Latest news with #CPECPhase-II
Express Tribune
2 days ago
- Business
- Express Tribune
Iqbal reiterates quality over quantity at JCC meet
Federal Minister for Planning, Development & Special Initiatives, Ahsan Iqbal, chaired a high-level meeting to review preparations for the forthcoming session of the Joint Cooperation Committee (JCC) of the China-Pakistan Economic Corridor (CPEC) ahead of Prime Minister Shehbaz Sharif's scheduled visit to Beijing. Iqbal noted that the PM's upcoming visit will mark the formal launch of CPEC Phase-II, with both sides expected to set clear priorities and agree on tangible, measurable outcomes. Speaking about the future of CPEC, Iqbal highlight the importance of quality over quantity, noting that only carefully selected, high-impact projects will be advanced to ensure sustainability. He underscored the need to expand Pakistan's trade and export footprint in China. He directed the relevant authorities to address unnecessary delays in visa processing on priority to facilitate genuine businesspersons. He also instructed the preparation of an outcome-focused plan to diversify exports, strengthen industrial linkages, and maximise benefits from enhanced market access under CPEC cooperation. With regards to China's offer to train 10,000 people, Iqbal called for a transparent framework that enables the right people to capitalise on the opportunity.
Business Recorder
2 days ago
- Business
- Business Recorder
Preparations for PM's visit, CPEC JCC session reviewed
ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives, Professor Ahsan Iqbal, on Tuesday, chaired a high-level meeting to review preparations for the upcoming Joint Cooperation Committee (JCC) session of the China–Pakistan Economic Corridor (CPEC) and the prime minister's planned visit to Beijing. The minister said that the future of CPEC should focus on quality over quantity, stressing that only well-planned, high-impact projects will move forward to ensure sustainability and strengthen Pakistan's institutions. Sharing details of his recent visit to China, he said that, on the prime minister's behalf, he invited President Xi Jinping to visit Islamabad in 2026 to celebrate 75 years of diplomatic relations between Pakistan and China. He added that the prime minister's upcoming trip to Beijing will formally launch CPEC Phase-II, during which, both sides are expected to set clear priorities and agree on concrete, measurable outcomes. The minister stressed the need to expand Pakistan's trade and exports to China and directed that visa processing for genuine businesspersons be expedited to avoid unnecessary delays. He also called for a practical, results-oriented plan to diversify exports, strengthen industrial linkages, and fully utilise the expanded market access available under CPEC. On human resource development, Iqbal stressed the need to make full use of the 10,000 training opportunities offered by China in various sectors. He directed that a transparent system be put in place to ensure the right people are selected for the right training, in line with institutional needs, so Pakistan can achieve lasting capacity-building and organisational benefits. The meeting reviewed progress on key priority areas, including the Multan–Sukkur Motorway, training programmes for IT graduates, artificial intelligence infrastructure, industrial relocation, special economic zones, mining, and agriculture. The minister directed that detailed, data-based studies be carried out on China's industrial relocation patterns and that Pakistan's export strengths be carefully matched with Chinese market needs. Noting that China imports goods worth over US$2 trillion annually, he stressed that Pakistan should set a clear target of capturing at least US$30–50 billion of this trade by improving competitiveness and preparing its key sectors. He directed that an outcome-oriented study be completed to identify high-potential sectors and products for export to China, with the objective of creating an exportable surplus, attracting sustained investment, and strengthening the balance of payments over the medium term. He reiterated the need for policy continuity and institutional reforms to realise long-term CPEC gains, and affirmed close engagement with the private sector, academia, and research institutions in industrial cooperation, technology, agriculture, energy, and human resource development. Copyright Business Recorder, 2025
