Story perspectives

Sharif Secures $7B China Deals, $1.12B Fertiliser Pact

5/27/2026

Summary

Sharif Secures Deals

Prime Minister Shehbaz Sharif visited China May 23-26 2026 and signed $7 billion CPEC 2.0 deals.
Haolu Engineering and Technology Company and Fauji Fertiliser signed a $1.12 billion fertilizer pact.
IBI Beijing United Information Technology and the RIC signed a $100 million MoU for agro-chemical projects.
A 6,000-acre Special Economic Zone near Port Qasim in Karachi will attract investment.
CPEC 2.0 has injected $25.9 billion, created 260,000 jobs and will expand defence, AI and space cooperation.

Summary

China Welcomes Pakistan

China welcomed Pakistan into its space-training programme on China’s space station.
Both nations pledged cooperation, including counter-terrorism against the Tehrik-i-Taliban Pakistan (TTP) and East Turkestan Islamic Movement (ETIM).
Officials reaffirmed Pakistan’s One-China stance, calling Taiwan an “unalienable” part of China.
On the 75th anniversary, they called the partnership “unbreakable” and discussed a free-trade pact.
China and Pakistan backed a Middle-East peace plan and praised Pakistan’s role in the U.S.–Iran ceasefire.

History

Historical Context

Pakistan’s partnership with China began in 1950 when Islamabad recognized the PRC, evolving into an “all-weather strategic cooperative partnership” formalized in 2015. That year Beijing launched the $62 billion China-Pakistan Economic Corridor, anchoring the Gwadar deep-sea port. Shehbaz Sharif’s 2026 Beijing visit builds on this framework, seeking new CPEC-2.0 contracts and expanded security cooperation.

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Sharif Secures Deals

Prime Minister Shehbaz Sharif visited China May 23-26 2026 and signed $7 billion CPEC 2.0 deals.
Haolu Engineering and Technology Company and Fauji Fertiliser signed a $1.12 billion fertilizer pact.
IBI Beijing United Information Technology and the RIC signed a $100 million MoU for agro-chemical projects.
A 6,000-acre Special Economic Zone near Port Qasim in Karachi will attract investment.
CPEC 2.0 has injected $25.9 billion, created 260,000 jobs and will expand defence, AI and space cooperation.

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