Pakistan and China launched a new phase of cooperation as both sides signed 21 MoUs worth $4.2 billion at the Second Pakistan-China B2B Investment Conference in Beijing. With this step, Pakistan, China Launch CPEC 2.0 with $4.2B MoUs, signalling a stronger commitment to economic growth and partnership.
Prime Minister Shehbaz Sharif formally announced CPEC 2.0, calling it a phase focused on business-to-business investments. The new projects will target agriculture, IT, artificial intelligence, renewable energy, minerals, and industrial relocation. He highlighted the role of Special Economic Zones (SEZs), stressing Pakistan’s advantage of skilled but affordable labour and high export potential.
The premier assured investors that his government would remove red tape and speed up procedures. “Not a second’s delay will be tolerated,” he said. In addition, he guaranteed the safety of Chinese nationals, reaffirming Pakistan’s commitment to treating Chinese companies as trusted partners.
Shehbaz also praised China’s rise as an economic model. He recalled his 1982 visit to the country, noting how it lifted millions out of poverty and became the world’s second-largest economy. Furthermore, he credited the first phase of CPEC for eliminating power outages in Pakistan and reviving industries, agriculture, and infrastructure.
Looking ahead, the prime minister expressed optimism about the second phase. “With China’s support and our commitment, we will make Pakistan a strong and vibrant economy,” he stated. He added that CPEC 2.0 would create jobs, increase exports, and strengthen bilateral ties.
The event drew a high-level audience, including Deputy Prime Minister Ishaq Dar, Pakistan’s Ambassador to China Khalil Hashmi, federal ministers, senior Chinese officials, and leading business representatives. Their presence underscored the importance of the conference in deepening economic cooperation.
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