Islamabad: Pakistan has finalized an extensive list of over 70 projects for the second phase of the China-Pakistan Economic Corridor (CPEC), targeting key sectors such as infrastructure, energy, and technology. These initiatives are set to be presented to the Chinese Prime Minister next month, aiming to expand and deepen the bilateral cooperation that marked the successful first phase of CPEC.
According to Zameen.Com, a detailed briefing by officials from the Ministry of Planning, Development, and Special Initiatives revealed that these projects will encompass various development corridors focusing on growth, innovation, green development, livelihood improvement, and regional connectivity. This strategic expansion is designed to make the CPEC initiative more comprehensive and inclusive, addressing a broader spectrum of economic and social challenges.
During a recent delegation visit to China, led by Pakistan’s Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, discussions were held with the Vice Chairman of the National Development and Reform Commission (NDRC). Both sides consented to organize a high-level workshop to synchronize Pakistan’s 5Es framework with the new development corridors and align them with President Xi Jinping’s eight-point agenda under the Belt and Road Initiative.
The project wishlist includes significant infrastructure undertakings such as the second phase of the East Bay Expressway, the realignment of the Karakoram Highway, and continued technical support for the New Gwadar International Airport. Additionally, the proposal prioritizes major transportation projects like the Main Line 1 (ML-1) railway upgrade and the Karachi Circular Railway (KCR) to enhance Pakistan’s transport infrastructure.
On the energy front, the list features projects like the GEIP LNG terminal, expansion of the National Refinery, and the development of the Suki Kinari Hydropower Station and the Siyadik Copper Project, aimed at boosting the country’s energy production and mineral resource management.
The industrial sector may see the establishment of the Dhabeji Special Economic Zone and the Rashakai Industrial Park, which are expected to spur economic cooperation and industrial development. Other notable projects include the Omara Port ship repair facility and agricultural endeavors such as buffalo breeding and dairy processing.
In science and technology, Pakistan seeks to establish the China-Pakistan Earth Science Research Centre and enhance collaboration between Pakistani universities and China-Pakistan Belt and Road joint labs focused on disaster prevention. Furthermore, the digital economy is set to be bolstered through partnerships with Chinese firms in cloud computing, big data, and network security.
These proposals not only reflect an ambitious plan to strengthen the various sectors of Pakistan’s economy but also aim to enhance regional connectivity and address global challenges such as climate change and sustainable development.