Pakistan, China strengthen ties under second phase of CPEC

News Image

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

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 162,374.88
110.96M
-0.95%
-1549.44
ALLSHR 98,620.11
386.58M
-0.91%
-906.77
KSE30 47,823.16
51.47M
-1.02%
-490.65
KMI30 232,733.99
57.93M
-1.23%
-2903.19
KMIALLSHR 63,955.68
197.75M
-1.12%
-727.41
BKTi 44,724.17
14.61M
-1.01%
-457.04
OGTi 33,033.72
5.00M
-1.08%
-361.88
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 80,785.00 81,450.00
80,440.00
-420.00
-0.52%
BRENT CRUDE 117.38 117.45
112.74
4.21
3.72%
RICHARDS BAY COAL MONTHLY 128.50 0.00
0.00
-1.10
-0.85%
ROTTERDAM COAL MONTHLY 147.10 0.00
0.00
1.10
0.75%
USD RBD PALM OLEIN 1,182.50 1,182.50
1,182.50
0.00
0.00%
CRUDE OIL - WTI 103.44 103.92
98.84
3.97
3.99%
SUGAR #11 WORLD 20.26 20.51
20.02
0.13
0.65%

Chart of the Day


Latest News
October 24, 2026 at 02:20 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


October 24, 2026 at 12:59 PM GMT+05:00

VYU enters Pakistan, brings fashion shopping to livestreams


October 24, 2026 at 10:46 AM GMT+05:00

Weekly Market Roundup


October 24, 2026 at 09:41 AM GMT+05:00

Diesel price rises by Rs1.91 per litre, petrol unchanged


October 23, 2026 at 05:11 PM GMT+05:00

Pioneer Cement profit surges 73% to Rs2bn



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg