Pakistan can benefit from Chinese expertise for development, economic stability: PM

"We are encouraging Chinese investors who are investing in manufacturing of products which can be exported and help Pakistan to earn valuable foreign exchange," Khan said.

He also stressed on the early implementation of projects under the China-Pakistan Economic Corridor (CPEC) of which the Gwadar port is an important part, and asked the departments involved to remove hurdles in businesses related to CPEC.

On the occasion, Chinese ambassador Nong said that China and Pakistan have worked hand in hand in Gwadar on port operations, free zone development, and transportation infrastructure, and completed a series of social and livelihood projects in the last few years.

China will work with Pakistan to accelerate project construction to meet the time-lines, continuously enhance Gwadar's port operation, infrastructure, industry, and social development to promote the high-quality development of CPEC, the ambassador said.

"By taking a comprehensive way of development, the Gwadar port is right on its track to the regional business and trade hub," he said.

During the ceremony, the Chinese government also signed with the Pakistani side a Memorandum of Understanding to donate 3,000 sets of solar systems for the Pakistani people in an effort to address climate change, and also an implement agreement for the aid of a desalination plant at the Gwadar port that can produce 5,000 tonnes of fresh water daily.