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China and Pakistan to elevate cooperation on CPEC project

News Desk by News Desk
May 16, 2024
in Business, Featured, Latest News, National, Top News
Reading Time: 2 mins read
China and Pakistan to elevate cooperation on CPEC project

In a bid to bolster their longstanding partnership, China and Pakistan have announced plans to enhance the China-Pakistan Economic Corridor (CPEC) project. This decision was revealed during a recent meeting between Chinese Foreign Minister Wang Yi and Pakistani Deputy Prime Minister Ishaq Dar.

Highlighting the robust ties between the two nations, Foreign Minister Wang Yi emphasised the significance of CPEC and proposed an “upgraded version” of the project. The duo underscored the importance of implementing the Framework Agreement on Industrial Cooperation, focussing on sectors such as industry, agriculture, mining, new energy, and information technology.

During the fifth round of China-Pakistan Strategic Dialogue, both leaders reaffirmed the strategic importance of their relationship. Deputy Prime Minister Dar reiterated Pakistan’s commitment to its ties with China, considering it the cornerstone of the country’s foreign policy.

In addressing regional concerns, Dar pointed out the challenges stemming from India’s occupation of the disputed region of Jammu and Kashmir. He commended China’s principled stance on the matter, emphasising the need for regional peace and security.

Amid discussions, the safety of Chinese workers and investments in Pakistan emerged as a crucial topic. Chinese officials urged Pakistan to ensure the security of Chinese personnel and projects within its borders, emphasising China’s unwavering commitment to deepening cooperation.

In response, Dar assured greater efforts to apprehend perpetrators of attacks targeting Chinese nationals and projects. He advocated for a unified global approach to combat terrorism, stressing the importance of international cooperation in this regard.

Additionally, the discussions touched upon global economic trends and developments in the Middle East, reflecting the breadth of their diplomatic exchange.

In another meeting with Chinese Vice-Premier Ding Xuexiang, Dar expressed condolences over recent attacks and reiterated Pakistan’s commitment to maintaining a secure environment for Chinese investments. Xuexiang affirmed China’s willingness to sustain high-level communication with Pakistan and ensure the high-quality development of CPEC.

Both sides acknowledged the progress achieved under CPEC, particularly in energy and infrastructure sectors. They expressed optimism regarding the forthcoming phase, anticipating positive outcomes in industry, agriculture, and mineral development.

Connectivity initiatives, including the Khunjerab border crossing and visa simplification, were also discussed, underscoring their joint efforts to promote regional integration and economic prosperity.

The latest dialogue reaffirms the enduring partnership between China and Pakistan, signalling a renewed commitment to advancing mutual interests and fostering regional stability through collaborative endeavours like CPEC.

News Desk

News Desk

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