Despite utter CPEC failure, Pakistan & China discuss projects under 'Phase-2'

Officials of Pakistan and China on Thursday discussed various mega projects under the Phase-two of the multi-billion-dollar CPEC. The 10th meeting of the Joint Cooperation Committee (JCC) on the China Pakistan Economic Corridor (CPEC) was held through video conference, according to an official statement. It was co-chaired by Minister for Planning, Development and Special Initiatives Asad Umar and Vice Chairman of the National Development and Reform Commission (NDRC) of China Ning Jizhe. The two sides held a detailed discussion on various projects being undertaken as part of the second phase of the CPEC and also signed a Memorandum of Understanding (MoU) for the establishment of a Joint Working Group (JWG) on Information Technology Industry. A Letter of Exchange of Provision of Balochistan Solar Power Lighting Equipment and Provision of Medical Equipment and Material were also signed, according to the statement. The JCC also announced the signing of an MoU on Karachi Coastal Comprehensive Development Zone (KCCDZ) and Agreement of Cooperation Framework between Ningbo Port and Gwadar Port as well as Lease deed of Gwadar Expo Center. Umar said Phase-2 of CPEC is even more promising as it broadens the scope of cooperation and focuses on Industrial, Scientific and Technological as well as Agricultural cooperation. He said with the CPEC second phase accelerating, the economic ties between the two friendly neighbors will continue to get stronger and stronger. He emphasised that we are working to ensure a stable policy, ease of doing business, and better incentives for private sector participation for a sustainable development model. Umar said Prime Minister Imran Khan has issued directions for empowering Special Economic Zone (SEZ) Authorities and Management Companies to provide full facilitation to investors and decided to establish a dedicated Investor Facilitation Centre for the Chinese investors. Umar told the Chinese officials that Pakistan was cognizant of the threats to the CPEC and had enhanced the security arrangements to deal with the threats in an effective manner. The minister thanked the Chinese government for unprecedented support to Pakistan in its efforts to combat COVID-19. It has been a true testimony to our iron brotherhood and a reflection of our historical strategic partnership, he said. Umar said that the CPEC cooperation and work on all projects continued unhindered despite the pandemic, mainly due to the resolute commitment of top leadership and workers from both sides. During the meeting, the conveners of the Joint Working Groups (JWGs) on Energy, Transport Infrastructure, Gwadar, Socio-Economic Development, Security, Long-Term Planning of the CPEC, Industrial Cooperation, International cooperation, Science and Technology, and Agriculture Cooperation made a presentation highlighting the progress on their specific areas and the future plans of actions. Other matters discussed during the JCC included a 700 MW Azad Pattan Hydropower Project; South-North Gas Pipeline; Policy Framework for Thar Coal Gasification; Strategic Underground Gas Storages; National Seismic Study of Sedimentary Area; Joint Prospecting, Exploration, Development, and Marketing of Metalic Minerals and other areas of mutual interest. The 10th session of the Joint Coordination Committee (JCC) for the CPEC was to be held in 2020 but was postponed due to coronavirus. It was later scheduled to take place in July this year but again called off due to a terrorist attack killing several Chinese nationals. (Disclaimer: This story is auto-generated from a syndicated feed; only the image & headline may have been reworked by www.republicworld.com)

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Despite utter CPEC failure, Pakistan & China discuss projects under 'Phase-2'

Officials of Pakistan and China on Thursday discussed various mega projects under the Phase-two of the multi-billion-dollar CPEC.

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