A collaborative framework between the Tashkurgan Border Trade Zone and Gilgit-Baltistan (GB) traders has been finalized to accelerate Chinese investment and amplify exports from Pakistan’s northern regions into China. Raja Mir Nawaz Mir, President of the Ghizer Chamber of Commerce and Industry, confirmed the development during a recent interview, emphasizing its potential to transform local economies.
In April, a 10-district delegation from GB embarked on a six-day visit to Tashkurgan, reciprocated by a Chinese delegation led by Border Trade Zone Chairman Chen Hao to Hunza’s Chamber of Commerce. Raja Mir Nawaz, who headed the GB delegation, revealed that multiple Memorandums of Understanding (MoUs) were signed, including a pivotal agreement to streamline Chinese investment in GB. “Under this framework, GB investors will pinpoint viable projects for joint ventures, secure land and infrastructure, while Tashkurgan links them with pre-vetted Chinese partners,” he stated.
Highlighting the scale of opportunities, Raja noted, “The Tashkurgan Border Trade Zone holds a registry of 50,000 Chinese investors eager to engage in GB’s development. This aligns with China’s broader initiative to empower communities along the China-Pakistan border.” To ensure accountability, Pakistani investors must obtain guarantees from local chambers of commerce, while Tashkurgan authorities will vouch for Chinese counterparts. Joint ventures will also include equity participation from GB chambers.
To bolster trade connectivity, GB traders have secured dedicated facilities within the Tashkurgan zone, including a corporate office, exhibition space, and residential accommodations. These resources aim to enhance access not only to Chinese markets but also to 18 neighboring countries with established sections in the trade hub.
Specific agreements emerged during the exchange, including four MoUs signed by Hunza traders. Among these is a 300-kanal agricultural technology park, pre-approved by Chinese partners. Ghizer traders inked two additional deals for an oxygen gas plant and construction material production. “These ventures mark the dawn of transformative growth for GB, driven by Sino-Pak collaboration,” Raja remarked.
The partnership underscores a mutual commitment to leveraging geographic and economic synergies, with stakeholders anticipating accelerated infrastructure development and cross-border trade diversification.
