{"id":52464,"date":"2024-01-26T01:02:07","date_gmt":"2024-01-26T01:02:07","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/ready-to-upgrade-cpec-says-beijing\/"},"modified":"2024-01-26T01:02:07","modified_gmt":"2024-01-26T01:02:07","slug":"ready-to-upgrade-cpec-says-beijing","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/ready-to-upgrade-cpec-says-beijing\/","title":{"rendered":"Ready to upgrade CPEC, says Beijing"},"content":{"rendered":"<p><\/p>\n<div dir=\"auto\">\n<p>BEIJING \/ ISLAMABAD: China has said it is ready to work with Pakistan to upgrade the China-Pakistan Economic Corri\u00addor (CPEC) and accelerate the building of an even closer China-Pakistan community with a shared future in the new era.<\/p>\n<p>Separately, caretaker Prime Minister Anwaarul Haq Kakar said after having achieved the first phase of CPEC, Pakistan is benefiting from its early harvest projects while remaining engaged with China to execute the next phase.<\/p>\n<p>Chinese foreign ministry\u2019s spokesperson Wang Wenbin while answering a question during a briefing on Wednesday said, \u201cChina stands ready to work with Pakistan to deliver on the important common understandings between the leaders of the two countries, deepen political mutual trust, and expand practical cooperation.\u201d<\/p>\n<p>About the recent visit of Chinese Vice Foreign Minister Sun Weidong to Pakistan, he said the minister during his Jan 20-22 trip called on President Arif Alvi, Prime Minister Kakar, Chairman of the Joint Chiefs of Staff Committee General Sahir Shamshad Mirza, Chief of the Army Staff General Syed Asim Munir and Foreign Minister Jalil Abbas Jilani to have in-depth exchange of views on bilateral relations and issues of mutual interest.<\/p>\n<figure class=\"media  sm:w-1\/2  w-full  media--right  media--embed  media--uneven\">\n<p>    <iframe class=\"nk-iframe\" onload=\"setInterval(()=&gt;{try{this.style.height=this.contentWindow.document.body.scrollHeight+'px';}catch{}}, 100)\" width=\"100%\" frameborder=\"0\" scrolling=\"no\" style=\"height:400px;position:relative\" src=\"https:\/\/www.dawn.com\/news\/card\/1807889\" sandbox=\"allow-same-origin allow-scripts allow-popups allow-modals allow-forms\"><\/iframe><\/p>\n<\/figure>\n<p>The spokesperson added that the Chinese minister also co-chaired the fourth meeting of the CPEC Joint Working Group on International Cooperation and Co\u00ad\u00adordination with Foreign Secretary Syrus Sajjad Qazi. \u201cChina and Pakistan are all-weather strategic cooperative partners,\u201d he said.<\/p>\n<p>China appreciates Pakistan\u2019s firm commitment to the One-China principle and supports Pakistan in defending its sovereignty, independence and territorial integrity, stability, development and prosperity.<\/p>\n<p><strong>Next CPEC phase<\/strong><\/p>\n<p>In Islamabad, PM Kakar said that after having achieved the first phase of CPEC, Pakistan is benefiting from its early harvest projects while remaining engaged with China to execute the next phase.<\/p>\n<p>\u201cWe have already achieved the CPEC\u2019s first phase and we are benefiting from its early harvest projects. We are entering the second phase. We do need more deliberations when it comes to the second phase,\u201d he said in an interview recorded by <em>CGTN<\/em> during his recent visit to Davos to attend the World Economic Forum. The Chinese news outlet ran the interview on Wednesday.<\/p>\n<p>PM Kakar said the CPEC\u2019s second phase required road and air connectivity around industrialisation projects.<\/p>\n<p>\u201cBoth sides are engaged and we have developed a lot of connectivity \u2014 road, air and the rest of connectivity corridor. We are benefiting from the ecosystem of doing trade with one another,\u201d he remarked.<\/p>\n<p>Asked how he saw the Chinese economy, the prime minister said: \u201cI am always sanguine about it. There are 1.5 billion consumers and 1.5bn producers\u2026 How can you divorce 1.5bn people from 8bn people? It has to remain connected.\u201d<\/p>\n<p><strong>Circular debt<\/strong><\/p>\n<p>Less than two weeks away from the end of its term, the caretaker government on Wednesday vowed to devise a plan to overcome the mammoth circular debt in the power and gas sector.<\/p>\n<p>The circular debt reportedly swelled to over Rs5.73 trillion \u2014 Rs2.5tr power and Rs3tr gas.<\/p>\n<p>Presiding over a meeting, PM Kakar directed the authorities concerned to devise an effective, durable and doable plan to overcome circular debt.<\/p>\n<p>The PM had already expressed dissatisfaction over the poor performance of Discos and directed the power division to submit a comprehensive plan with clear targets, responsibilities and timelines, said an official.<\/p>\n<p><em>Published in Dawn, January 25th, 2024<\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING \/ ISLAMABAD: China has said it is ready to work with Pakistan to upgrade the China-Pakistan Economic Corri\u00addor (CPEC) and accelerate the building of an even closer China-Pakistan community with a shared future in the new era. Separately, caretaker Prime Minister Anwaarul Haq Kakar said after having achieved the first phase of CPEC, Pakistan [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":52465,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/i.dawn.com\/large\/2024\/01\/2507454720b3165.png?r=074646","fifu_image_alt":"","footnotes":""},"categories":[13],"tags":[],"class_list":["post-52464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/52464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=52464"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/52464\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/52465"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=52464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=52464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=52464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}