Islamabad: Deputy Prime Minister and Foreign Minister Ishaq Dar has said that Pakistan and China are entering a new phase of cooperation under the China-Pakistan Economic Corridor (CPEC) 2.0, with renewed emphasis on industrial development, agriculture, information technology, mining, and human resource development.
According to Beyond Time News, Dar said the next stage of CPEC is expected to broaden economic cooperation and create new opportunities for investment, trade, and employment while strengthening the long-standing partnership between Pakistan and China.
CPEC 2.0 to Expand Economic Cooperation
Speaking at a reception hosted by the Chinese Embassy to mark the 105th anniversary of the founding of the Communist Party of China (CPC), Dar said CPEC has entered a new phase that focuses on sustainable economic growth.
He explained that the second phase of the project will prioritize:
- Industrialization
- Agriculture modernization
- Information technology
- Mining and mineral development
- Human resource development
According to Beyond Time News, Dar said these sectors will play a key role in supporting Pakistan’s long-term economic development and attracting further investment.
Pakistan-China Partnership Remains Strong
Dar reaffirmed that Pakistan’s relationship with China remains one of the country’s most important foreign policy priorities.
He described the bilateral partnership as an “all-weather strategic cooperative partnership” built on mutual trust, respect, and shared interests.
The deputy prime minister said both countries have consistently supported each other’s sovereignty, territorial integrity, and core national interests over several decades.
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Dar Praises China’s Economic Progress
During his address, Dar congratulated the leadership and members of the Communist Party of China on its 105th anniversary.
He praised China’s rapid economic transformation, saying the country has achieved remarkable progress in reducing poverty and improving living standards.
According to Beyond Time News, Dar said China’s development has benefited not only its own population but has also contributed to global economic growth through international cooperation and shared development initiatives.
What Is CPEC 2.0?
The China-Pakistan Economic Corridor (CPEC) is a flagship project under China’s Belt and Road Initiative (BRI).
The first phase focused mainly on developing transport infrastructure, energy projects, and the Gwadar Port.
The second phase aims to shift attention toward industrial expansion, export-oriented manufacturing, technology, agriculture, special economic zones, and skills development.
Government officials believe this transition will help create jobs, strengthen local industries, and improve Pakistan’s export capacity.
Why CPEC 2.0 Matters
CPEC remains one of Pakistan’s largest economic cooperation initiatives.
The planned focus on industrialization and technology could help diversify the country’s economy and attract greater domestic and foreign investment.
Agriculture and mining are also expected to benefit from improved infrastructure, modern technology, and stronger collaboration between Pakistani and Chinese companies.
Experts say successful implementation of these projects could contribute to economic growth, employment generation, and regional connectivity.
Future Outlook
As Pakistan and China move forward with CPEC 2.0, both governments are expected to increase cooperation across multiple sectors.
The success of the next phase will depend on timely implementation, investor confidence, policy continuity, and improvements in the business environment.
Officials have expressed optimism that expanded cooperation will strengthen economic ties and support Pakistan’s long-term development goals.
Conclusion
Deputy Prime Minister Ishaq Dar has reaffirmed Pakistan’s commitment to its strategic partnership with China, saying CPEC 2.0 marks a new chapter in bilateral cooperation. With its focus on industrialization, agriculture, information technology, mining, and human resource development, the next phase of the corridor aims to promote sustainable economic growth and deepen collaboration between the two countries.
Frequently Asked Questions
What is CPEC 2.0?
CPEC 2.0 is the second phase of the China-Pakistan Economic Corridor, focusing on industrialization, agriculture, IT, mining, and human resource development.
What sectors will CPEC 2.0 prioritize?
The initiative will prioritize industrial development, agriculture, information technology, mining, and skills development.
What did Ishaq Dar say about Pakistan-China relations?
Dar said the Pakistan-China partnership remains a cornerstone of Pakistan’s foreign policy and is based on mutual trust, respect, and long-term cooperation.
How is CPEC 2.0 different from the first phase?
The first phase focused mainly on infrastructure and energy projects, while the second phase emphasizes industrial growth, technology, investment, exports, and workforce development.
Why is CPEC important for Pakistan?
CPEC is expected to support economic growth, improve infrastructure, attract investment, create jobs, and strengthen trade and regional connectivity.
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