- CPEC evolving into a multi-dimensional framework with five key thematic corridors
ISLAMABAD: The China-Pakistan Economic Corridor (CPEC), the flagship project of the Belt and Road Initiative, remains the cornerstone of economic cooperation between the two all-weather friends and brotherly countries.
“Contrary to rumors suggesting a slowdown, recent developments signal a renewed vigour and strategic focus on advancing the next phase of CPEC, dubbed CPEC Phase 2.0,” the Ministry of Planning, Development and Special Initiatives said in a news release here on Sunday.
It said this pivotal phase aims to redefine the framework of bilateral relations through deeper collaboration, advanced technological transfer, and transformative socio-economic projects.
Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, is spearheading Pakistan’s engagement in a series of high-profile events in China, including the High-Level Seminar on CPEC 2.0 in Beijing and the 3rd Forum on China-Indian Ocean Region Development Cooperation in Kunming.
His participation underscores Pakistan’s seriousness in revitalizing CPEC, addressing unresolved issues, and charting a robust roadmap for Phase 2.0, which envisions long-term prosperity for both nations.
At the heart of these engagements lies China’s unwavering commitment to transforming CPEC into a strategic partnership that fosters growth, development, and connectivity.
Far from being sidelined, CPEC is evolving into a multi-dimensional framework with five key thematic corridors—Growth Corridor, Livelihood-Enhancing Corridor, Innovation Corridor, Green Corridor, and Opening-Up/Regional Connectivity Corridor.
These initiatives, proposed by Chinese President Xi Jinping, align seamlessly with Pakistan’s 5Es framework of Economy, Exports, Environment, Energy, and Equity, conceptualized under Ahsan Iqbal’s visionary leadership.
China’s eagerness to propel CPEC into Phase 2.0 is evident from its invitation to a 27-member high-level Pakistani delegation to Beijing.
This delegation comprises seasoned professionals and experts from diverse fields who will receive specialized training to build their capacity for collaborative projects with Chinese counterparts. This initiative reflects China’s commitment to transferring cutting-edge technologies, modernizing Pakistan’s infrastructure, and fostering a knowledge-based economy.
During the preparatory orientation session in Islamabad, chaired by Ahsan Iqbal, the minister stressed the importance of the delegation’s mission, describing it as a “once-in-a-lifetime opportunity” to learn from China’s transformative journey.
He highlighted how China has lifted over 800 million people out of poverty, achieving unparalleled economic progress.
This remarkable transformation serves as an inspiring blueprint for Pakistan, which aims to replicate China’s success through sustainable development and poverty alleviation initiatives under CPEC Phase 2.0.
The delegation’s agenda includes key focus areas such establishing an economic growth corridor with clear priorities; advancing tech-driven industries and fostering innovation; addressing poverty alleviation, education, and healthcare through targeted socio-economic projects; accelerating energy transitions and promoting sustainable economic models; expanding exports and building global supply chain linkages.
This multifaceted approach aims to position Pakistan as a regional manufacturing and trade hub, serving as an economic engine for South Asia.
Ahsan Iqbal’s visit to China and participation in these critical engagements are expected to rebuild mutual trust and reassure Chinese leadership of Pakistan’s commitment to CPEC.
The minister has a proven track record in successfully implementing Phase 1 projects, particularly in infrastructure, energy, and Gwadar development.
He has also been instrumental in advocating for the establishment of Special Economic Zones (SEZs), paving the way for industrial relocation from China to Pakistan.
Chinese authorities have often acknowledged and praised Ahsan Iqbal’s significant role in steering CPEC projects.
His presence in Beijing will send a strong message about Pakistan’s resolve to resolve outstanding issues from Phase 1, particularly regarding project security and operational challenges.
A key highlight will be his assurance to Chinese counterparts about prioritizing the security of Chinese nationals working in Pakistan, a critical concern for the Chinese government.
A seminar in Beijing, co-organized by Pakistan’s Ministry of Planning and China’s National Development and Reform Commission (NDRC), will mark the official launch of CPEC Phase 2.0.
This high-level event symbolizes the deep-rooted partnership between the two countries and their shared vision for a prosperous future.
With the emphasis on capacity building, this exercise aims to equip Pakistani experts with the skills and strategic vision needed to collaborate effectively with their Chinese counterparts.
The delegation’s findings and recommendations will form the cornerstone of a comprehensive blueprint for CPEC Phase 2.0, ensuring its alignment with global sustainable development goals.
