Pakistan, China to sign multiple MoUs at major agriculture investment conference today

A policeman stands guard under the national flags of China and Pakistan along a road ahead of the visit of Chinese Vice Premier He Lifeng, in Islamabad on July 30, 2023. (AFP/File)
Short Url
Updated 19 January 2026
Follow

Pakistan, China to sign multiple MoUs at major agriculture investment conference today

  • More than 300 Chinese and Pakistani firms are attending Islamabad event
  • Conference seen as part of expanding CPEC ties into agriculture, trade

KARACHI: Islamabad and Beijing are set to sign multiple memorandums of understanding (MoUs) to boost agricultural investment and cooperation at a major conference taking place in the capital today, Monday, with more than 300 of Chinese and Pakistani companies expected to participate.

The conference is being billed by Pakistan’s Ministry of National Food Security and Research as a platform for deepening bilateral agricultural ties and supporting broader economic engagement between the two countries.

“Multiple memorandums of understanding will be signed at the Pakistan–China Agricultural Conference,” the Ministry of National Food Security said in a statement. 

The conference witnessed participation from 119 Chinese companies and 191 Pakistani companies, according to the ministry. The event reflects a growing emphasis on expanding Pakistan-China economic cooperation beyond the transport and energy foundations of the flagship China-Pakistan Economic Corridor (CPEC) into agriculture, industry and technology.

Under its first phase launched in 2015, CPEC, a core component of China’s Belt and Road Initiative, focused primarily on transportation infrastructure, energy generation and connectivity projects linking western China to the Arabian Sea via Pakistan. That phase included motorways, power plants and the development of the Gwadar Port in the country’s southwest, aimed at helping Pakistan address chronic power shortages and enhance transport connectivity.

In recent years, both governments have formally moved toward a “CPEC 2.0” phase aimed at diversifying the corridor’s impact into areas such as special economic zones, innovation, digital cooperation and agriculture. Second-phase discussions have highlighted Pakistan’s goal of modernizing its agricultural sector, attracting Chinese technology and investment, and boosting export potential, with high-level talks taking place between planning officials and investors in Beijing.

Agri-sector cooperation has also seen practical collaboration, with joint initiatives examining technology transfer, export protocols and value-chain development, including partnerships in livestock, mechanization and horticulture.

Organizers say the Islamabad conference will bring together government policymakers, private sector investors, industry associations and multinational agribusiness firms from both nations. Discussions will center on investment opportunities, technology adoption, export expansion and building linkages with global buyers within the framework of Pakistan-China economic cooperation.


Pakistan sells Multan Sultans for record $8.7 million ahead of PSL 11th edition

Updated 09 February 2026
Follow

Pakistan sells Multan Sultans for record $8.7 million ahead of PSL 11th edition

  • New owner Walee Technologies plans to change franchise’s name to Rawalpindi
  • PCB chairman says ‘Multan Sultans still dear to my heart, will think of something’

ISLAMABAD: The Pakistan Cricket Board (PCB) on Monday sold Pakistan Super League (PSL) franchise Multan Sultans for a record Rs2.45 billion ($8.7 million), ahead of the 11th edition of the Twenty20 tournament.

The 11th edition of the tournament will kick off on March 26, the Pakistan Cricket Board (PCB) announced on Friday, which will feature eight franchises competing across multiple venues.

The previous owner of Multan Sultans, Ali Tareen, announced in Dec. he was walking away from the ownership of the franchise. The PCB said earlier said it will run the Multan Sultans team for the 11th edition before looking for a potential buyer.

Walee Technologies, which specializes in media, finance and technology, bought the rights for the franchise for $8.7 million at an auction held in Lahore, with local media reporting the new owner planned to change its name to Rawalpindi.

“I cannot ask the person paying Rs2.45bn to keep the name Multan Sultans,” Naqvi told reporters after the auction. “Multan Sultans is still dear to my heart, but we will think of something.”

Walee Technologies was among five bidders that participated in the auction, which came a month after Hyderabad and Sialkot joined the PSL 11th edition.

FKS, an aviation and health care conglomerate based in the US who also run the Chicago Kingsmen team, bought the Hyderabad franchise for a whopping Rs1.75 billion ($6.2 million). The other winner was OZ

Developers, a real estate consortium, which bought the Sialkot franchise for Rs1.85 billion ($6.55 million) at the auction.

The PSL has become a key pillar of the country’s cricket economy, providing financial stability to the PCB and serving as a talent pipeline for the national team.

The league, which features a mix of local and international players, already had six city-based teams, including Karachi Kings, Multan Sultans, Lahore Qalandars, Islamabad United, Peshawar Zalmi and Quetta Gladiators.