Pakistan and China take important decisions over economic front

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Pakistan and China take important decisions over economic front

ISLAMABAD - Pakistan and China take important decisions over economic front during PM Imran Khan visit to Beijing.

Pakistan and China have agreed to the implementation of the second phase of China-Pakistan Free Trade Agreement that will lead to more trade, economic and investment opportunities between the two countries.

During the meeting, Pakistan and China vowed to expedite the completion of projects associated with the multi-billion-dollar China Pakistan Economic Corridor (CPEC).

The understanding came during wide-ranging bilateral talks between Prime Minister Imran Khan and Chinese Premier Li Keqiang held at the Great Hall of the People in Beijing on Tuesday.

The two sides exchanged views on deepening bilateral trade and explored ways of increasing Pakistan’s exports to China.

According to the press release, areas of potential collaboration were discussed between the two sides which included railways, steel, oil and gas, industry and science & technology.

The two leaders also witnessed the signing of various Agreements and MOUs aimed at deepening Pakistan-China ties in a range of socio-economic sectors.

Chinese Premier Li Keqiang reiterated China’s support for Pakistan’s issues of core national interest and thanked Imran Khan for the measures to advance CPEC projects and maintained that the second phase of CPEC will be instrumental in reinforcing and consolidating Pakistan’s economic development and pave the way for enhanced Chinese investments in Pakistan.