ISLAMABAD
\nPakistan and China have decided to start a new phase of China Pakistan Economic Corridor (CPEC) with a lot of focus on industrial cooperation, agriculture, mining and energy. Last year marked the 10th anniversary of the China-Pakistan Economic Corridor, which is a flagship project of the Belt and Road Initiative.
\n\u201cHaving drawn from the excellent progress that was made during the first 10 years of this corridor, both China and Pakistan have decided to start the new phase with a lot of focus on industrial cooperation and agriculture, as well as mining and energy, (with) a renewed focus on renewable energy,\u201d he told China Daily.
\nBeyond that, in the second phase of CPEC, the two elements of high-quality development and the sustainable nature of the projects will get sharper focus, he said. \u201cGoing forward, we are very excited to start the next phase, building on the very good progress that has been made,\u201d Hashmi said. \u201cWe have all the ingredients in place\u201d, including good-quality infrastructure, he said.
\n\u201cThese are areas which we also find alignment with, so both Pakistan and China agreed to pursue the next phase along these lines,\u201d Hashmi said. Hailing China\u2019s global vision, he said the global visions proposed by China, including the Belt and Road Initiative and the concept of building a community with a shared future for mankind, underscore Beijing\u2019s goal of universal prosperity and sharing high-quality development with the rest of the world.
\nThey \u201cdemonstrate the notion of win-win that President Xi Jinping has emphasized for a long time\u201d, he added. Hashmi noted that at the third Belt and Road Forum for International Cooperation in October, Xi announced an eight-point agenda in relation to the Belt and Road Initiative and that the global community lauds the program as it advances \u201cinnovation in development, livelihoods, open economy, (and) compliance with internationally accepted standards when building new projects\u201d.
\nXi, in his keynote speech, listed eight major steps that China will take to support the joint pursuit of high-quality Belt and Road cooperation, which include building a multidimensional Belt and Road connectivity network and supporting an open world economy. Hashmi believes the larger spirit in the concept of a community of shared future, especially in the new era, is highly significant.
\n\u201cAs far as I can see, I think this is where China has done an excellent job in bringing forth to the developing world, its own experiences, and its own good practices,\u201d he said. China has its own experience in the past 30 to 40 years of lifting 800 million people out of poverty, developing first-class infrastructure, and producing some of the best goods with innovation and high quality, the diplomat noted.Hashmi said the Global Development Initiative, or GDI, is \u201cyet another example of presenting a very solid vision of sustainable development for the world\u201d. What makes the GDI so special for him is its complete alignment with the United Nations\u2019 Sustainable Development Goals. \u201cIt also places very high emphasis on three dimensions of development, which are social, economic, and environmental,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD Pakistan and China have decided to start a new phase of China Pakistan Economic Corridor (CPEC) with a lot of focus on industrial cooperation, agriculture, mining and energy. Last year marked the 10th anniversary of the China-Pakistan Economic Corridor, which is a flagship project of the Belt and Road Initiative. \u201cHaving drawn from the […]<\/p>\n","protected":false},"author":2,"featured_media":390064,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-390046","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news"},"yoast_head":"\n