BEIJING: Chinese and Pakistani companies signed a Memorandum of Understanding (MoU) here at the Pakistan Embassy to enhance chilli production in Pakistan.
The agreement underscores the growing economic partnership between the two nations and aims to spice up agricultural endeavors in Pakistan.
From the Pakistani side, JW group signed with Qingdao SCO International Trade Group Co. and Qingdao Pinpinxiao Food Co, according to China Economic Net (CEN).
The signing of the MoU was witnessed by the Minister of Commerce, Industries and Production, Dr. Gohar Ejaz, and other Pakistani officials from the Pakistan embassy and the Ministry of Commerce.
The Minister of Commerce, Industries and Production, Dr. Gohar Ejaz, said that the MoU is expected to not only increase the production of this popular spice but also create job opportunities, improve agricultural practices, and contribute to Pakistan’s export potential.
According to the MoU, the Pakistani side will provide land for farming and industry, labor, and other related facilities to set up a complete package, while the Chinese side will provide technology and investment and will buy chilli from Pakistan.
