LAHORE: The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) has welcomed Pakistan’s newly introduced roadmap to fast-track Phase II of the China-Pakistan Economic Corridor (CPEC), terming it a transformative step toward high-tech industrialization, enhanced provincial cooperation, and sustainable national development.
Phase II of CPEC aims to shift Pakistan from infrastructure-led growth toward innovation-led expansion through industrial up gradation, digital transformation, and modern governance.
The declaration of 2026 as the “Year of Reform and Modernization” underscores a national commitment to reducing bureaucratic hurdles, promoting a pro-investment environment, and improving institutional efficiency.
Nazir Hussain President PCJCCI said that Pakistan’s new direction under CPEC Phase II reflects a bold and future-focused approach. High-tech industrialization, innovation-led growth, and deeper cooperation with China will unlock new opportunities for our industries, our youth, and our emerging entrepreneurs.
PCJCCI stands committed to facilitating this new era of economic transformation. He further added that a major milestone in this phase is China’s commitment to financing 85 percent of the Karakoram Highway (KKH) Project, reflecting the deepening economic and strategic partnership between the two nations.
Brig. Mansoor Saeed Sheikh (retd), Senior Vice President PCJCCI stated that the government has also announced the initiation of the bidding process for the Thakot–Raikot Motorway within the next two months, along with expanding provincial-level cooperation under CPEC to ensure balanced and inclusive development across all regions.
He also said that the commitment of China to the KKH financing and the expansion of provincial partnerships shows the strength of our bilateral bond. CPEC Phase II will modernize our key sectors, support local industries, and create sustainable jobs. PCJCCI will continue to act as a bridge for strengthened commercial collaboration.
Zafar Iqbal Vice President PCJCCI added that the human capital development particularly empowering youth and women is a critical pillar of this new roadmap. This aligns strongly with PCJCCI’s vision of an inclusive, knowledge-driven economy. We look forward to supporting initiatives that promote skill enhancement, innovation, and industrial competitiveness.
Salahuddin Hanif, Secretary General PCJCCI reaffirmed its dedication to supporting all initiatives aimed at deepening Pakistan-China economic integration and advancing sustainable national growth.
Copyright Business Recorder, 2025
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