China, Pakistan Expand CPEC with Strategic Economic Roadmap
“China and Pakistan reaffirmed that the China-Pakistan Economic Corridor (CPEC) remains the cornerstone of their economic cooperation and a flagship project of the Belt and Road Initiative (BRI). Both sides agreed on a strategic roadmap to align CPEC’s five corridors, Growth, Livelihoods, Innovation, Green, and Openness, with Pakistan’s URAAN Program, which focuses on exports, digitalisation, energy, equity, and environmental resilience.”
“Beijing will support the building of industrial parks in Karachi, Islamabad, and other Special Economic Zones, with a focus on mining and industrial cooperation. Third-party participation will also be encouraged to accelerate Pakistan’s industrialization and boost exports.”
“Gwadar Port will be further developed into a regional trade hub, integrating its free zone with new infrastructure such as the East Bay Expressway Phase II and the New Gwadar International Airport. The port will also be leveraged for trade with Afghanistan and Central Asia.”
Source: The Daily CPEC
See also: China exits Pakistan’s $60 billion economic corridor project; Islamabad turns to ADB for funding