CPEC, as a signature project under the Belt and Road Initiative, has served as a fine example as China and other Islamic countries work to synergize their development strategies. As an all-weather strategic cooperative partner, China always gives priority to its cooperation with Pakistan in its overall external cooperation. Chinese Consul General in Karachi Li Bijian, at an interactive session with group of journalists at the Consulate, said.
Belt and Road Initiative, BRI has two components – one over land known as Silk Road Economic Belt and another maritime component tagged as Maritime Silk Road. Once this initiative was executed, it would have would tremendous economic impact on the related countries.
Under BRI, China intends to invest billions of dollars on infrastructure in many countries. The initiative would develop major industrial, agriculture and energy centers in the partnering countries and all these will strengthen the links with China.
The part of BRI falling in Pakistan is known as China-Pakistan Economic Corridor under which will be constructed industrial parks, agriculture farms, railways, airports, roads, agricultural centers, energy generating projects including big solar energy projects.
The Chinese diplomat mentioned that the first phase of CPEC has been almost completed . It is focused on development and upgradation of infrastructure, and setting up energy generating projects including those of renewable energy.