Govt commits to advance CPEC to phase II

July 11, 2024 (MLN): Planning Minister Ahsan Iqbal has underscored the government's commitment to advancing to the next phase of China-Pakistan Economic Corridor (CPEC), said a press release issued.

The next phase includes the operationalization of Special Economic Zones (SEZs) aimed at facilitating Chinese investment in Pakistan.

Ahsan Iqbal on Wednesday held a meeting with the Chinese Ambassador to Pakistan, Jiang Zaidong, to discuss the ongoing and upcoming initiatives under the second phase of the CPEC.

Minister Iqbal is scheduled to visit China to attend the high-level forum on the Action Plan for Global Development and a Shared Future, organized by the China International Development Cooperation Agency.

This visit follows up on the agreements reached during the recent visit of Pakistan's Prime Minister to China.

The follow-up meeting will focus on mutually agreed projects, with special attention to agriculture scholarships, IT training programs, the ML-1 railway project, and the Karakoram Highway (KKH) Phase 2 (Thakot-Raikot Section).

Minister Iqbal assured the Chinese Ambassador that government is implementing the understanding reached between leadership of the two countries to enhance economic cooperation and also taking stringent measures to ensure the safety of Chinese nationals following the tragic Dasu incident.

The Chinese Ambassador expressed his full support for Pakistan's counter-terrorism efforts.

The meeting concluded with both sides reaffirming their commitment to strengthening the strategic partnership between Pakistan and China through continued cooperation and mutual support through speedy implementation of understanding achieved during PM Sharif’s China visit.

Minister Planning left yesterday for a six days visit of China in which he is scheduled to hold consultations with senior Chinese leadership and Chinese businessmen to review progress on CPEC phase 2.

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