In a significant move to boost Pakistan's agricultural and industrial sectors, a Memorandum of Understanding (MoU) was signed between Pakistan's Teranew Trading Private Limited and China's Zhejiang Hezi Food Company Limited.
The agreement, facilitated by the Special Investment Facilitation Council (SIFC), is set to increase investment and development in these key sectors, contributing to the strengthening of Pakistan's economy.
The partnership focuses on the processing and value addition of dry fruits, especially pine nuts and pistachios, with an annual export target of $500 million. This collaboration will open new markets, giving Pakistan greater access to international platforms while meeting the growing demand for high-quality dry fruits in China.
The initiative is also expected to create employment opportunities for the people of South Waziristan, driving economic activity in the region. By establishing new processing facilities, this partnership will directly benefit local communities, providing them with job opportunities and improving livelihoods.
SIFC’s role in this collaboration underscores its commitment to creating a business-friendly environment and encouraging private sector participation. This agreement not only strengthens Pakistan’s trade ties with China but also highlights the potential for growth in agricultural exports, paving the way for greater global market integration.
