GB Invites Chinese Investment for Industrial Boom

GILGIT – In a significant step toward unlocking the economic potential of the region, Minister for Finance and Planning & Development, Abrar Ismail, held a high-level meeting with a delegation from the Pakistan China Shandong Chamber of Commerce to discuss large-scale industrial development.

The meeting, which included Chamber President Mr. Cheng, Ms. Gai Shengnan, and Sherdil Ismail, centered on establishing factories, developing dedicated industrial zones, and promoting export-oriented industries in Gilgit-Baltistan.

Discussions highlighted the region’s strategic geographic location as a prime asset for attracting Chinese investment. Officials emphasized the need to shift from raw material trading to value-added production, aiming to integrate Gilgit-Baltistan more deeply into regional supply chains.

According to a statement following the meeting, these initiatives are expected to generate substantial employment opportunities, foster local skill development, and drive sustainable economic growth. The collaboration is viewed as a critical component of the broader Pakistan-China economic partnership.

“Strengthening industrial collaboration will not only accelerate regional development but also boost exports and improve livelihoods across Gilgit-Baltistan,” an official note from the meeting stated, reinforcing the long-term vision of shared prosperity between the two allies.