Officials from China, Pakistan review CPEC achievements

Business Jul, 12 2023
Officials from China, Pakistan review CPEC achievements
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BEIJING: Officials from China and Pakistan have reviewed achievements of China-Pakistan Economic Corridor (CPEC) over past decade. At meeting in Beijing of two countries' Special Joint Cooperation Committee, they looked to future opportunities, CGTN reported.

Promoting high-quality development of China-Pakistan Economic Corridor as it marks its 10th anniversary. Officials from China and Pakistan joined to discuss key achievements, major projects and future plans of CPEC.

CONG LIANG Vice Chairman National Development and Reform Commission Cong Liang said, "In past 10 years, China has been Pakistan's largest trading partner for eight consecutive years. In 2022, bilateral trade volume between two sides has reached 26.5 billion dollars. Some sections of Pakistan's first subway and first intelligent expressway have been completed and opened to traffic."

Achievements in various sectors such as infrastructure, energy and ports under CEPC were also discussed.

As flagship project under Belt and Road Initiative, CPEC highlights energy, transportation and industrial cooperation and had created over 230,000 jobs by end of 2022.

Minister of Planning, Development and Special Initiatives Ahsan Iqbal said, "Completion of major infrastructure and energy projects, Gwadar Port and other socio-economic development related projects has brought about tangible benefits to people of Pakistan and has created new opportunities for business and investment."

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