Pakistan, China agree to advance CPEC 2.0 with five new corridors

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Pakistan and China reaffirmed their commitment to advancing bilateral cooperation under the upgraded China-Pakistan Economic Corridor (CPEC 2.0), which includes five new corridors.

The understanding came during a meeting between Prime Minister Shehbaz Sharif and Chinese Premier Li Qiang. Both sides expressed satisfaction with the progress of their relations and pledged to work closely on the next phase of CPEC.

PM Shehbaz is currently in China on a six-day official visit. He landed in Tianjin on August 30, where he attended the Shanghai Cooperation Organisation (SCO) summit.

During today’s meeting, the two leaders also attended the ceremony of exchanging memorandums of understanding (MoUs) and agreements signed and announced between the two countries with regard to cooperation in the development of CPEC 2.0, science and technology, IT, media, agriculture, etc.

The delegation-level talks were followed by a sumptuous luncheon, hosted by the Chinese premier in honour of the prime minister and his delegation.

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