Chinese Charge d’ Affairs to Pakistan Pang Chunxue Wednesday called on Chief of Army Staff (COAS) General Qamar Javed Bajwa here at GHQ and thanked the Army Chief for special measures taken for provision of safe and secure environment to CPEC projects in Pakistan and efforts towards regional stability.
During the meeting, the matters of mutual interest, defence collaboration, progress on China Pakistan Economic Corridor (CPEC) and regional security were discussed in detail, said an Inter Services Public Relations (ISPR) news release.
The COAS said that Pakistan valued China’s role in global and regional affairs and looked forward to enhance its bilateral relationship.
He reiterated that all regional countries need to work collectively for enduring peace and stability.
The visiting dignitary also expressed satisfaction over progress on CPEC and ensured to play her role for further improvement in diplomatic cooperation with Pakistan at all levels.
Germany, Saudi & UAE to join CPEC
As the China Pakistan Economic Corridor (CPEC), a flagship project under the China’s proposed Belt and Road Initiative (BRI), has created new opportunities for economic growth and stability via a number of projects that are in full swing across the South Asian country, many third-country investors are also showing interest in the project.
Many third-country investors are also showing interest in the CPEC project. Saudi Arabia, UAE and Germany are among those that have taken moves on the cooperation with Pakistan via the flagship project.
— CPEC Monitor (@CPEC_Monitor) January 17, 2022
Saudi Arabia, United Arab Emirates (UAE) and Germany are among those that have taken moves on the cooperation with Pakistan via the flagship project. As China extends a welcoming attitude toward the investment, it is believed that the CPEC would continue to attract more third-country investors, industry observers told the Global Times.
Saudi Arabia and UAE investments are driven by two major motives, according to Khan. “First it aims to help Pakistan to stabilize its economy. Second purpose is to have upper hand in geo-political chessboard particularly against Iran by investing and giving bailout packages to Pakistan.”
In addition to the two Middle Eastern nations, Pakistan is also becoming increasingly attractive to other foreign investors.
APP with additional input by GVS News Desk