BEIJING: Several Memorandum of Understanding (MoUs) and agreements were signed between Alibaba Group and Pakistani public and private sector entities during Prime Minister Shehbaz Sharif’s visit to Hangzhou.
The agreements aim to accelerate Pakistan’s digital transformation through cooperation in technology and innovation-driven sectors.
Framework Agreement on Digital Economy Cooperation
On the Prime Minister’s initiative, Alibaba Group Chairman Joe Tsai agreed to sign a comprehensive strategic framework with the Government of Pakistan.
The framework focuses on advancing digital transformation through artificial intelligence, cloud computing, digital trade, fintech, SME development, and healthcare innovation.
Focus on Investment and Technology Transfer
During the meeting, both sides discussed strengthening cooperation in Pakistan’s digital economy. Prime Minister Shehbaz Sharif highlighted Pakistan’s potential in e-commerce, AI, fintech, and innovation-led entrepreneurship.
He stressed the government’s focus on empowering youth through skills development, technology access, and global partnerships.
Pakistan, Alibaba Group Sign Major Agreements to Boost Digital Economy
Alibaba’s Commitment to Pakistan
Alibaba Chairman Joe Tsai appreciated Pakistan’s efforts toward economic stability and creating an enabling environment for investment. He also expressed support for deeper collaboration in digital and technological sectors.
Strengthening Pakistan–China Economic Ties
The Prime Minister termed the agreements an important milestone in strengthening Pakistan–China cooperation in the technology and digital economy sectors.
