Pakistan China decide to take CPEC to the next level

Pakistan China decide to take CPEC to the next level

ISLAMABAD - Prime Minister Imran Khan’s recent visit to China has taken the CPEC project with China to the next level.

PM visit has moved the overall economic relationship between the two friendly countries to the next level.

During the visit several avenues of mutually beneficial collaboration were identified and a number of Memoranda of Understanding (MOU) were signed between 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, which comprised of infrastructure and energy sector improvements, has almost been completed.

It was decided that the next stage of CPEC will focus on industrial expansion, agricultural revitalization and trade integration of the two economies.

This phase will help the Government of Pakistan in achieving its objectives of job creation and export growth.

The two sides also held discussions on immediate market access for Pakistan’s exports as well as balance of payments support.