JCC to further boost Pak-China bilateral cooperation under the CPEC umbrella: Nong Rong
He said that the upcoming meeting would also open many new avenues of cooperation
ISLAMABAD: Ambassador of the Peoples Republic of China, Mr. Nong Rong called on the Minister for Planning, Development & Special Initiatives Asad Umar. Matters relating to the upcoming 10th JCC, Joint Working Group (JWG) meetings and economic cooperation between the two countries came under discussion in the meeting. Secretary Planning and Chairman CPEC Authority also participated in the meeting.
The Minister expressed his satisfaction over the progress and work done by Joint working Groups (JWG) and said that the CPEC projects pace of implementation would be further accelerated in the weeks and months to come. He said that the establishment and operationalization of the Special Economic Zones is currently among the top priorities. The SEZs would enable setting up joint ventures in manufacturing that would integrate the enterprises from both sides.
The Ambassador said that the JCC would provide an opportunity to give further boost to bilateral cooperation under the CPEC umbrella. He said that the upcoming meeting would also open many new avenues of cooperation.
It is noted that, China-Pakistan Economic Corridor (CPEC), as the signature project of the Belt and Road Initiative (BRI), has achieved remarkable results in the first phase of operation.
While it enters into a new stage of high-quality development, the establishment of “five corridors” will be enhanced for building a closer China-Pakistan community of shared future, Ning Jizhe, deputy head of the National Development and Reform Commission (NDRC) of China, wrote in his latest article.
In line with the principles of extensive consultation, joint contribution and shared benefits, China and Pakistan have set up the “1+4” layout of cooperation focusing on the CPEC construction supported by Gwadar port, energy, transportation infrastructure, and industrial cooperation.
With years of dedication to CPEC, the majority of projects under the four categories have been completed in time, bringing significant changes to Pakistan and its people. Reviewing progress made in CPEC projects, Ning specified that Gwadar Port is making steady progress towards a logistics hub as the transit trade to Afghanistan through Gwadar has been approved and carried out in an orderly manner, attracting more enterprises to the Gwadar Free Zone.
CPEC Power plants, like Sahiwal and Port Qasim power plants, in total, have contributed one-third of the national power supply of Pakistan. Transportation projects, including the Phase II of the Karakoram Highway, Sukur-Multan Expressway,
Orange Line Metro Train, etc., have been completed and opened to traffic in time. Economic zones like Allama Iqbal Industrial Park and Rashakai Economic Zone have been steadily advanced.
As CPEC enters a new stage of high-quality development, Ning highlighted the advancement of “five corridors”, health corridor, industrial corridor, trade corridor, digital corridor, and green corridor.