Islamabad, 30 June 2025. A Tripartite landmark Memorandum of Understanding (MoU) has been signed between Commission on Science and Technology for Sustainable Development in the South (COMSATS), IBI International Group Co. Ltd., China, and COMSATS Technology Partner AGECO Pvt. Ltd.
The signatories agreed to collaborate in four critical areas: Electric Vehicle (EV), Green Energy, Precision Agriculture, Training & Capacity Building with exchange of expertise and transfer of technology. These areas of cooperation are of vital importance in today’s global context to address key challenges such as climate change, energy insecurity, food sustainability, and the need for technology-driven solutions. The agreement aligns with and advances the objectives of several UN Sustainable Development Goals, including SDG 7 (Affordable and Clean Energy), SDG 9 (Industry, Innovation and Infrastructure), and SDG 13 (Climate Action).
The Dean of the Diplomatic Corps_ Ambassador of Turkmenistan, along with Ambassadors of Jordan, Syria, Morocco, Yemen, Ethiopia, and Diplomats of Iran and Azerbaijan graced the occasion. Among the dignitaries were Chairman IPO Pakistan, Ambassador Amil and IBI’s Adviser Ambassador Moin ul Haque.
Executive Director COMSATS, Ambassador Dr. Nafees Zakaria, paid tribute to Prof. Abdus Salam for his vision of COMSATS. The Executive Director underlined COMSATS’ commitment to translating scientific knowledge into practical solutions that address real-world challenges. Ambassador Zakaria commended the CEO of AGECO, Engr. Aslam Azad for his indigenously developed EV technology to tackle transport sector emissions. He took pride to mention establishment of Nano Tech Lab and Telehealth Clinics as technology solutions for the member states, as COMSATS achievements.
Mr. Ibrahim Munir, Chairman of IBI International Group, highlighted the Group’s multi-sectoral expertise, including energy, trade, health, EPC, defense, and smart technology. He especially mentioned IBI’s flagship initiative, the Belt and Road Economic and Trade Centre (BRETC), which serves as a strategic platform to enhance regional connectivity and promote economic cooperation among countries along the Belt and Road Initiative.
The areas of cooperation evinced great interest of the Ambassadors, and they praised various initiatives taken by the Executive Director COMSATS.
COMSATS is an intergovernmental organization founded in 1994, comprising 27 Member States and a network of 25 Centres of Excellence. Its Secretariat is hosted in Islamabad by the Government of Pakistan. IBI International Group Co. Ltd., established in Suzhou, China in 2015, is a global enterprise operating in sectors such as trade, EPC, agriculture, energy, health, defense, and smart technology, with its flagship project BRETC supporting regional integration. AGECO Pvt. Ltd., a leading innovator in Pakistan’s green technology sector, is known for its solar-electric vehicles under the brand Economia, holding multiple patents and approvals from the national regulatory bodies.
