Second phase of CPEC focuses on B2B cooperation to enhance economic potential: Ahsan Iqbal
Minister for Planning and Development Ahsan Iqbal highlighted the deepening collaboration between Pakistan and China, describing it as a new chapter of mutual growth and prosperity. Speaking at an event for the Chinese Spring Festival in Islamabad, he announced that work on the Karakoram Highway Phase II and ML-1 projects will begin this year. He emphasized the immense opportunities arising from CPEC Phase II in manufacturing, agriculture, IT, and tourism, along with the development of Special Economic Zones to drive economic diversification, job creation, and global competitiveness. Ahsan Iqbal reaffirmed CPEC as a symbol of unshakeable friendship, benefiting not just the two nations but the broader region, and expressed gratitude to China for its unwavering support. He also stressed the importance of ensuring the security of Chinese nationals in Pakistan, calling it a national duty.
Minister for Planning and Development Ahsan Iqbal has said Pakistan and China are writing a new chapter of collaboration that will benefit the generations to come.
Addressing an event in connection with the Chinese Spring Festival in Islamabad on Wednesday, he said work on two mega projects Karakoram highway phase two and ML-1 will commence this year.
The Minister for Planning said the second phase of CPEC opens up immense opportunities in sectors such as manufacturing, agriculture, Information Technology and tourism. He noted that development of Special Economic Zones and modernization of agriculture would drive economic diversification, create millions of jobs and enhance Pakistan’s global competitiveness.
He mentioned that the second phase of CPEC is focused on business to business cooperation aimed at unlocking even greater economic potential.
Ahsan Iqbal said the CPEC is a symbol of unshakeable friendship and presents a roadmap to sustainable development and mutual growth and prosperity not only for our two nations but the broader region as well.
The Minister for Planning expressed gratitude to the Chinese leadership for their unwavering support to the vision of CPEC.
He said all possible steps are being taken for the security of Chinese nationals in Pakistan, describing it as a national duty.
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