Published on, Sept. 27 -- September 27, 2025 1:01 PM

ISLAMABAD/BEIJING: Pakistan and China have officially entered a new phase of their landmark partnership as CPEC Phase 2 was formally launched during the 14th Joint Cooperation Committee (JCC) meeting held in Beijing on Friday.

Despite unresolved issues related to payments owed to Chinese independent power producers (IPPs), both nations reaffirmed their commitment to deepening cooperation. Planning Minister Ahsan Iqbal called this a "historic milestone," stating that Phase 2 will transform CPEC into a corridor of industrial growth, innovation, and shared prosperity.

Read more: CPEC 2.0: Pakistan, China sign key MoUs

The new phase will focus on five key corridors: development, innovat...