Chinese and Pakistani companies have signed a $12 million joint venture to establish a fishmeal plant in Pakistan. The project aims to boost the local fish processing industry and create new economic opportunities.
The new plant will focus on producing high-quality fishmeal for both domestic and international markets. Officials stated that the venture will use modern technology to ensure efficient production and meet global standards.
“Chinese, Pakistani Firms Ink $12 Million JV for Fishmeal Plant to strengthen the seafood industry and promote investment in Pakistan,” said a spokesperson from the Ministry of Commerce. The plant is expected to create hundreds of jobs for local workers.
According to reports, the joint venture will also support small-scale fishermen by providing a reliable market for their catch. This initiative is seen as a step toward sustainable fisheries and improved supply chain management.
The agreement includes technology transfer and training programs to enhance the skills of Pakistani workers. The Chinese partners will provide expertise in fishmeal production, machinery, and quality control.
“Chinese, Pakistani Firms Ink $12 Million JV for Fishmeal Plant, reflecting growing economic collaboration between the two countries,” added the spokesperson. Officials believe that such partnerships can strengthen trade ties and boost local industry competitiveness.
Industry analysts have welcomed the project, noting that it could reduce Pakistan’s dependence on imported fishmeal and lower production costs for animal feed and aquaculture industries. The venture is also expected to improve export potential.
Construction of the plant will begin soon, with operations likely to start within the next year. Both governments have pledged support to ensure smooth implementation of the joint venture.
This collaboration marks a significant milestone in Pakistan-China economic relations, highlighting investment in industrial development and sustainable food production.
Read More : Chinese Scientists Develop Infrared-Detecting Contact Lenses
