Pakistan China cooperation / Investments in various fields

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China gifts Islamabad 21 fire, rescue vehicles worth Rs3 billion​

Fleet includes an 88m snorkel tender designed to strengthen high-rise rescue operations across the capital

Web Desk
September 01, 2026

China gifts Islamabad 21 fire, rescue vehicles worth Rs3 billion

China’s Embassy in Pakistan announced on Tuesday that Beijing was gifting a modern fleet of 21 fire and rescue vehicles, valued at Rs3 billion, “to upgrade Islamabad’s emergency response infrastructure”.

According to a post on X, the Chinese Embassy said the fleet would arrive this month and comprise an “advanced 88m snorkel tender”, substantially bolstering emergency response capability and high-rise rescue operations across the capital.

The embassy added that the fleet was a “testament to our timeless, All-Weather Strategic Cooperative Partnership serving and protecting our communities together”.

 

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Chinese Consul General Inaugurates Citrus Research and Agricultural Innovation Facilities in Sargodha​

By Tahir Ali | Gwadar Pro
Sep 6, 2026

Sun Yan, Consul General inaugurates Climate-Controlled Glasshouse and Screen House at CRI Sargodha. [Photo/CRI]

SARGODHA: Sun Yan, Consul General of the People’s Republic of China in Lahore, inaugurated a newly established Climate-Controlled Glasshouse and Screen House at the Citrus Research Institute (CRI) in Sargodha, underscoring growing agricultural cooperation between Pakistan and China.

During the visit, Dr. Sajid-ur-Rahman, Director General Agriculture (Research), Punjab, briefed the Chinese diplomat on the institute’s ongoing research programs, modern citrus nursery production systems, disease-free plant propagation techniques and initiatives aimed at promoting climate-resilient citrus cultivation across the province.

 

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RMB-to-Pakistani Rupee Conversion Begins in Gwadar​

By Yasir Habib Khan | Gwadar Pro
Sept 3, 2026

GAWDAR - All companies operating in the Gwadar South Free Zone and Gwadar North Free Zone have begun directly converting Renminbi (RMB) into Pakistani Rupees (PKR) for their trade and business activities. This marks a significant milestone in the currency exchange system between Pakistan and China.

“With the implementation of the new financial arrangement that allows direct conversion of RMB into PKR, Chinese investors can save up to 500,000 Pakistani rupees on every transaction of 10 million rupees,” said an official from the Hangeng Trade Company in Gwadar.

He further explained, “Under the previous financial system, Chinese traders and investors had to first convert RMB into US dollars and then into rupees. Due to the volatile value of the dollar, they often bore exchange rate losses.”

The developments come after officials from ICBC, along with senior officials from the Chinese Consulate in Karachi and the Bank of China, visited Gwadar this weeks to review progress on CPEC projects. According to the Memorandum of Cooperation between the People's Bank of China and the National Bank of Pakistan, the People's Bank of China has authorized the Karachi branch of the Industrial and Commercial Bank of China (ICBC) to serve as the Pakistani RMB clearing bank. The ICBC will assume supervisory and regulatory responsibilities.