He added that the energy, infrastructure, textile and engineering sectors are chief among those in which Islamabad wants to expand its cooperation with Beijing.

China is also expected to help Pakistan deal with its energy shortage and provide support for solar power and electricity generation from coal, Sharif said.

There is a great potential for both countries for economic cooperation, which he said will "benefit 3 billion people", including the population of China and all South Asian countries.

To address the security of Chinese nationals and companies operating in Pakistan, Sharif said his government is enhancing measures to secure their safety. Two Chinese were killed in Pakistan-administered Kashmir by Taliban terrorists on June 23, sparking concerns over remaining pockets of terrorists in the mountainous area.

Local police said the incident took place in the morning, when unidentified gunmen opened fire on tourists in a hotel near the base camp of Nanga Parbat, a mountain that is popular with adventurous travelers.

Sharif delivered deep condolences on the tragic deaths. "We should never forget," he said.

Pakistan has been a victim of extremism and terrorism, and more than 40,000 people have been killed during armed riots, Sharif said.

The prime minister said special emphasis will be given to the issue and his government will achieve a major improvement of security in "upcoming days, weeks and months".