CPEC 2.0 Launches with $8.5B Pakistan-China Accord
Pakistan and China have formally agreed to advance the next phase of the China–Pakistan Economic Corridor (CPEC 2.0), introducing five new development corridors. The understanding followed a high-level meeting in Beijing between Prime Minister Shehbaz Sharif and Chinese Premier Li Qiang.
Scale of Investment
Both sides signed agreements worth around US $8.5 billion, covering projects in infrastructure, energy, and industrial development. Some of these investments extend existing commitments, but the package signals renewed momentum in bilateral cooperation.
Security Assurances
A central part of the agreement focuses on security. Both governments emphasized that the safety of Chinese workers and engineers engaged in CPEC projects will remain a top priority, given repeated threats in sensitive regions.
Strategic Outlook
The launch of CPEC 2.0, with its five new corridors, is positioned as an upgraded version of the original initiative. It is aimed at boosting connectivity, trade, and industrial growth, reinforcing the strategic partnership between Islamabad and Beijing.
