Pakistan and China have accelerated efforts to advance Phase-2 of the China-Pakistan Economic Corridor (CPEC) and agreed to establish a Working Group to explore five new economic corridors, aligning with Pakistan’s Planning Ministry framework.Â
The decision was made following a meeting between Pakistan’s Federal Minister of Planning, Development, and Special Initiatives, Ahsan Iqbal, and Chinese envoy Jiang Zaidong at the Planning Ministry.Â
Both sides discussed collaboration in advancing CPEC projects and fostering economic growth.Â
Chinese Ambassador Jiang Zaidong congratulated Minister Ahsan Iqbal on his appointment and commended Pakistan’s dedication to CPEC initiatives.Â
They affirmed their commitment to expediting Phase-2 of CPEC and announced the establishment of a working group for five new economic corridors.Â
These corridors include Corridor of Job Creation, Corridor of Innovation, Corridor of Green Energy, and Inclusive Regional Development.Â
The Planning Ministry and China’s National Development and Reform Commission (NDRC) will develop concept papers outlining the strategic roadmap for each corridor to be presented at the upcoming Joint Coordination Committee (JCC) meeting in 2024.Â
Iqbal proposed a collaborative “one plus four” model to enhance the effectiveness of Special Economic Zones (SEZs) within Pakistan, emphasising the importance of industry-specific clusters to attract investment.Â
Discussions also covered efforts to enhance regional connectivity through projects such as the Gwadar Port and the M-8 motorway to bolster trade links and regional integration.Â
Planing Minister reiterated Pakistan’s commitment to ensuring the security of Chinese personnel involved in CPEC projects.Â
The meeting also highlighted the shared determination of Pakistan and China to deepen economic cooperation and realize the full potential of CPEC for mutual benefit and regional development.
Once Pakistan railways was a hearing organization of our country and providing mode of transportation to all over the dwellers of the country, and now days it is poor services, dilapidated track condition and old and outdated infrastructure and communication system marrying it’s performance.
we are listening since long that upgradation and rehabilitation of the track would be included in CPEC, to increase the speed of trains and avoid the train accidents.
it’s requested to the high ups and top brasses to please improve Pakistan railways which the main source of transportation of poor families.
Regards.
lets pray for this project success because in past our bureaucracy, politicians and establishment always carry their own pocket of personal interest. lets pray this time they work for pakistan and the interest of Pakistanis.
This will start new journey towards economic empowerment of our country under dynamic leadership of new enthusiastic Governments. wish all the best for our nation.
Southern Route of CPEC till Gawader is not completed and partially functional, MLR track has not started, instead launching phase2 phase 2 should be completed, all phase things will move on road and tracks
Hope the journey brings good luck to the country. That is economically helpful and sustainable.
The phase -2 must include clean energy projects particularly development of dams on Indus which is vital for the sustainable Agriculture of Pakistan and provision of cheap energy for industry as water is life line of Agriculture and energy is life line of industry. in addition the mineral sector has great untapped potential and special economic zones should must be developed in Gilgit-Baltistan and Baluchistan as well since one is gateway and another is endroute from Pakistan. The hurdles must be removed to create invetor friendly environment as currently the corrupt Beaurucracy ruins all projects fir their personal benefits.
Pakistan, China to advance phase-2 of CPEC with five new corridors;hope for the best for economically & sustainabile gateway.