Pakistan, China Advance CPEC 2.0 with Finance, Ports
“Pakistan is deepening its economic and strategic cooperation with China through the second phase of the China-Pakistan Economic Corridor (CPEC). The new phase focuses on smart cities, agriculture, technology, port connectivity, and enhanced financial partnerships. Officials in Islamabad see this as a renewed effort to integrate Pakistan’s economy with regional and global trade routes under China’s Belt and Road Initiative (BRI).”
“Sharif also emphasised that Pakistan seeks stronger trade and industrial ties with Tianjin-Binhai New Area, particularly in pharmaceuticals, biomedicine, and animal vaccines. He noted that Karachi Port, Port Qasim, and Gwadar Port could benefit from Tianjin’s expertise in port operations.”
“The Prime Minister praised China’s role in Pakistan’s economic and social development. He said Phase 2 of CPEC will expand cooperation in smart cities, next-generation technologies, and the agricultural industry. Pakistan also invited Chinese companies to set up Special Economic Zones (SEZs).”
Source: The Daily CPEC