Islamabad: iTANZ Technologies Limited, a publicly listed entity on the Pakistan Stock Exchange (PSX), was part of the official delegation accompanying Prime Minister Shehbaz Sharif on a significant visit to China. This visit, dated May 29, 2026, was aimed at bolstering economic and strategic ties between Pakistan and China, with a particular focus on technological collaboration.

The delegation, which included Chief Executive Officer Mr. Syed Asim Zafar, visited Hangzhou where they engaged in high-level business-to-business discussions with major Chinese technology and innovation firms. During these engagements, iTANZ Technologies Limited successfully signed Memorandums of Understanding (MoUs) with Zhejiang Xiangyue Group, Suzhou Xuqing Intelligent Technology Co., Ltd., and Shanghai Shuhai ZhiLian Digital Technology Co., Ltd. These agreements aim to foster collaboration in several cutting-edge areas, including artificial intelligence, robotics, digital platforms, technology transfer, and offshore software services.

According to information available from the Pakistan Stock Exchange (PSX), the MoUs outline a framework for strategic cooperation, identifying potential business opportunities valued at approximately USD 45 million (approximately PKR 12.5 billion). The indicative value highlights the estimated scale of opportunities being explored and remains subject to further definitive agreements, commercial negotiations, due diligence, and necessary regulatory approvals.

This delegation visit underscored a significant platform for promoting cross-border collaboration in technology, investment, and digital transformation between Pakistan and China, setting a precedent for future engagements in the technology sector.