frameworks. By inviting Chinese expertise and capital into this sector, Pakistan can move from exporting raw materials to producing refined, high-value products that generate jobs and foreign exchange.
Equally important is the revival of manufacturing. A strong industrial base is the backbone of any successful export economy. China’s own rise was built on manufacturing, technology transfer, and integration into global supply chains. Pakistan, through targeted Chinese partnerships, can replicate this model especially in textiles, engineering goods, chemicals, and agri-based industries. The promise to reduce utility costs for manufacturers is a welcome step, as energy prices have long crippled Pakistan’s competitiveness.
The introduction of a comprehensive National Industrial Policy under the prime minister’s vision is another encouraging sign. For too long, Pakistan’s industrial development has been hampered by policy inconsistency, red tape, and lack of coordination between institutions. If implemented sincerely, this policy can create a stable, predictable environment for both domestic and foreign investors.
The offer of 6,000 acres of land under the lease policy demonstrates that the government is willing to back its commitments with tangible incentives. Industrial zones, mineral processing clusters, and export-oriented manufacturing hubs can be built on this land, provided that transparent governance and efficient infrastructure are ensured.
The role of the Special Investment Facilitation Council (SIFC) is also crucial. Investor confidence is not restored through speeches alone; it requires speedy approvals, legal protection, and continuity of policy. If SIFC delivers on these fronts, Pakistan could finally break the cycle of lost investment opportunities.
Perhaps most encouraging is the fact that agreements signed during the prime minister’s visit to China are being actively followed up through dedicated committees. In the past, many MoUs ended up as paperwork without results. Effective implementation will be the true test of this renewed economic partnership.
In essence, Pakistan–China industrial cooperation is no longer just a diplomatic slogan it is becoming a strategic economic necessity. If Pakistan can align its policies, ensure political stability, and deliver on its commitments, this partnership can ignite an industrial transformation capable of lifting exports, creating jobs, and putting the economy on a sustainable growth path.
