New Chinese investments to stimulate Pakistan's economic growth: PM.

ISLAMABAD -- Caretaker Prime Minister Anwaarul Haq Kakar on Monday said that the Chinese investment expected under the newly signed 20 MoUs would prove to be a stimulant for Pakistan's economic growth.

Addressing a press conference about his recent visit to China, the prime minister said 20 Memorandums of Understanding (MoUs) were signed, hoping that the upcoming government would ensure consistency of the policy.

He reaffirmed his commitment to an inclusive electoral process, asserting that no major political party would be excluded from participating in the upcoming elections unless they were legally barred from doing so.

The prime minister, along with a high-level delegation visited China from October 16-20, mainly to attend the Belt and Road Forum where he also held bilateral meetings with Chinese President Xi Jinping, Premier Li Qiang, and the leadership of the Communist Party of China (CPC).

During the visit, the two sides signed 20 agreements and MoUs, covering cooperation on the BRI, infrastructure, mining, industry, green and low-carbon development, health, space cooperation, digital economy, development cooperation and export of agricultural products to China.

'The signing of 20 MoUs was very encouraging. This is after a long time that the MoUs in such a huge number were signed with China... We have brought along three guiding principles of coordination, cooperation and consultation with us,' he remarked.

He said the MoUs were yet in the planning stage and the assessment of the potential, market needs and impact on exports would precede their execution. He said a designated cell at the Prime Minister's Office would carry out the follow-up of the bilateral and other engagements with China to pave the way for their implementation.

Mentioning his interaction with the Chinese business leaders, he said under the second phase of CPEC (China-Pakistan Economic Corridor), the Chinese private business entities would invest in Pakistan's agriculture, mining and other sectors.

He told the newsmen that Pakistani leadership's 'constructive' engagement with Chinese counterparts was well received by the Chinese people, media and think tanks.

Emphasizing the consistency of relations with China, he expressed the hope that the upcoming government would carry forward the momentum as any deviation from the commitments might put the state's dignity at stake.

He said the address by Chinese President Xi Jinping at the Forum was in fact an answer to all...