Beijing: The 12th meeting of the China-Pakistan Joint Cooperation Committee (JCC) on the China-Pakistan Economic Corridor (CPEC) was held in Beijing.
The co-chairmanship of the meeting was carried out by Mr. Cong Liang, Vice Chairman of the National Development and Reform Commission of China, and Ahsan Iqbal, Pakistan’s Federal Minister for Planning, Development, and Special Initiatives.
Cong Liang stated that China has been Pakistan’s largest trading partner for the past decade, and the bilateral trade volume between the two countries has reached up to $26.5 billion in 2022.
Certain sections of Pakistan’s first subway and the first Intelligent Expressway project have been completed and opened for traffic. Under the Belt and Road Initiative, the CPEC has given importance to energy, transportation, and industrial cooperation, which has generated over 230,000 employments by the end of 2022.
On this occasion, Ahsan Iqbal mentioned that the completion of major infrastructure and energy projects, including the Gwadar Port, and other socio-economic development-related initiatives, has resulted in tangible benefits for the people of Pakistan and created new opportunities for business and investment.
During the meeting, the authorities of China and Pakistan reviewed the achievements of the China-Pakistan Economic Corridor (CPEC) over the past decade and deliberated on the bright prospects for future development.