The China-Pakistan Economic Corridor (CPEC) is a flagship project of the Belt and Road Initiative (BRI) and a cornerstone of the robust bilateral relationship between Pakistan and China. Recently, both nations have renewed their commitment to accelerate the progress of CPEC projects, underscoring their strategic importance and mutual benefits.
High-Level Meeting in Beijing
On Monday, a pivotal meeting took place at the National Development and Reform Commission (NDRC) headquarters in Beijing. Minister for Planning, Development and Special Initiatives, Prof Ahsan Iqbal, met with Zhao Chenxin, the vice-chairman of NDRC. Accompanied by Pakistan’s Ambassador to China, Khalil Hashmi, the meeting highlighted the mutual commitment to strengthen the “All Weather Strategic Cooperative Partnership” between the two countries.
Review of Ongoing Projects
Both sides reviewed the progress of ongoing CPEC projects, emphasizing the need for timely completion and the launching of an upgraded version of the corridor. This commitment reflects the high priority both nations place on CPEC as a vehicle for enhancing connectivity, trade, and socio-economic development in the region.
Significance of CPEC Projects
CPEC projects are crucial for both Pakistan and China. They enhance regional connectivity, boost trade, and contribute significantly to socio-economic development. The projects under CPEC are designed to create jobs, improve infrastructure, and foster economic growth, benefiting the people of both nations.
Fast-Tracked Projects
Among the key projects discussed were the ML-I railway project, the Karakoram Highway (KKH) realignment, and the Sukkur-Hyderabad motorway. These projects are essential components of CPEC and are being fast-tracked to ensure their swift completion.
Expanding Scope of Cooperation
The meeting also explored expanding cooperation to new areas such as technology, innovation, education, connectivity, and renewable energy. These sectors are critical for the future development and modernization of Pakistan, aligning with global trends and national priorities.
Visionary Initiatives and Frameworks
Minister Iqbal highlighted the significance of President Xi’s visionary initiatives, including the Belt and Road Initiative (BRI), Global Development Initiative (GDI), and Global Civilization Initiative (GCI). He emphasized their transformative impact on social and economic development across the developing world. Furthermore, the vision of five corridors—growth, livelihoods, innovation, green development, and inclusivity—is well aligned with Pakistan’s 5Es Framework (exports, e-Pakistan, environment, equity, energy, and education).
Operationalization of Five Corridors
The operationalization of the five corridors of growth, livelihoods, innovation, green development, and inclusivity is central to the next phase of CPEC. This vision integrates seamlessly with Pakistan’s national framework, driving comprehensive development and modernization.
Bilateral Support and Collaboration
Minister Iqbal expressed profound gratitude to the Chinese leadership for their unwavering support and collaboration. He reiterated Pakistan’s commitment to facilitating Chinese investments and ensuring the success of CPEC projects. Zhao Chenxin, in turn, highlighted the potential for increased Chinese investment in Pakistan, particularly in the Special Economic Zones (SEZs) being developed under CPEC.
Future Prospects and Optimism
The meeting concluded with both leaders expressing optimism about the future of Pakistan-China relations. They reaffirmed their shared vision of prosperity and development, with a strong focus on ensuring the continued success of CPEC projects.
The renewed pledge by Pakistan and China to accelerate CPEC projects underscores the strategic importance of this partnership. With a focus on timely completion, expansion into new sectors, and alignment with national development frameworks, the future of CPEC looks promising. This commitment not only strengthens bilateral relations but also paves the way for sustained economic growth and regional connectivity.
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