PM Shehbaz encourages private investment in CPEC-II projects for economic development
A delegation from the Chinese International Development Cooperation Agency (CIDCA), led by Chairman H.E. Mr. Luo Zhaohui, met with Prime Minister Muhammad Shehbaz Sharif in Islamabad. Prime Minister Shehbaz expressed gratitude for China’s unwavering support to Pakistan and praised CIDCA’s contributions, especially during the 2022 floods and subsequent reconstruction efforts. Highlighting the significance of the China-Pakistan Economic Corridor (CPEC), he emphasized its role in socio-economic development and hoped that CPEC Phase-II would lead to further industrial and green advancements. The meeting witnessed the signing of several Memorandums of Understanding, showcasing the deepening cooperation between the two countries across various sectors. Chinese Ambassador H.E. Mr. Jiang Zaidong and senior Pakistani officials also attended the meeting, signifying the importance of bilateral relations.
Chairman China International Development Cooperation Agency Calls On The Prime Minister
A high level delegation of the Chinese International Development Cooperation Agency (CIDCA), led by its Chairman H.E. Mr. Luo Zhaohui, called on the Prime Minister Muhammad Shehbaz Sharif in Islamabad today.
Welcoming the delegation, the Prime Minister said China is Pakistan’s most trusted friend and appreciated China’s steadfast support to Pakistan. Acknowledging CIDCA’s pivotal role in bolstering Pakistan’s economic development, the Prime Minister specifically commended CIDCA for its vital support during the 2022 floods and for its relief, rehabilitation, and reconstruction efforts in Pakistan.
The Prime Minister underscored that CPEC has contributed to Pakistan’s socio economic development as well as the progress and prosperity of the peoples of two countries. He hoped that the Phase-II of CPEC would result in more industrial, scientific and green development. CPEC-II is also an opportunity for the private sectors of both countries to form joint ventures, he added.
Chinese Ambassador in Pakistan H.E. Mr. Jiang Zaidong also attended the meeting. Federal Ministers for Foreign Affairs, Economic Affairs, Finance, Interior, Planning & Development, SAPM Tariq Fatemi and senior officials of Pakistan attended the meeting.
The Prime Minister witnessed signing ceremony of four Memorandums of Understanding focusing on Flood Rehabilitation, Information and Communication Technologies, Juncao Technology, China-Pakistan Development Cooperation Planning (2024-2028) alongside a Letter of Exchange on the establishment of a First Aid Centre in Balochistan, and Protocol on Cooperation in Human Resources Development under the Global Development Initiative. These agreements signify the deepening cooperation between Pakistan and China across various sectors.
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