Report by Engineering Post
Great game changer the China-Pakistan Economic Corridor (CPEC), which was launched in its first phase in 2013 has since emerged as a flagship initiative of strategic significance, regional connectivity, fostering economic growth and socio-economic development while reinforcing the enduring partnership between Pakistan and China. Over the past decade, CPEC has transitioned from a vision of connectivity into a comprehensive development framework delivering tangible progress across key sectors and contributing to Pakistan’s economic transformation.
On the Long Term Plan, the 14th ICC formally agreed to review the CPEC Long-Term Plan (2017-30) in the light of the Memorandum of Understanding (MoU) on alignment of the CPEC five corridors with National Economic Transformation Plan (URAAN Pakistan) and the action plan to foster an even closer China-Pakistan community. The 14th ICC had further directed adoption of the action plan for fostering an even closer China-Pakistan community with a shared future in the new era (2025-2029), signed in September 2025.
The 14th ICC had also further directed adoption of the action plan as the guiding document or CPEC 2.0, and an action matrix accordingly has been prepared by the official quarters concerned and shared with the ministries and divisions of the Federal Government. Inter-agency consultations on the revised Long Term Plan (LTP) were underway.
As regards socio-economic development, about 15 out of 17 approved projects have since been quite successfully completed, while two remaining projects were reported to be at an advanced stage of execution and were expected to be finalized soon. Furthermore, seven new development initiatives have been proposed under the third batch and submitted to the China International Development Cooperation Agency for consideration and approval.
These projects include provision of modern agricultural machinery and equipment for agro-mechanization, supply of fiberglass fishing boats to coastal communities, construction of a fish landing jetty at Gwadar to strengthen the fisheries value chain, establishment of integrated cold chain systems for horticulture and perishable products, and other livelihood -oriented interventions aimed at enhancing local productivity, food security, employment generation, and export potential underserved regions.
For space, sector-wise performance under CPEC during the financial year 2025-26 will be presented on these pages, next month, please INSHALLAH.
