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Pakistan, China agree to upgrade CPEC project in second phase

ISLAMABAD, June 7 (KUNA) - Prime Minister of Pakistan Muhammad Shehbaz Sharif on Friday met Chinese President Xi Jinping and agreed on upgrading China Pakistan Economic Corridor (CPEC) and advancing its second phase.
According to a press release issued by PM House, PM Sharif held a long and in-depth discussion in a meeting with the Chinese President Xi Jinping at the historic Great Hall of the People in Beijing during his five day visit to China. The two leaders reaffirmed the time-honored 'All-Weather Strategic Cooperative Partnership' and expressed the resolve to further deepen cooperation across diverse domains ranging from political and security to economic, trade, and people-to- people exchanges. Commending President Xi's visionary Belt and Road Initiative (BRI) and Global Development Initiative (GDI), the Prime Minister underscored that as the flagship project of BRI, CPEC had significantly contributed to Pakistan's socio-economic development, said the release. The two leaders reaffirmed the consensus to high-quality development of CPEC and timely completion of major ongoing projects. The two leaders affirmed consensus on upgrading the CPEC and advancing high quality development of CPEC in the second phase. The Prime Minister reiterated Pakistan's commitment to high-quality development of CPEC and to foster synergy between the development strategies of the two countries through close coordination. He underlined Pakistan's commitment and full support for safety and security of Chinese nationals, projects and institutions in Pakistan. The Prime Minister briefed President Xi on Pakistan's policies for economic reform and sustained growth, industrial development, agricultural modernization and regional connectivity and the critical role played by CPEC in Pakistan's development.
The release further said that they also exchanged views on regional and global developments including Afghanistan, Palestine and South Asia including the serious human rights situation in Jammu and Kashmir. The two sides reiterated their longstanding support on each other's issues of core interest. This is the Prime Minister's first meeting with the President of China since assuming office this year. (end) sbk.ibi