BEIJING: Prime Minister Shahbaz Sharif on Thursday met Chinese Premier Li Keqiang in Beijing, with both leaders reaffirming their commitment to further strengthening the Pakistan-China comprehensive strategic partnership.
The high-level meeting centred on progress under the China-Pakistan Economic Corridor (CPEC). The prime minister underscored the importance of accelerating key projects, including the Karakoram Highway, the Main Line-1 (ML-1) railway, and the Gwadar Port.
Both sides also agreed to move forward with Phase II of CPEC, which envisions five new corridors aimed at boosting trade and regional connectivity.
A key outcome of the talks was the unveiling of the Joint Action Plan (2024–2029), described as a “milestone” in bilateral ties. The plan outlines cooperation in trade, investment, and infrastructure development, setting the stage for what officials called a “new era” in Pakistan-China relations.
PM Sharif also highlighted the participation of over 800 Pakistani and Chinese firms in the ongoing Beijing Investment Conference, terming it a reflection of growing investor interest.
In a significant announcement, PM Sharif confirmed Pakistan’s plan to issue Panda Bonds, marking the country’s entry into the Chinese capital market.
The premier thanked China for its support in safeguarding Pakistan’s territorial integrity and contributing to its socio-economic development.
Priority sectors identified for enhanced cooperation included agriculture, mining, textiles, industry, and information technology.
PM Sharif reaffirmed Pakistan’s backing for President Xi Jinping’s initiatives — the Global Development Initiative (GDI), the Global Security Initiative (GSI), and the Global Civilization Initiative (GCI) — which he said would advance peace and development worldwide.
Chinese premier hosted a state luncheon in honour of PM Sharif, during which both sides reiterated their resolve to strengthen collaboration in trade, infrastructure, and connectivity.
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The two leaders agreed to jointly celebrate the 75th anniversary of diplomatic ties between Pakistan and China next year.
In addition to the bilateral talks, several agreements were signed to enhance cooperation in science, technology, information technology, media, and agriculture, further cementing what both leaders termed an “all-weather strategic partnership”.
