Pak, China to expand CPEC

Pak, China to expand CPEC


Pakistan and China have agreed to further expand the China-Pakistan Economic Corridor (CPEC) after the top leadership of both sides held in-depth discussions on Phase-II of the ambitious project, the Foreign Office said on Tuesday.

'Both countries underscored their firm commitment for early completion of ongoing CPEC projects and to further expanding CPEC,' it said in a statement at the conclusion of three-day visit of Chinese Vice President Wang Qishan to Pakistan.

Wang, 70, is a member of the Communist Party of China's  powerful Politburo Standing Committee. He is also a member of China's Parliament, National People's Congress and the Central Foreign Affairs Commission, a key foreign affairs body of the CPC.

He held detailed talks with the Pakistan Prime Minister,   Imran Khan, and both leaders witnessed signing of a number of agreements/MoUs and inaugurated several key projects.

'The two sides held in-depth discussions on Phase-II of the CPEC including industrial and agricultural cooperation and socio-economic development, and on deepening practical cooperation in tourism and people-to-people exchanges,' the Foreign Office said.

The CPEC, the flagship project of Chinese President Xi Jinping's Belt and Road Initiative (BRI), has added a practical dimension to the bilateral relationship and further fortified it.

The foreign office said both countries also agreed to enhance bilateral trade volume in a balanced way.