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Pakistan, China agree for stronger multi-sphere cooperation, accelerate connectivity projects

by News Desk
May 16, 2024
in Business
Pakistan, China agree for stronger multi-sphere cooperation, accelerate connectivity projects

Beiging: Bilateral relations and cooperation were discussed at the fifth round of Pakistan-China Foreign Minister Strategic Dialogue held in Beijing on Wednesday in the presence of Deputy Prime Minister and Foreign Minister Senator Muhammad Ishaq Dar and Chinese Foreign Minister Wang Yi.
In the discussion, the two sides discussed all areas of bilateral relations and cooperation, including strategic, economic, political, defense and security, trade, investment and trade, culture and people-to-people. International and regional issues of common interest were also discussed in a joint press release issued after the event.
Both sides agreed to take joint measures to protect their common interests, promote the socio-economic development of the people of the two countries, and ensure regional peace, development and prosperity.
Pakistan and China have agreed to establish an “enhanced version” of the China-Pakistan Economic Corridor (CPEC) by deepening and proving China’s eight key steps to support high-quality Belt and Road cooperation and jointly build the development corridor. The life-enhancing corridors, Innovation Corridors, Green Corridors and Open Corridors are in line with Pakistan’s development framework and priorities.
The two sides agreed to improve ML-1, Gwadar Port, Karakoram Highway Phase 2 reconstruction, strengthen cooperation in agriculture, industrial parks, mining, information technology and other fields according to local conditions and accelerate progress in key connectivity projects. increase Pakistan’s capacity for sustainable development.
They believe that the Khunjerab crossing has played an important role in promoting bilateral trade and people-to-people exchange and agreed to accelerate efforts to ensure that the Khunjerab crossing is operational throughout the year.
The two parties agreed to further strengthen financial and banking cooperation through mutual support in regional and international forums. The Pakistani side expressed its gratitude to China for its support and assistance in the financial and financial sector after the floods and other natural disasters.
Both sides reiterated that Pakistan and China are strategic climate partners and share inseparable friendship and strategic mutual trust.
It was agreed that the two parties will implement the important agreement reached by the leaders of the two countries, strengthen the exchange at all levels, deepen the exchange of experience in public administration, and further develop cooperation in all fields.
China congratulated Pakistan on the successful general election and wished the new government of Pakistan well, while Pakistan praised China’s great achievements under the leadership of President Xi Jinping in the New Era.
The Pakistani side reaffirmed its commitment to the one-China principle and reaffirmed Taiwan’s support for China in Xinjiang, Sizang, Hong Kong and the South China Sea. Both sides strongly condemned the March 26, 2024 terrorist attack on a Chinese convoy of the Dasu hydroelectric project in Pakistan and said that any attempt to undermine China-Pakistan cooperation would never succeed. It is assured that Pakistan will hunt down the culprits and bring them to justice, take more effective security measures and make every effort to ensure the safety of Chinese employees, projects and institutions in Pakistan.
Both sides reaffirmed the “resilience” approach in all forms and forms of terrorism and agreed to further strengthen cooperation in counter-terrorism and security through a comprehensive approach.
Both sides expressed satisfaction with the growing space cooperation and agreed to build further for peaceful and mutually beneficial space exploration.
Both sides stressed the importance of maintaining peace and stability in South Asia, the need to resolve all major disputes and their opposition to unilateral action.

Tags: banking and financial sectorsBilateral relations and cooperationChina-Pakistan Economic CorridorChina-Pakistan Economic Corridor (CPEC)Deputy Prime MinisterDeputy Prime Minister and Foreign Minister Ishaq Darforeign ministerISLAMABADPAKISTANPakistan and ChinaPakistan-China Foreign Minister Strategicpublic purveiw
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