ISLAMABAD: Chinese snack company Bestore signed a deal with Pakistan pine nut provider worth 300 million yuan ($42 million) on Wednesday as the company furthers overseas efforts with opportunities brought by the Belt and Road Initiative. With the new move, Halo Foods, Pakistan’s largest pine nut purchase and processing firm, will continue to offer pine nuts to the Chinese firm, also known as Liangpinpuzi, following their cooperation for over ten years. Hand-peeled pine nuts is now one of the most expensive nut products for Bestore, but both demand and output has grown rapidly with an annual increase of 20 percent, according to Yang Yinfen, CEO and president of Bestore. “For Halo Foods, such cooperation will help the Pakistan firm to further explore the potential of the Chinese market,” said Shahbaz Siddique, financial head of Halo Foods. The deal was signed during the second China International Import Expo, which kicked off in Shanghai on Tuesday. “Globalization has been one of our key strengths. Currently, over 25 percent of our raw material comes from overseas,” Yang from Bestore told China Daily. Among overseas purchases, Belt and Road economies including Malaysia and the Philippines as well as Turkey are some of the major sources. “We are also considering and exploring some emerging markets, such as African market,” Yang revealed. A earlier report pointed out that Chinese people consume around 2 trillion yuan of snack food every year following the country’s booming internet wave accelerating the growth. To date, the Wuhan-based company in Hubei province has adopted 190 types of raw materials from 32 countries and regions. It has developed over 1,000 kinds of snacks so far. Foreign Affairs Committee of National Assembly Chairman Malik Ehsan Ullah Tiwana met with the Chinese Vice Foreign Minister Luo Zhaohui and exchanged views on issues of common interest, says a statement issued by Chinese Ministry of Foreign Affairs here on Wednesday. The two sides also exchanged views on China-Pakistan relations and international and regional issues of common concern. The Chairman of the Foreign Affairs Committee of the National Assembly is currently on a visit to China. Meanwhile, Wang Chen, a member of the Political Bureau of the CPC Central Committee and vice-chairman of the Standing Committee of the National People’s Congress (NPC), met with a joint delegation from the Foreign Affairs Committee of the National Assembly of Pakistan and the Agriculture Committee, the Chinese media reported. Wang Chen said that China-Pakistan friendship is unbreakable and rock-solid and added the two heads of state drew a grand blueprint for building a new era of China-Pakistan destiny community and consolidating and developing China-Pakistan all-weather strategic partnership. The Pakistani side expressed its gratitude to China for its firm support for Pakistan and its willingness to continuously strengthen friendly exchanges between the legislatures. Chief Minister Khyber Pakhtunkhwa Mahmood Khan has directed the timely completion of Swat Motorway and reiterated no further extension in the given timeline of the project. He was presiding over a meeting regarding different developmental projects initiated by FWO in the province, at Chief Minister House, Peshawar here Wednesday. Speaker Provincial Assembly Mushtaq Ahmad Ghani, Minister C & W Akbar Ayub, Advisor to CM on Merged District Ajmal Khan Wazir, Principal Secretary to CM Shahab Ali Shah, administrative secretaries of concerned departments, FWO, PDA, PkHA officials and others attended the meeting.