Pakistan, China strengthen ties under second phase of CPEC

MG News | October 09, 2023 at 05:37 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

October 09, 2023 (MLN): The second phase of CPEC has officially commenced, and the government's commitment to implementing the CPEC projects remains steadfast, the Caretaker Minister for Planning and Development, Sami Saeed, reiterated this commitment during a meeting with the Chinese Ambassador to Pakistan, Jiang Zaidong, on Monday.

During the meeting, both sides discussed various CPEC projects and reaffirmed their resolve to strengthen relations between the two countries.

Notably, the second phase of CPEC has already commenced, marking a decade of collaboration between the two nations.

Minister Saeed highlighted the ongoing development projects under CPEC, emphasizing their potential to transform Pakistan's infrastructure and economy.

He stressed that these projects are not only about physical connectivity but also aim to enhance the lives of the people and promote socio-economic development across the country.

The minister reiterated the commitment to further strengthen these ties.

Furthermore, the Minister emphasized the importance of the Gwadar Port, a strategic project under CPEC, which is poised to become a key maritime gateway connecting Pakistan with the rest of the world.

The development of Gwadar Port and its associated free zone is expected to attract foreign investment, stimulate economic activities, and create job opportunities in the region.

Chinese Ambassador Jiang Zaidong praised Pakistan's efforts in implementing CPEC, especially the second phase.

He acknowledged the fruitful outcomes achieved through joint efforts, covering areas such as industry, agriculture, IT, disaster prevention, and mitigation.

The Ambassador appreciated the Planning Ministry's vital role in CPEC implementation, noting its significant contributions to promoting Pakistan's economic and social development, upgrading infrastructure, improving the well-being of the Pakistani people, enhancing people-to-people contacts, and deepening regional connectivity.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	171,021.20 228.53M	-0.42% -718.25
ALLSHR	103,836.39 572.65M	-0.41% -422.85
KSE30	50,951.99 89.47M	-0.52% -264.77
KMI30	240,633.87 93.99M	-0.31% -756.80
KMIALLSHR	66,572.75 300.61M	-0.28% -185.59
BKTi	48,673.23 31.18M	-0.70% -343.86
OGTi	33,702.25 6.35M	-0.61% -205.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,965.00	65,570.00 63,875.00	750.00 1.17%
BRENT CRUDE	92.41	93.60 89.58	-4.37 -4.52%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.55 -1.44%
ROTTERDAM COAL MONTHLY	121.10	0.00 0.00	0.85 0.71%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	85.03	86.20 83.10	-4.28 -4.79%
SUGAR #11 WORLD	14.76	0.00 0.00	-0.01 -0.07%