Second phase of CPEC to start soon with the establishment of economic zones

[vc_row][vc_column width=”1/6″][/vc_column][vc_column width=”2/3″][vc_column_text]The Acting Ambassador of China to Pakistan, Zhao Lijian praised the performance of firms working under the China-Pakistan Economic Corridor (CPEC) and said that with the establishment of energy and infrastructure projects, the first phase has been completed. The second phase of CPEC will constitute the establishment of Special Economic Zones, which will directly aid the local population of Pakistan. He made these remarks at an Iftar reception held at the Chinese Embassy.nnIslamabad: Chinese Acting ambassador to Pakistan Zhao Lijian has saidChina Pakistan Economic Corridor (CPEC) the first phase has been completed successfully while the second phase shall be kick-started as soon as the new government steps in. In the second phase, he said new economic zones shall be established.nnHe expressed these views while talking to senior journalists during an iftar reception at the Chinese embassy. Zhao further said, Pakistan’s active participation in the recently held SCO’s summit. He particularly mentioned the bilateral meeting between President Xi Jinping and President Mamnoon Hussain held in Qingdao on the sideline of the summit.nnBoth leaders, he said agreed to maintain the sound development momentum in their bilateral ties. President Xi reiterated his country’s commitment to work jointly with Pakistan to address their common socio-economic challenges, through Belt and Road initiative and China-Pakistan Economic Corridor (CPEC).nnHe hoped that Pakistani and Chinese media’s partnership will grow with the passage of the time for giving support to the on-going efforts of ensuring a better future for their people. He assured that Chinese embassy will extend its all possible cooperation to Pakistani media in promoting the shared future and common development.nnHe noted there is across-the-board national consensus on the two countries’ deep-rooted friendship, and this, he added is a great source of strength giving the further boost to their bilateral ties.[/vc_column_text][/vc_column][vc_column width=”1/6″][/vc_column][/vc_row]