Chinese Group seals landmark deals with Pakistani Institutions at ITIF ASIA 2026

BEIJING – The 23rd International Trade and Industrial Fair opened in Karachi with strong momentum, quickly turning into a major platform for business activity. Chinese group moved ahead with multiple agreements with Pakistani institutions, signaling fresh energy in industrial cooperation. Sindh Governor Nehal Hashmi inaugurated three-day international exhibition running from May 12 to May 14. The fair brought together industrialists, investors, technology experts, and business leaders from Pakistan and abroad, highlighting growing global interest in the country’s industrial sector. Speaking at opening ceremony, Chairman of the Export Processing Zones Authority, Fareedun Akram Sheikh, said the successful organization of the fair and the strong participation of international companies clearly reflect increasing investor confidence in Pakistan’s economy and industrial growth. A major highlight of the event was the participation of a high-level delegation from China’s IBI Group, a massive enterprise valued at 93.5 billion yuan. The delegation signed several Memorandums of Understanding (MoUs) with key Pakistani organizations, strengthening bilateral industrial ties. The agreements were signed with prominent bodies including the Hyundai Dealers Association of Pakistan, Pakistan Plastic Manufacturers Association, Pakistan Engineering Council, Karachi Chamber of Commerce and Industry, and the Federation of Pakistan Chambers of Commerce and Industry. Officials said these partnerships are expected to significantly enhance technology transfer, joint ventures, industrial cooperation, and market expansion between Pakistan and China. Fareedun Akram Sheikh emphasized that the Trade and Industrial Fair Asia has become a vital platform for promoting industrial modernization and strengthening business-to-business linkages across the region. He further noted that the Export Processing Zones Authority pavilion and the Gilgit-Baltistan pavilion in Hall 1 have emerged as major attractio