Prime Minister Shehbaz Sharif’s visit to China entered a new phase of cooperation as he met his Chinese counterpart Li Qiang in Beijing.
The two leaders expressed satisfaction over positive progress in bilateral relations and signed multiple agreements to expand collaboration under the China-Pakistan Economic Corridor (CPEC) Phase 2.
The meeting featured detailed discussions at the delegation level, followed by the signing of memorandums of understanding and agreements. Both sides agreed to work together on five new economic corridors under CPEC.
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The priority sectors identified include agriculture, mining and minerals, textiles, industry, and information technology. Cooperation in science, technology, IT, media, and agriculture was further strengthened with agreements signed in the presence of both prime ministers.
Strengthening strategic partnership
The two leaders reaffirmed their resolve to reinforce the all-weather strategic cooperative partnership. A joint action plan was signed, which was described as an important step toward enhancing mutual cooperation.
Prime Minister Shehbaz Sharif expressed heartfelt gratitude to the Chinese leadership and people for their unwavering support of Pakistan’s regional integrity, sovereignty, and socio-economic development. He emphasized that the positive results of Pakistan’s reform agenda were possible only with China’s consistent backing.
Economic initiatives and connectivity projects
During the talks, the prime minister highlighted Pakistan’s intent to soon issue Panda Bonds in the Chinese capital market. He also stressed the need for early implementation of key connectivity projects, including the re-alignment of the Karakoram Highway, the upgradation of Main Line-1 railway, and the operationalization of Gwadar Port.
Shehbaz Sharif pointed to the vast opportunities for business-to-business cooperation and foreign investment. He briefed his Chinese counterpart about the upcoming investment conference in Beijing, where over 300 Pakistani and 500 Chinese companies are expected to participate.
Following the discussions, Chinese Premier Li Qiang hosted a luncheon in honor of Prime Minister Shehbaz Sharif and his delegation. The event underscored the commitment of both countries to carry forward their shared vision of economic progress and strategic cooperation.
