Islamabad: iTANZ Technologies Limited, a publicly listed company on the Pakistan Stock Exchange, was part of the official delegation accompanying Prime Minister Shehbaz Sharif on his visit to China. The visit, dated May 29, 2026, aimed at bolstering Pakistan-China economic and strategic cooperation.

The Chief Executive Officer of iTANZ Technologies Limited, Mr. Syed Asim Zafar, represented the company in Hangzhou. The delegation engaged in high-level business-to-business (B2B) discussions with prominent Chinese technology and innovation firms.

During the visit, iTANZ Technologies Limited secured strategic collaborations by signing Memorandums of Understanding with Zhejiang Xiangyue Group, Suzhou Xuqing Intelligent Technology Co., Ltd., and Shanghai Shuhai ZhiLian Digital Technology Co., Ltd. These agreements focus on artificial intelligence, robotics, digital platforms, technology transfer, offshore software services, and joint market development.

The collective indicative value of these collaborations is approximately USD 45 million, equivalent to PKR 12.50 billion. This figure represents the potential scale of business opportunities under consideration, subject to final agreements, commercial negotiations, due diligence, and necessary regulatory approvals. According to information available from the Pakistan Stock Exchange (PSX), this move signifies a significant advancement in the company's strategic engagements.

The visit provided a crucial platform for enhancing cross-border collaboration in technology, investment, and digital transformation between the two nations, highlighting the growing ties in the designated market category.