Pakistan creates 20 new trade posts in China to boost exports, investment

ISLAMABAD (PEN) : The Pakistani government has approved 20 new positions within its Trade Mission in China to boost exports, attract foreign investment, and support efforts to relocate Chinese industries to Pakistan. This initiative addresses the $12 billion trade deficit, with Pakistan’s 2023-24 exports to China at $2.56 billion and imports at $14.51 billion. Following a directive from the Prime Minister and consultations between key ministries, the ECC endorsed a supplementary grant of Rs 226.7 million for these roles. This funding, part of a broader Rs 5.5 billion allocation for trade missions, is intended to strengthen economic diplomacy and enhance business engagement with China.