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1h ago

Sharif Calls CPEC 2.0 Pakistan's Last Chance, Orders Action on $8.5 Billion MOUs

Sharif directed ministries to convert conference pledges into binding joint ventures.

Pakistan PM Shehbaz Sharif confirms US visit for UNGA 2025 with Army Chief Asim Munir; Sharif-Trump meeting likely on sidelines.

Overview

  • Chairing a high-level meeting, the prime minister warned of strict action over any delays in executing CPEC 2 projects.
  • He said China agreed to launch the programme with priorities in agriculture, Special Economic Zones, mines and minerals, and an upgrade of the Karakoram Highway.
  • Sharif instructed meticulous follow-up so agreements are turned into binding joint venture contracts that can unlock Chinese investment.
  • He noted that MOUs worth about $8.5 billion were signed in Beijing on September 4 during his visit for the SCO summit and a Pakistan–China B2B conference.
  • He highlighted fresh MOUs with US-based firms in gemstones, mines and minerals as a source of technical expertise that complements Pakistan's partnership with China.