China and Pakistan will upgrade and rebuild the Railway Network of Pakistan and will further develop its Gwadar Port, while Chinese companies can invest in the country’s offshore oil and gas progress. Xinhua News Agency Reported Thursday
These comments came when President Asif Ali Zardari visits China from February 4-8, where he will also attend the inauguration of the Asian Winter Games.
Since 2013, Chinese investment and financial support for the country has been an honor for its struggle economy.
The two countries have close ties because of their long -standing warning to avoid US influence in India and the entire region.
Pakistan and China have recognized Pakistan’s “Gwadar Port’s importance and agreed to fully remove its capabilities as a key node for communication and trade,” Xinhua Referring to a joint statement between the two countries.
Chinese financing businesses will be encouraged to “carry out mining cooperation in Pakistan” and cooperate with the controversial and maritime geological resources.
“Pakistan has welcomed Chinese companies to participate in the development of foreign oil and gas resources in Pakistan.”
For a long time, thousands of citizens have been working on group projects under the China Economic Transit (CPEC).
Investing $ 65 billion is a part of President Xi Jinping’s Belt and Road Initiative, designed by road, rail and sea by Beijing’s global access.
‘Iron Posted Friendship’
In a joint statement, the Foreign Office (FO) said the two countries confirmed “partnerships between China and Pakistan and the iron friendship”.
“Both sides confirmed their unreasonable support for each other on their relevant basic interests and major concerns,” the FO said.
In addition, Pakistan endorsed the commitment of One -China policy, highlighting that it considered Taiwan “an indispensable part of the People’s Republic of China and Taiwan is the main focus of China’s basic interests”.
The FO said, “It firmly supports all China’s efforts to achieve national unity and oppose ‘Taiwan’s independence’.
According to the statement, the countries reaffirmed their commitment to “show terrorism with all its forms and the attitude of zero tolerance”.
In addition, it states that Pakistan will continue its “efforts to investigate terrorist attacks on Chinese personnel”.
On October 6, 2024, a mass blast Jinnah happened on a road near the International Airport, killing three people – including two Chinese engineers – and at least 11 others were injured.
The attack was claimed by the prohibited organization Baloch Liberation Army (BLA). Police lodged an FIR against the BLA and others leaders three days after the incident.
Regarding the Belt and Road Initiative, countries have agreed to enforce “eight major steps” and jointly make the growth corridor, a livelihood transit, an Innovation Corridor, a green transit and an open passage that Pakistan. The 5ES is associated with the framework.
The government launched its 13th five-year plan (2024-2029) in December, called “Uran Pakistan: Homgroon National Economic Plan”, aimed at making a target called “Five ES”-exports. The key is to tackle the key economic challenges through the framework. E Pakistan; Equation and empowerment; Environment, food and water protection; And energy and infrastructure.
The FO also confirmed that “the upgrade of ML -1 will be tried in a phased and safe way”.
It states that “the two sides reiterated that the plan to restore the Karakoram Highway (Rikkot-Thakot) is very important for the groundwater connection between China and Pakistan.”
In addition, the two countries recognized the importance of Gwadar Port as a multi -model logistics center to promote economic growth.
The statement said, “During this visit, the two sides signed more than a dozen documents covering CPEC, trade, science and technology, people’s livelihoods, and cooperation on the media.
