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Latest Progress on the CPEC - China Embassy in Pakistan

The China-Pakistan Economic Corridor (CPEC) is a major and pilot project of the Belt and Road Initiative and one major platform for comprehensive and substantive cooperation between China and Pakistan. CPEC is an important consensus reached by the two countries. The Chinese leaders attach great importance to the development of CPEC. In May 2013, Chinese Premier Li Keqiang proposed the initiative of CPEC during his visit to Pakistan. During President Xi Jinping's visit in April 2015, both sides agreed to promote a "1+4" pattern of economic cooperation, featuring a central role of the CPEC and four key areas including the Gwadar port, energy, transportation infrastructure and industrial cooperation, so as to achieve win-win results and common development. Both sides agreed on the principles of scientific planning, step-by-step implementation, consensus through consultation, mutual benefit and win-win results, as well as ensuring quality, safety, and environmental protection. During Prime Minister Imran Khan's visit to China, the two sides reaffirmed their complete consensus on the future trajectory of the CPEC, timely completion of its on-going projects and joint efforts for realization of its full potential with a focus on social-economic development, job creation and livelihoods and accelerating cooperation in industrial development, industrial parks and agriculture...................

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