In a significant step to enhance industrial and economic collaboration, Precise Development (Hong Kong) Limited and The University of Lahore (UOL) have launched the “Pakistan-China Industrial Entrepreneur Bridge,” a pioneering Center of Excellence designed to deepen ties between businesses and institutions in both nations. The initiative aims to accelerate cross-border partnerships, innovation, and sustainable economic growth.
Under the agreement, Pakistani industries will now connect directly with prominent Chinese trade organizations such as the All China Federation of Industry and Commerce (ACFIC), the Chamber of Commerce for High Technology and Equipment Industry, the New Energy Operations Committee, and the China Jinhua (Yiwu) Wenzhou General Chamber of Commerce. These linkages are expected to unlock collaborative opportunities in critical sectors, including renewable energy, agriculture, mineral resources, healthcare, digital economy, tourism, and vocational education.
The pact was formalized by David Chu, CEO of Precise Development (Hong Kong) Limited, and Awais Raoof, Chairman of UOL’s Board of Governors. Khalid Taimur Akram, Director (Eurasian Region) at Precise Development, highlighted the initiative’s transformative potential, stating, “This bridge marks a substantial advancement in Pakistan-China relations. It will drive industrial synergy, unlock trade and investment avenues, and act as a cornerstone for technology transfer and sustainable development.”
Akram further disclosed that Precise Development recently inked a Memorandum of Understanding (MoU) with Bank Makramah Limited to simplify Chinese investment flows into Pakistan. The agreement will enable integrated financial services for businesses under the China-Pakistan Economic Corridor (CPEC), bolstering cross-border economic activities.
The announcement coincides with a high-profile visit by executives from 15 Chinese firms to Islamabad between April 28 and May 4. The delegation, representing industries such as high-tech manufacturing, renewable energy, aviation, and smart technologies, engaged Pakistani officials to explore joint ventures and sector-specific investments.
