Photo: AFP/Xinhua/Jiang Chao
Eurasia
12/07/2023 07:00
CPEC, a part of China's Belt and Road Initiative, is a major economic and infrastructure project between China and Pakistan, estimated to exceed $50 billion which enables China to access the Arabian Sea through the Gwadar Port.
There have been discussions to include Taliban-led Afghanistan in the infrastructure project, and the administration has also resolved to make the country a transit hub between Central and South Asia.
“CPEC has made tangible contribution to the national development of Pakistan and connectivity in the region,” said Wang.
He said CPEC has established a "1+4" cooperation layout, “with CPEC at the core and Gwadar Port, transport infrastructure, energy and industrial cooperation as the key areas.”
“China is ready to partner with Pakistan to enhance the development of CPEC, following important agreements between the leaders of both countries, which aims to promote high-quality development, benefiting China, Pakistan, the region, and all nations involved,” Wang stressed.