ISLAMABAD – Prime Minister Imran Khan’s recent visit to China has movedthe overall economic relationship between the two friendly countries to thenext level.
During the visit several avenues of mutually beneficial collaboration wereidentified and a number of Memoranda of Understanding (MOU) were signedbetween the two sides in the sphere of economic cooperation.
These included agreements in the area of socio-economic development,poverty alleviation, agriculture, economic and technical cooperation,forestry, earth sciences, higher education and technology.
The two sides noted with satisfaction that CPEC’s first stage, whichcomprised of infrastructure and energy sector improvements, has almost beencompleted.
It was decided that the next stage of CPEC will focus on industrialexpansion, agricultural revitalization and trade integration of the twoeconomies.
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This phase will help the Government of Pakistan in achieving its objectivesof job creation and export growth.
The two sides also held discussions on immediate market access forPakistan’s exports as well as balance of payments support.
