BEIJING/ISLAMABAD – China and Pakistan have agreed to boost mining cooperation and promote the implementation of a pact on strengthening mining development and industrial cooperation, according to a joint statement from the two countries.
“The two sides expressed their willingness to actively encourage Chinese companies to invest in the mining industry of Pakistan, and strengthen the planning of mining industrial parks, including downstream mineral processing.” China will strengthen cooperation with Pakistan in areas such as marine oil and gas resources and natural gas hydrates, and will encourage Chinese firms to participate in the development of offshore oil and gas blocks in Pakistan, said the statement.
China reiterated its commitment to Pakistan’s industrialisation, promising to encourage Chinese companies to invest in Pakistan’s Special Economic Zones in accordance with the market and commercial principles.
When it comes to China on this subject, the Chinese side reiterated its steadfast support for Pakistan in safeguarding its sovereignty, national independence and territorial integrity, in pursuing a development path suited to its national conditions and in its efforts to safeguard national security, stability, development and prosperity, in firmly combating terrorism, and in playing a bigger role in regional and international affairs.
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