
Upcoming JCC session: Pakistan govt finalises CPEC deliverables after progress reviews
ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal, chaired a high-level preparatory meeting of the Pakistani side of the China-Pakistan Economic Corridor (CPEC) Joint Cooperation Committee (JCC).
The meeting convened key stakeholders, including conveners of CPEC Joint Working Groups (JWGs) and secretaries from the ministries of Foreign Affairs, Communications, Maritime Affairs, Science and Technology, Railways, Commerce, and Interior, to review progress and finalise deliverables for the upcoming 14th JCC session.
Iqbal conducted a comprehensive review of CPEC project status across vital sectors, including Gwadar development, industrial cooperation, science and technology, transport infrastructure, agriculture, and the blue economy. He mandated all ministries to rigorously operationalise the long-term CPEC plan by ensuring their project roadmaps are fully aligned with established sectoral priorities for effective and result-oriented implementation.
JCC under CPEC to meet in June: Agri tech, energy and Gwadar projects discussed
The minister instructed the Board of Investment to immediately initiate strategic outreach to 20–25 major Chinese economic zones, aiming to attract experienced companies for Special Economic Zone (SEZ) development and industrial relocation to Pakistan.
Emphasising science and technology as the cornerstone of future export-led growth, he directed the Ministry of Science and Technology to study China's advancements in emerging scientific fields, formulate a national scientific development agenda, and identify 10 high-potential export products for targeted research and innovation support.
Minister Iqbal underscored Gwadar's critical role as a blue economy hub, demanding accelerated development in coastal tourism, fisheries, and industry through enhanced engagement with Pakistani and Chinese business communities.
He also directed officials to finalise a proposal for introducing a third-party participation mechanism under CPEC to facilitate broader infrastructure projects, for presentation and approval at the forthcoming JCC session.
Concluding the meeting, Minister Iqbal reiterated CPEC's immense potential for investment, relocation, and joint ventures. He demanded unified, proactive efforts across all government institutions to deliver tangible, actionable outcomes for the JCC. He called for intensified inter-ministerial coordination and strategic planning to ensure the 14th JCC session serves as a landmark event in advancing CPEC 2.0 vision for a prosperous and connected Pakistan.
The minister emphasised that CPEC phase-2 is now fully integrated into the broader national transformation vision under the Uraan Pakistan initiative. As a flagship development framework aimed at turning Pakistan into a $3 trillion economy by 2047, Uraan Pakistan provides a clear roadmap through its 5Es: Exports, E-Pakistan, Environment, Energy, and Equity.
CPEC phase-2's focus on industrialisation, connectivity, science and technology, and sustainable growth directly complements these pillars. The synergies between Uraan Pakistan and CPEC will not only catalyse economic modernisation but also ensure inclusive, innovation-driven development across all regions of Pakistan.
Highlighting the need to deepen business-to-business (B2B) collaboration, Minister Iqbal stressed that private sector partnerships between Pakistani and Chinese companies will be pivotal in CPEC's next phase.
B2B cooperation will unlock new avenues for industrial growth, technology transfer, and job creation. It will empower local enterprises, attract FDI, boost exports, and drive innovation in sectors like manufacturing, logistics, energy, agriculture, and ICT. A thriving B2B ecosystem under CPEC phase-2 will also foster entrepreneurship, upskill the workforce, and enhance Pakistan's global competitiveness — transforming economic zones into engines of opportunity and prosperity.
Copyright Business Recorder, 2025
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Express Tribune
43 minutes ago
- Express Tribune
Food price disparities persist across metropolis
A steep and widespread increase in the prices of perishable food items has been observed across the provincial capital this week, highlighting the ineffectiveness of official measures aimed at curbing artificial inflation and profiteering. Despite repeated claims by the Punjab government, enforcement of the official price list remained virtually ineffective in markets. Retailers openly flouted the government-fixed prices despite then recent establishment of a price monitoring department led by a secretary. Live chicken prices were officially reduced by Rs28 per kilogram this week, bringing the rate to Rs369383 per kg. However, it was generally unavailable, while chicken meat sold for Rs580690 per kg and boneless chicken for Rs900 to Rs1,050. Among vegetables, the official price of A-grade soft skin potatoes increased by Rs10 to Rs5560 per kg, but they were sold at Rs120140 per kg. B-grade potatoes, fixed at Rs4550, and C-grade at Rs3540, were sold as mixed lots for Rs80100 per kg. Sugar-free potato prices also rose, with A-grade set at Rs4550 but sold for as high as Rs100 per kg. A-grade onions, fixed at Rs3540, were sold for Rs80 per kg. Similar disparities were observed in B- and C-grade onions. Tomatoes followed the same trend, with A-grade fixed at Rs3540 but retailing between Rs80 and Rs120 per kg. Garlic and ginger prices showed notable increases. Locally produced garlic, officially priced at Rs176185 per kg, was sold for Rs200250, while Chinese garlic, fixed at Rs252265, was sold for Rs400. Ginger prices dropped on paper, with the Thai variety set at Rs582610 and Chinese at Rs535580 per kg, yet both were sold for Rs8001,000 per kg. Spinach, fixed at Rs3540, was sold for up to Rs100 per kg. Other items showing significant disparities included cabbage (Rs4750, sold at Rs120150) and Chinese carrots (Rs5255, sold at Rs200250). Among fruits, apple prices surged by Rs30, with official rates ranging from Rs250 to Rs420 per kg, but market prices reached Rs800 per kg. Bananas were also sold well above official prices. Papaya, melon, watermelon, cantaloupe, peach, and phalsa all recorded price gains, with official rates far lower than selling prices.


Express Tribune
44 minutes ago
- Express Tribune
Islamabad, Kabul bonhomie surges
Pakistan and Afghanistan stepped up their contacts as a new push to reset their long troubled ties is making significant strides, officials said here as the foreign ministers from the two countries spoke on Sunday by phone. The latest telephonic conversation between Deputy Prime Minister Ishaq Dar and Afghan Interim Foreign Minister Amir Khan Muttaqi came days after Pakistan agreed to upgrade diplomatic ties with Kabul. The Interim Afghan government welcomed Pakistan's move to appoint a full time Ambassador in Kabul, becoming the fourth country to do so. China took the lead last year when it sent a full time ambassador to Kabul and accepted a Taliban Envoy in Beijing. China has been instrumental in persuading Pakistan and Afghanistan to exchange ambassadors. The breakthrough came after the interim Taliban government took a series of steps to address Pakistan's concerns over the cross border terrorist attacks. Pakistani officials confirmed to The Express Tribune that Kabul for the first time moved against elements particularly the Afghan nationals who either joined the banned Tehreek-e-Taliban Pakistan (TTP) or were thinking to be part of the group. Scores of such Afghans were arrested as well as those who were facilitating young people to join the ranks of TTP. Those steps encouraged Pakistan to increase interaction with the Afghan Taliban government. The decision was also significant since India was trying to exploit the strained relationship between Pakistan and Afghanistan to its advantage. A statement issued here by the Foreign Office said Foreign Minister Muttaqi welcomed the decision of Pakistan to up-grade its diplomatic relations to the ambassador level and informed that Afghanistan decided to reciprocate the same. He termed it a very positive development in bilateral relations. Both leaders also reviewed implementation of decisions taken during DPM/FM's visit to Kabul on 19 April 2025 and vowed to continue working together to establish mutual trust between the two brotherly nations. Emphasizing the importance of Uzbekistan-Afghanistan-Pakistan (UAP) Railway Line Project for regional connectivity, both leaders agreed to work closely for an early finalisation of the framework agreement, according to the statement. The Afghan foreign minister is expected to visit Islamabad soon. This will be Muttaqi's first visit to Pakistan in two years. Pakistan and Afghanistan ties have remained strained since Taliban returned to power in August 2021.

Express Tribune
3 hours ago
- Express Tribune
Water project contract dispute lands in court
The Lahore High Court's Rawalpindi Bench has taken notice of a petition filed by a Turkish firm against the cancellation of two contracts worth Rs20.4 billion under the Asian Development Bank (ADB)-funded Developing Resilient Environment and Advancing Municipal Services (Dreams-I) for water supply improvement at Chahan Dam. Justice Jawad Hassan has granted both the petitioner and the Dream-I project director a two-week period to resolve the matter amicably, highlighting its significance as a case involving foreign investment and international relations. The petition was filed by Turkish company MS 5H Insaat, one of the original winners of the Lot 2 and Lot 3 contracts alongside Pakistani firm Qasim & Co. Although both firms had secured the bid, the contract was ultimately awarded solely to MS 5H Insaat, citing performance guarantees and other reasons. Upon learning of the situation, Punjab Chief Minister Maryam Nawaz ordered a fact-finding investigation by the Chief Minister's Inspection Team (CMIT), which identified serious flaws in the procurement process. It noted that the project, despite being foreign-funded, had not undergone quarterly reviews by its Steering Committee as required. Following the findings, the project's Steering Committee, chaired by Punjab Planning & Development Chairman Barrister Nabeel Awan, decided to cancel the contract and reinitiate the tendering process. The committee also recommended disciplinary action against the officials responsible for the contract award and mandated quarterly reviews for all future foreign-funded projects to ensure transparency.