BEIJING – Pakistan and China signed agricultural JVs worth $601.25 million at the 2nd Pakistan-China B2B Investment Conference in Beijing on September 4. The signing took place during Prime Minister Shehbaz Sharif’s visit, showing agriculture’s growing role in bilateral cooperation.
Major Agricultural Deals Announced
Hitech Technological Concern of Pakistan partnered with Weichai Lovol Intelligent Agricultural Technology Co. of China in a $500 million venture. The project will modernize farm machinery and promote smart farming across Pakistan.
IMGC of Pakistan joined hands with Zhongzhihui Agriculture Development in a $100 million partnership. This deal will enhance crop production and support technology transfer.
In another agreement, Buraq Tractors partnered with Xinyukun (Chongqing) Industry and Trade Co., Ltd.. The $1.25 million venture will strengthen local tractor production and improve after-sales services.
Agriculture at the Core of Cooperation
These investments highlight the strategic role of farming in Pakistan-China cooperation. Officials said the projects will strengthen food security, uplift rural areas, and support sustainable economic growth.
Agriculture emerged as a priority sector at the B2B conference, with total commitments reaching $660.975 million. The new ventures will boost trade, create jobs, and bring advanced technologies into Pakistan’s agriculture sector.
Strengthening Bilateral Ties
Experts note that the increasing number of joint ventures reflects confidence in Pakistan’s farming potential. With smart farming methods, new machinery, and technology transfer, these projects could reshape the country’s agricultural landscape.
