Islamabad: Prime Minister has announced that the landmark economic initiative between Pakistan and China, CPEC 2.0, has officially entered its second phase. He said this phase will further strengthen economic ties between the two countries and play a vital role in Pakistan’s development.
Call for Chinese Investment
The Prime Minister urged Chinese investors to step forward and take full advantage of the golden opportunities in the second phase. He highlighted that the first phase of CPEC focused on infrastructure and energy projects, which successfully delivered:
Over 5,000 megawatts of electricity projects
More than 1,100 kilometers of modern motorways
Advanced port infrastructure facilities
Focus of CPEC 2.0
According to the Prime Minister, CPEC 2.0 will primarily focus on:
Industry and Manufacturing
Agriculture Development
Information Technology (IT)
Railway Modernization
Special Economic Zones (SEZs)
Advanced Technology Initiatives
He noted that SEZs are being established in Faisalabad, Rashakai, Dhabeji, and Gwadar, where investors will receive:
Tax incentives
Business-friendly facilities
World-class infrastructure
Agricultural and Digital Cooperation
The Prime Minister further stated that under CPEC 2.0, agricultural cooperation will be enhanced to boost Pakistan’s crop production through modern technology. In addition, IT and digital economy sectors have been opened for Chinese partnerships, creating new avenues for growth.
Employment and Export Growth
The Prime Minister emphasized that this phase will create millions of job opportunities within Pakistan and significantly boost the country’s export capacity. He stressed that CPEC is not only a gateway for Pakistan’s development but also a path to prosperity for the entire region.
Government’s Commitment
Reaffirming Pakistan’s stance, the Prime Minister assured that the government will provide:
Full security for investors
Transparent policies
Ease of doing business facilities
He concluded by expressing confidence that the second phase of CPEC will prove to be even more successful than the first.
