ISLAMABAD: Pakistan’s Planning Minister Ahsan Iqbal on Saturday described Beijing’s development model as a “source of inspiration” for his country while discussing the next phase of the multibillion-dollar China-Pakistan Economic Corridor (CPEC) during a meeting with Chinese Vice Foreign Minister Sun Weidong.
CPEC is a flagship initiative of China’s Belt and Road Initiative (BRI), launched in 2013 to develop infrastructure and connectivity between Gwadar Port in Pakistan and China’s Xinjiang region.
The first phase focused on power generation and road networks, while the upcoming second phase aims to center on industrialization, business-to-business cooperation and technological development.
Iqbal is currently in Beijing to push for deeper economic integration and bilateral collaboration between the two countries.
“China’s development model remains a source of inspiration for Pakistan,” he said during the meeting, according to the Associated Press of Pakistan.
