CPEC 2.0 to drive innovation, industry and connectivity: Ahsan Iqbal

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Tuesday outlined the vision for Phase-II of the China-Pakistan Economic Corridor (CPEC), stating that the next stage of the flagship initiative would prioritise innovation, industrial growth and stronger people-to-people linkages.

Speaking at an annual award ceremony honouring outstanding Pakistani and Chinese professionals working on China-Pakistan Economic Corridor projects, the minister said the new phase would include growth corridors, innovation corridors, livelihood initiatives and broader regional development programmes.

He paid tribute to engineers and technical experts from both countries, calling them the true architects of CPEC who played a vital role in transforming development plans into reality. The ceremony, he noted, was not just about awards but a recognition of their dedication and service.

Highlighting future priorities, Iqbal stressed the importance of adopting solar energy solutions and modern meteorological systems to meet Pakistan’s evolving needs. He also underscored the significance of human resource development, urging Pakistani students studying in China to return and contribute to national progress.

The minister revealed that discussions were underway on establishing a China-Pakistan Knowledge Corridor to expand access to quality higher education for young Pakistanis. Reaffirming the strength of bilateral ties, he said Pakistan placed great importance on its all-weather strategic partnership with China.

Recalling the early days of CPEC, Iqbal said Pakistan had faced severe energy shortages, with power outages lasting up to 18 hours. He credited Chinese investment for helping the country overcome the crisis, adding that the corridor had played a pivotal role in driving economic development over the past decade.

“Friends are those who stand by you in times of need,” he remarked, noting that without CPEC, Pakistan might still be grappling with acute power shortages.

The minister added that agreements signed at the event would further accelerate development projects and deepen Pakistan-China cooperation. He also highlighted the growing geopolitical significance of Gwadar as a result of CPEC.

Meanwhile, Chinese Ambassador to Pakistan Jiang Zaidong noted that this year marked the 75th anniversary of diplomatic relations between the two countries. He said recent high-level exchanges had led to important agreements on CPEC and broader cooperation.

The ambassador also confirmed that Ishaq Dar was currently visiting China, where he is scheduled to meet Chinese Foreign Minister Wang Yi to discuss key regional and bilateral issues.

He appreciated Pakistan’s leadership for its role in the current regional situation and reaffirmed China’s commitment to strengthening ties for the mutual benefit of both nations.