The next phase of the China-Pakistan Economic Corridor, known as CPEC 2.0, is expected to create fresh opportunities for joint ventures between Pakistan and China in agriculture, industry and mining, according to Adeel Munawar, a representative of the Pakistan China Joint Chamber of Commerce and Industry (PCJCCI). Speaking in Lahore, Munawar welcomed China's commitment to advancing the corridor's second phase and appreciated Chinese Ambassador Jiang Zaidong for reaffirming Beijing's support for enhanced strategic cooperation with Pakistan. He also pledged the full support of PCJCCI for upcoming CPEC projects.
CPEC Achievements Highlighted
Highlighting the corridor's achievements, Munawar said CPEC has attracted more than $25.9 billion in direct investment, created over 260,000 jobs, added more than 8,000 megawatts to Pakistan's power generation capacity and contributed significantly to infrastructure development across the country. He also acknowledged efforts to accelerate key bilateral projects, including the expansion and realignment of the Karakoram Highway Phase-II project. In addition to major infrastructure initiatives, he noted that China continues to support community-focused programmes in education and water supply, particularly in Balochistan.
Strategic Cooperation and Regional Integration
Munawar welcomed calls for closer coordination between Islamabad and Beijing on regional and international matters, emphasizing continued cooperation to strengthen global governance and multilateral engagement. He further highlighted Pakistan's strategic role as a trade gateway connecting China with the Central Asian region through Gwadar Port, describing it as a key factor in boosting regional connectivity and economic integration. The PCJCCI representative also pointed to the untapped energy potential of the Indus Delta, saying the region could play a significant role in future hydrocarbon exploration and energy security.
Energy Exploration Prospects
According to Munawar, surveys conducted jointly by the Pakistan Navy Hydrographical Department and the China Geological Survey have indicated promising oil and gas prospects within Pakistan's Exclusive Economic Zone. He added that a third survey is expected later this year, which could pave the way for future drilling activities and the exploration of potential hydrocarbon reserves. This development underscores the growing collaboration between the two countries in the energy sector, complementing the broader objectives of CPEC 2.0.
