In order to improve regional connectivity, China and Pakistan have decided to continue their engagement for the $65 billion China-Pakistan Economic Corridor (CPEC).
This was announced by the Pakistani Foreign Office on Sunday following meetings between the two parties in Beijing. This was settled during the third round of Pakistan-China bilateral political consultations (BPC), which took place on Saturday.
The delegations from China and Pakistan were led respectively by vice-minister for foreign affairs Sun Weidong of China and foreign secretary Dr. Asad Majeed Khan of Pakistan. Between Pakistan and China, the BPC serves as a regular institutional structure.
“Noting the completion of a decade of China-Pakistan Economic Corridor (CPEC), the two sides reaffirmed their commitment to CPEC that remains a major pillar of bilateral cooperation and a symbol of ever deepening friendship between Pakistan and China,” the Pakistani foreign office said in a statement on Sunday.
“They also agreed to remain engaged in expansion of CPEC including on participation of third parties to enhance regional connectivity and cooperation.”
Both sides reviewed the entire spectrum of bilateral relations and agreed to expand and reinforce political and security cooperation, bilateral trade, economic and financial cooperation, cultural exchanges, tourism, and people-to-people ties.
