ISLAMABAD; Federal Minister for Planning, Development, and Special Initiatives, Professor Ahsan Iqbal, presided over a key session of the Cabinet Committee on Chinese Investment Projects in Islamabad, aimed at reviewing the status and challenges surrounding the China-Pakistan Economic Corridor (CPEC).
CPEC, a flagship initiative under China’s Belt and Road Initiative (BRI), was launched in 2015 and has since been central to Pakistan’s development agenda. It includes major infrastructure, energy, and connectivity projects. The multibillion-dollar initiative is now entering its second phase, with a broader focus on industrial cooperation, agriculture, science and technology, and social development.
The meeting brought together senior representatives from key federal ministries to assess the progress of ongoing projects and the implementation of directives from previous meetings. Minister Ahsan Iqbal underscored the urgency of resolving all issues faced by Chinese investors, reiterating that their concerns must be addressed without delay.
He stressed that the success of CPEC Phase-II lies in expanding cooperation into new sectors, especially those that foster regional integration. Highlighting Gwadar Port’s strategic importance, he said it has the potential to become a hub for regional trade and economic activity.
Ahsan Iqbal directed authorities to ensure protection of the livelihoods of local fishermen, while accelerating work on water and electricity projects in Gwadar to improve local living conditions. The committee further instructed all ministries to resolve outstanding issues related to Chinese-funded projects promptly. The minister reaffirmed Pakistan’s commitment to providing a secure and investor-friendly environment, stating that enhancing foreign investment remains a top national priority.
