CPEC steps into 5 new corridors as Pakistan and China together upgraded China-Pakistan Economic Corridor (CPEC 2.0) adding five new corridors. It happened during a meeting between Prime Minister Shehbaz Sharif and Chinese Premier Li Qiang. Both sides expressed satisfaction with progress of their relations and pledged to work closely on the next phase of CPEC.
PM Shehbaz is currently on a six-day official visit to China. He landed in Tianjin on August 30, where he attended the Shanghai Cooperation Organization (SCO) summit. During today’s meeting, the two leaders also attended the ceremony of exchanging memorandums of understanding (MoUs) and agreements signed and announced between the two countries with regard to cooperation in the development of CPEC 2.0, science and technology, IT, media, agriculture, etc.
During their “warm and friendly” meeting, the prime minister expressed his deepest gratitude to the Chinese leadership and nation for their support of Pakistan’s territorial integrity, sovereignty, and socio-economic development.
Both leaders reaffirmed to further strengthen their relation, all-weather strategic cooperative partnership between Pakistan and China.
On the economic front, the prime minister highlighted the significant contribution of the CPEC — a flagship project of President Xi’s Belt and Road Initiative (BRI), in Pakistan’s socio-economic development in the past decade, and stressed the need for early implementation of ML-I, KKH realignment and operationalization of the Gwadar Port.
Regarding the B2B cooperation and investment, Sharif briefed on B2B Investment Conference held earlier, where more than 300 Pakistani and 500 Chinese companies were in attendance. He identified agriculture, mines and minerals, textile, industrial sector and IT as priority areas for mutually beneficial economic collaboration.
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Author: Hamza Rehman
Date: 1 sept, 2025
