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China and Pakistan Launch CPEC Phase‑II at 14th JCC in Beijing

Delivery depends on converting MoUs into financed contracts with clear timelines.

Overview

  • Officials outlined five thematic corridors—Growth, Innovation, Green, Livelihood and Regional Connectivity—aligned with Pakistan’s 5Es framework to steer a people‑centric second phase.
  • Pakistan reported 85% Chinese financing for the Thakot Dry Port–KKH realignment with a 2028 completion target and an immediate push to start bidding while finalizing the financing agreement.
  • The ML‑1 railway upgrade was flagged as urgent, with a blended financing proposal that would tap AIIB for MultanRohri and ADB for KarachiRohri to accelerate delivery.
  • A youth and technology package featured 10,000 joint PhD scholarships, new innovation hubs and vocational programs, plus Digital Silk Road initiatives including 5G, fiber networks and AI labs.
  • Governance steps include an updated CPEC Long Term Plan to be published within 90 days, semiannual JCC meetings with quarterly working groups, a proposed May 2026 JCC in Islamabad and renewed security assurances for Chinese personnel.