How Do You Describe The Economic Relationship Between China And Pakistan?

Economic co-operation between Pakistan and China is continuing. Pakistan and China entered into a trade agreement in January 1963 which granted reciprocal "most favored nation" status in matters of commerce, trade and shipping. Trade between the border regions of China and Pakistan started in 1969 after the first protocol of trade was signed. This border trade has continued to grow with the patronage of both the countries. Further trade protocols have been signed over the years. The construction of the karakoram Highway has helped to further trade and communication.

The Chinese have also helped to set up a Heavy Mechanical Complex in Taxila which can manufacture machinery for sugar, cement and other kinds of factories. A paper mill has been set up in Jaranwala, near Faisalabad, and a sugar mill and fertilizer factory have also been established. The Heavy Forge and Foundry (HFF) were established with Chinese help, and the Aeronautical Complex in Kamra was set up to build fighter aircraft. China set up a sheet glass factory in Nowshera in collaboration with Pakistan, at a cost of Rs. 100 million.

Pakistan is an important country for China in trade. A lot of projects of economic development in Pakistan are in process with the co-operation of China which are creating lot of jobs opportunity for both Pakistan and China.

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