Shehbaz Sharif and Li Qiang Launch CPEC 2.0 for Economic Surge

Photo by Nahi Khabar 24/7 – via Personal Collection

Islamabad/Beijing: Pakistan’s Prime Minister Shehbaz Sharif and Chinese Premier Li Qiang have formally inaugurated the second phase of the China-Pakistan Economic Corridor (CPEC 2.0), marking a new chapter in bilateral cooperation aimed at accelerating regional connectivity, industrial growth, and energy development.

At a high-level ceremony attended by ministers, diplomats, and senior officials from both sides, the two leaders reaffirmed their commitment to strengthening economic integration under the Belt and Road Initiative (BRI).

Key Features of CPEC 2.0

• Industrial Expansion: Establishment of new Special Economic Zones (SEZs) across Punjab, Sindh, Khyber Pakhtunkhwa, and Balochistan to attract foreign investment.
• Energy Security: Joint projects focusing on renewable energy, including solar and hydropower, to stabilize Pakistan’s electricity grid.
• Connectivity Boost: Development of upgraded road and rail links to improve trade flows between Gwadar Port and Western China.
• Technology & Agriculture: Collaboration on agricultural modernization and digital infrastructure, aimed at enhancing food security and innovation.

Leaders’ Remarks

Prime Minister Shehbaz Sharif hailed the project as a “game-changer” for Pakistan’s economic revival, stating that “CPEC 2.0 will not only transform Pakistan’s infrastructure but also uplift millions through job creation and sustainable growth.”

Chinese Premier Li Qiang emphasized China’s long-term partnership with Pakistan, assuring continued support for projects that promote mutual prosperity. “China sees Pakistan as an all-weather strategic partner, and CPEC’s second phase reflects our shared vision for development,” he said.

Economic Prospects

Experts believe that the launch of CPEC 2.0 could significantly boost Pakistan’s GDP growth, improve export competitiveness, and provide a lifeline to industries struggling with energy shortages and logistic challenges.

The upgraded corridor is also expected to attract regional players into trade networks, solidifying Pakistan’s role as a hub of connectivity between South Asia, Central Asia, and the Middle East.