In a major step toward enhancing industrial and economic cooperation between Pakistan and China, Precise Development (Hong Kong) Limited and the University of Lahore (UOL) have jointly launched the Pakistan-China Industrial Entrepreneur Bridge. The initiative aims to facilitate deeper collaboration between business communities in both countries and accelerate mutual economic growth, Gwadar Pro reported on Sunday.
The newly formed Center of Excellence will provide Pakistani industries with direct access to leading Chinese trade bodies, including:
- All China Federation of Industry and Commerce (ACFIC)
- Chamber of Commerce for High Technology and Equipment Industry
- New Energy Operations Committee of China
- Electricity Equipment Management Association
- China Jinhua (Yiwu) Wenzhou General Chamber of Commerce
The center is designed to foster partnerships across key sectors such as renewable energy, agriculture and agri-tech, mineral resources, healthcare, pharmaceuticals, vocational education, digital economy, tourism, culture, creative industries, and human resource development.
The agreement was officially signed by David Chu, CEO of Precise Development (Hong Kong) Limited, and Awais Raoof, Chairman of the Board of Governors at the University of Lahore. Speaking to Gwadar Pro, Khalid Taimur Akram, Director (Eurasian Region) of Precise Development, described the new platform as a "major leap forward” in bilateral relations.
He added that the initiative would not only bolster industrial cooperation but also unlock new avenues for trade, investment, technology transfer, and sustainable growth. Akram also revealed that earlier in the week, Precise Development signed a Memorandum of Understanding (MoU) with Bank Makramah Limited to facilitate smoother Chinese investment flows into Pakistan.
The agreement is aligned with the broader goals of the China-Pakistan Economic Corridor (CPEC), and is expected to provide streamlined financial and strategic support for businesses operating across both nations. To this end, a high-level Chinese delegation comprising over a dozen senior executives visited Islamabad from April 28 to May 4 to assess new investment opportunities.
During their visit, the delegation met with key Pakistani government officials and business leaders to explore potential joint ventures in sectors such as high-tech manufacturing, renewable energy, electronics, aviation, satellite communication, smart technologies, and mining.
