Pakistan, China moving towards second phase of CPEC: PM Shehbaz Sharif

In an interview with representatives of Chinese media, Prime Minister Shehbaz Sharif said that the joint venture of Chinese industry and technology with Pakistan’s labour and investment will create a win-win situation for both countries by boosting their production and exports. He also said the two countries are moving toward the second phase of CPEC, comprising regional cooperation and industrialization through establishing the industrial zones. PM Shehbaz said in form of CPEC, Pakistan has been the first beneficiary of the BRI initiative of President Xi Jinping. He mentioned that the CPEC projects faced some hiccups during last three to four years but the incumbent government is resolved to take it to “Pakistan Speed” to fill the gap. In addition, PM Shehbaz said the enemies cannot digest the close China-Pakistan ties but reiterated his government’s resolve to ensure security of the Chinese nationals in Pakistan.