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Pakistan Accelerates CPEC Phase II Before Sept. 26 JCC in Beijing

Sharif has ordered ministries to turn $8.5 billion in recent MOUs into binding joint ventures.

Overview

  • Planning Minister Ahsan Iqbal has departed for Beijing for the 14th Joint Coordination Committee meeting on Sept. 26 to finalize the 2025–29 implementation roadmap.
  • The prime minister warned of strict action over any delays and called CPEC’s second phase Pakistan’s last chance to leverage Chinese investment and expertise.
  • MOUs announced at the Sept. 4 Pakistan–China B2B Investment Conference total about $8.5 billion but require conversion into contracts to unlock funding.
  • Officials list Phase II priorities including agriculture, Special Economic Zones, mines and minerals, green technology, and upgrades to the Karakoram Highway.
  • The government cites roughly $33 billion invested in Phase I power and infrastructure projects as it seeks to regain momentum in the next stage.