China Pledges Continued Support for Pakistan’s Economic Development – 2024!
China has assured Pakistan of its continued support for economic development, particularly through the China-Pakistan Economic Corridor (CPEC). Prime Minister Shehbaz Sharif emphasized Pakistan’s readiness for the next phase of CPEC, which will focus on business and industrial collaboration. Here are the details:
Meeting Highlights
Key Participants
- Prime Minister of Pakistan: Shehbaz Sharif.
- Chinese Delegation Leader: Liu Jianchao, Minister of the International Department of the Central Committee of the Communist Party of China.
Location
- City: Islamabad, Pakistan.
- Event: Meeting between the Pakistani Prime Minister and the Chinese delegation.
Statements by Leaders
Prime Minister Shehbaz Sharif’s Remarks
- Commitment to CPEC:
- Readiness for New Phase: Pakistan is prepared to enter a new stage of CPEC, focusing on enhancing business and industrial ties.
- Importance of CPEC Projects: Early completion and successful implementation of current and upcoming CPEC projects are crucial for Pakistan’s economic growth and overall development. Quote:
- “Pakistan is prepared for the new period of CPEC zeroed in on coordinated effort in business and modern areas.”
Chinese Minister Liu Jianchao’s Comments
- China’s Foreign Policy:
- Special Relationship with Pakistan: China values its relationship with Pakistan highly and places it prominently in its foreign policy.
- Ongoing Support: China will continue to support Pakistan’s economic progress. Quote:
- “China has concurred an exceptional spot to Pakistan in its international strategy and will keep on supporting Pakistan’s monetary turn of events.”
Focus of the New Phase of CPEC
Business and Industrial Collaboration
- Enhanced Cooperation: The next phase of CPEC will prioritize strengthening business and industrial connections between the two countries.
- Economic Benefits: Expected to significantly boost economic growth in Pakistan by fostering new industrial projects and business ventures.
Early Completion of Projects
- Ongoing Projects:
- CPEC’s Role: Emphasized the importance of timely completion of existing CPEC projects.
- New Projects: Implementation of new initiatives under CPEC to further stimulate economic development.
Impact on Pakistan’s Economy
Economic Growth
- Role of CPEC: CPEC continues to be a vital driver of economic growth in Pakistan, providing infrastructure and investment opportunities.
- Development Goals: Aim to enhance Pakistan’s economic development by improving connectivity and industrial capabilities.
Overall Development
- Strategic Importance: CPEC’s projects are not only aimed at economic growth but also at comprehensive development, including infrastructure and industrial advancements.
Conclusion
China has reaffirmed its commitment to supporting Pakistan through the China-Pakistan Economic Corridor (CPEC). Prime Minister Shehbaz Sharif highlighted the country’s readiness for a new phase of business and industrial cooperation, while Chinese Minister Liu Jianchao assured continued economic support. This collaboration is expected to play a significant role in driving Pakistan’s economic growth and development.
Table of Contents
Prioritize Strengthening Business
Sources:
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