Islamabad: To increase fish and seafood exports to China through the China Pakistan Economic Corridor (CPEC), Optima Integration Group of China and Asia-Pak Investments of Pakistan on Monday (May 23) signed a Memorandum of Understanding (MoU) of USD 50 million, according to news sources. It is the first agreement signed between private entities and enterprises from both sides under the Business-to-Business (B2B) model.
As per the agreement, the Chinese firm will invest USD 50 million in the development of an end-to-end cold store and supply chain system for the export of over 79 approved fish species from Gwadar to China. The company will also set up a high-tech processing facility in Gawadar Industrial Zone that will package and custom clear the packaged products for China. The firm will also establish a Chinese customs clearance facility in Gwadar for rapid transport of material.
The project will be carried out in two phases, with the first phase providing 100 jobs in Gwadar and Karachi. The facility will begin processing livestock, beef, and goats for export to China via cold chain transport in the second phase of the project, and will then scale with Chinese standard breeding, feedlot operations, vaccinations, track and trace technology, and slaughter and packing facilities in Karachi.
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
