Dr. Gohar Ejaz, Pakistan’s Minister for Commerce & Industry, engaged in a productive meeting with the Chinese ambassador to enhance economic cooperation between the two nations. The focal point of their discussions centered on the second phase of the China-Pakistan Economic Corridor (CPEC). Minister Ejaz highlighted the substantial progress made during the first phase, underscoring the need for the private sectors of both countries to capitalize on the established groundwork.
Emphasizing a new phase in the Pak-China relationship, Dr. Ejaz urged Chinese private sector investment, particularly in Special Economic Zones (SEZs) in Lahore and Karachi. Notably, plans for a Northern SEZ to connect Urumqi with Pakistan were revealed, signifying a broader scope for economic collaboration. The Minister also announced the creation of Export Advisory Councils for Textile and non-Textile Sectors, aiming to provide recommendations and measures for export enhancement.
In a bid to foster trade, investment, and joint ventures, a delegation, including business leaders, is scheduled to visit China in December 2023. This visit aligns with the shared vision established between President Xi Jinping and Prime Minister Anwar ul Haq Kakar for the second stage of CPEC.
Minister Ejaz stressed the significance of private sector collaboration in strengthening the Pak-China relationship. He outlined plans for the development of SEZs in Lahore and Karachi, while also expressing the importance of Gwadar Port in Pakistan’s economic development. The delegation’s agenda encompasses crucial projects such as ML1, Karakoram Highway realignment, and the development of the northern region, including the Khunjerab Pass.
The Commerce Minister highlighted the sectors of focus under the Sino-Pak Strategic Economic Framework, including agriculture, mining, new energy, and IT. Dr. Ejaz underscored the pivotal role played by the Ministry of Commerce, particularly concerning SEZs and the production of value-added goods. The discussions reaffirmed the commitment of both nations to deepen economic ties and pave the way for mutual prosperity.
