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PakistanEconomy

On his first visit to China, the Premier will talk about CPEC today

Shehbaz is one of the first leaders to travel to Beijing after the historic 20th CPC National Congress.

News Desk
By News Desk Published November 1, 2022
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prime minister shehbaz
Image Credits: Business Recorder

The premier is scheduled to go for Beijing today, per his official Twitter account. He is one of the first political figures to travel to the neighbouring nation following the historic 20th National Congress of the Communist Party of China (CPC), at which Xi Jinping was chosen as the party’s general secretary.

The prime minister met with President Xi in Uzbekistan last month, and this will be his first trip to China since taking office in April 2022.

Shehbaz was grateful for this “honour” as well as the Pakistani and Chinese friendship and cooperation in spite of difficulties.

Leaving for Beijing today. Honoured to be among the first few leaders to have been invited after the historic 20th National Congress of the CPC. At a time when the world is grappling with multiple challenges, Pakistan & China stand together as friends & partners. 1/2

— Shehbaz Sharif (@CMShehbaz) November 1, 2022

The “revitalisation of CPEC” would be a major topic of discussion, among other crucial issues, according to the premier’s statement during his meeting with the Chinese leadership.

According to a tweet from Shehbaz, the second phase of CPEC “promises to usher in a new era of socio-economic progress that would elevate the standard of our people’s lives.”

Pakistan, he continued, can benefit greatly from the “Chinese economic miracle.”

My discussions with Chinese leadership will focus on revitalization of CPEC among many other things. 2nd phase of CPEC promises to usher in a new era of socio-economic progress that will uplift quality of our people's lives. There is a lot to learn from Chinese economic miracle. https://t.co/A6knRLzN6l

— Shehbaz Sharif (@CMShehbaz) November 1, 2022

Earlier, PM Shehbaz said he was looking forward to meeting the Chinese governance for a sequence of “productive and fruitful meetings” aimed at improving business, tactical, and people-to-people ties. He was speaking to the first steering committee meeting of the Pakistan-China Business and Investment Forum (PCBIF).

He emphasized the necessity for Pakistan to closely resemble the Chinese growth model to advance and prosper sustainably. He also emphasized the significance of developing an atmosphere that is conducive to forging business-to-business relationships.

He argued that in order for Pakistan to gain from China, business practises there should be simplified “Let’s join hands and move forward to create a win-win situation for the Chinese and Pakistani businessmen and investors.”

The Belt and Road Initiative’s (BRI) main project, CPEC, was referred to by the prime minister as a “game-changer” and he remembered how it assisted Pakistan in overcoming its severe power outages.

In order to take advantage of the inexpensive local labour, he emphasised the establishment of Special Economic Zones in Pakistan, where labor-intensive Chinese industries could relocate. He saw this as a win-win situation for business houses in both nations.

He praised the Chinese Ambassador Nong Rong’s efforts for contributing significantly to advancing Pakistan-China relations in several areas.

Before his trip to China, Shehbaz also met with the Chinese ambassador, Nong, and spoke with him about a range of topics, according to a statement from the Prime Minister’s Office.

Additionally, a high-level delegation was announced by the Prime Minister’s Office to go with the Prime Minister to China.“During his stay, the prime minister will meet President Xi Jinping and hold delegation-level talks with Premier Li Keqiang,” it added.

“The visit is also expected to advance the wide-ranging bilateral cooperation agenda with the conclusion of a number of MoUs/agreements in diverse areas, and consolidate the momentum of CPEC cooperation in the wake of the 11th meeting of the CPEC Joint Cooperation Committee (JCC) on October 27, 2022,” the report stated.

TAGGED: Pak-China relations, PM to discuss CPEC, Shehbaz sharif to visit china
By News Desk
The author is the news desk team.
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