WhatsApp Logo Subscribe
For News Alert

News

CPEC-II, an opportunity for private sectors to form joint ventures: PM

By News Desk

April 23, 2024 10:41 PM


Twitter Share Facebook Share WhatsApp Share

Prime Minister Shehbaz Sharif Tuesday said the 2nd phase of China Pakistan Economic Corridor (CPEC-II) offered an opportunity to the private sectors of both countries to form joint ventures.

He underscored that CPEC had 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 in the country.

Talking to a high level delegation of the Chinese International Development Cooperation Agency (CIDCA), led by its Chairman Luo Zhaohui which called on him, the prime minister said China was 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.

Earlier, he also 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, a statement issued by the PM Office said.

Chinese Ambassador in Pakistan Jiang Zaidong, Federal Ministers for Foreign Affairs, Economic Affairs, Finance, Interior, Planning & Development, SAPM Tariq Fatemi and senior officials of Pakistan attended the meeting.


News Desk


Most Read

  1. Brother shot dead over distribution of Qurbani meat in Azad Kashmir Brother shot dead over distribution of Qurbani meat in Azad Kashmir
  2. Former president of Landi Kotal Press Club shot dead by unknown assailants Former president of Landi Kotal Press Club shot dead by unknown assailants
  3. Fault in global submarine cable affects internet service in parts of Pakistan Fault in global submarine cable affects internet service in parts of Pakistan
  4. Coca-Cola truck looted after accident in Faisalabad Coca-Cola truck looted after accident in Faisalabad
  5. Syra Yousuf ‘strongly’ refuses to remarry Shahroz Sabzwari Syra Yousuf ‘strongly’ refuses to remarry Shahroz Sabzwari
  6. Haris Rauf gets into ugly spat with fan in US Haris Rauf gets into ugly spat with fan in US

Opinion

  1. An Unmissable Opportunity: The Time for Modi and Islamabad leadership to Resume Bilateral Dialogue is Now!
    An Unmissable Opportunity: The Time for Modi and Islamabad leadership to Resume Bilateral Dialogue is Now!

    By Sudheendra Kulkarni

  2. Premier Shehbaz and Chinese model
    Premier Shehbaz and Chinese model

    By Naveed Aman Khan

  3. Modi's myth broken, yet in power
    Modi's myth broken, yet in power

    By Naveed Aman Khan

  4. Xi, Shehbaz and CPEC phase - 2
    Xi, Shehbaz and CPEC phase - 2

    By Naveed Aman Khan

  5. Pakistan's UNSC Triumph: A New Era
    Pakistan's UNSC Triumph: A New Era

    By Dr Asif Channer

  6. Shehbaz, Deng, Xi and transformation
    Shehbaz, Deng, Xi and transformation

    By Naveed Aman Khan