New economic corridors to help foster sustainable development in Pakistan
The unveiling of five new economic corridors under the CPEC’s phase two represents a significant step forward in deepening bilateral cooperation between Pakistan and China and fostering sustainable development in the former.
Federal Minister of Planning, Development, and Special Initiatives Ahsan Iqbal and Chinese Ambassador to Pakistan Jiang Zaidong recently announced the launch of five new economic corridors under the second phase of CPEC. These include corridors of growth, job creation, innovation, green energy and inclusive regional development, which are set to usher in a new era of economic prosperity and cooperation.
Both the planning ministry and China’s National Development and Reform Commission (NDRC) will draft separate concept papers outlining the roadmap for each corridor, facilitating future sectoral development.
By leveraging each other’s strengths and aligning with strategic frameworks, Pakistan and China are poised to unlock new opportunities and propel mutual prosperity in the years to come.
