ISLAMABAD – China-Pakistan Economic Corridor and Belt and Road InitiativeSummit is being held in Cairo, Egypt from today.

A Pakistani delegation including the private sector businessmen willparticipate in the summit and will meet their counterparts to promote traderelations between Pakistan and Egypt.

The delegation also have a special mission to promote CPEC program andinvite investment from Egyptians in Special Economic Zones for theestablishment of SMEs and other projects in the services sector.

Earlier, September 20, after coming back from Saudi Arabia and UAE officialtrip, Federal Information Minister Fawad told that Saudi Arabia is going tojoin as the third member of the China-Pakistan Economic Corridor (CPEC).

Addressing media in Islamabad, Information Minister Fawad Choudhry briefedabout Prime Minister Imran Khan’s recent visit to Saudi Arabia and UnitedArab Emirates.

He told that a high level Saudi delegation will arrive Pakistan in Octoberthis year to formally discuss the different important issues trade andsecurity.

“Saudi Arabia is the first country that Pakistan has invited to become athird member of the China-Pakistan Economic Corridor (CPEC)”

Chaudhry said that Pakistan’s main interest lies in cooperation with SaudiArabia on matters of trade and security.

“A high-level coordination committee has has been constituted [to look intomatters of trade and commerce] and it has the complete backing of SaudiKing Salman bin Abdul Aziz Al-Saud and PM Khan,” Fawad Chaudhry said.

He said that Saudi Arabia is the first country that Pakistan has invited tobecome a third partner in CPEC and the projects that Saudi Arabia would beinvesting in will be smoothed out during the Saudi delegation’s visit,scheduled for the first week of October.