Pakistan ready to forge ahead with second phase of CPEC, says PM Shehbaz

Introduction:

In a significant development, newly elected Prime Minister Shehbaz Sharif has reaffirmed Pakistan’s commitment to advancing into the second phase of the China-Pakistan Economic Corridor (CPEC). This ambitious project, which aims to enhance connectivity and foster economic growth, holds immense strategic importance for both nations.

Here are the key highlights from PM Shehbaz’s statements:

1. Gratitude to President Xi Jinping:

   • PM Shehbaz expressed profound gratitude to Chinese President Xi Jinping for extending warm congratulations on his recent election as Pakistan’s prime minister.
   • He emphasized that this positive start sets the tone for Pakistan and China’s journey toward elevated collaboration and shared achievements.

2. Emulating China’s Success:

   • PM Shehbaz lauded China’s remarkable achievements in modernization and poverty alleviation.
   • China’s steady growth, even amidst global challenges, serves as an inspiration for Pakistan.
   • The Pakistani government aims to draw lessons from the Chinese model to drive its own economic expansion.

3. CPEC’s Second Phase:

   • As Pakistan gears up for the second phase of CPEC, PM Shehbaz highlighted key priorities:
     • Technological Innovation: The corridor will focus on fostering technological advancements.
     • Agricultural Development: Efforts will be made to enhance agricultural productivity through CPEC.
   • Initiatives like the Belt and Road Initiative (BRI) and CPEC play a pivotal role in regional connectivity and inclusive growth.

4. Streamlining Investment Processes:

   • To facilitate CPEC projects, Pakistan has established the Special Investment Facilitation Council (SIFC).
   • The SIFC aims to cut red tape, remove delays, and enhance efficiency in project implementation.

5. Bilateral Cooperation and Clean Energy Goals:

   • PM Shehbaz underscored the enduring spirit of collaboration between Pakistan and China.
   • Both nations are committed to working together through thick and thin.
   • Clean energy technologies and sustainable development remain key areas of bilateral cooperation.

Conclusion:

Pakistan’s readiness to move forward with the second phase of CPEC reflects its determination to strengthen ties with China and achieve shared progress. As the corridor evolves, it holds the promise of transformative economic benefits for both nations.