Pakistan has compiled a wish list of over 70 projects across various sectors for Chinese collaboration under the second phase of the China-Pakistan Economic Corridor (CPEC), which will be presented to the Chinese Prime Minister next month, according to sources close to the Minister for Planning, Development, and Special Initiatives.
The Ministry of Planning, Development, and Special Initiatives has confirmed that the first phase of CPEC has been successfully completed, and the initiative has now progressed into its second phase.
To advance CPEC in this next phase, China and Pakistan have reached an agreement to incorporate five key corridors: growth, innovation, green development, livelihood improvement, and regional connectivity.
During a recent visit to China, Pakistan’s Minister for Planning, Development, and Special Initiatives met with the Vice Chairman of China’s National Development and Reform Commission (NDRC). Among other outcomes, the meeting resulted in a decision to hold a high-level workshop aimed at aligning Pakistan’s “5Es” framework with the proposed five corridors, as well as the eight points outlined by President Xi Jinping for the Belt and Road Initiative.
