KARACHI: Pakistan and China are holding a virtual meeting of the 13th Joint Cooperation Committee (JCC) on the China-Pakistan Economic Corridor (CPEC) today, Friday, with the security of Chinese organizations and personnel working in the South Asian nation expected to be at the top of the agenda.
China is a major ally and investor in Pakistan but both separatist and other militants have attacked Chinese projects in recent months, killing Chinese personnel, including five Chinese workers who perished in a suicide attack on Mar. 26 while on their way to the Dasu hydropower project in Pakistan’s northwest.
The hydropower project falls under the ambit of CPEC, a flagship project of China’s Belt and Road Initiative through which it has pledged more than $65 billion for road, rail and other infrastructure developments in the South Asian nation of 241 million people. Pakistan has said more than 50 projects worth $25 billion under the CPEC umbrella have been completed since the project was launched in 2015.
On Friday, the 13th JCC meeting formally began with a minute of silence in honor of the Chinese nationals killed in the March suicide bombing, with Pakistan’s planning ministry describing them as “heroes of Pakistan” whose contributions had supported the realization of CPEC.
“China and Pakistan have embarked on a journey of shared dreams working hand in hand to build high-quality development projects,” Pakistani Planning Minister Ahsan Iqbal said in his opening remarks at the meeting. “It is heartening to note the steady progress CPEC has made since its inception in 2013.”
He lauded President Xi Jinping’s vision to forge an “upgraded version” of CPEC and turn it into a growth, livelihood-enhancing, innovation, green and regional connectivity corridor to align it with Pakistan’s 5E socio-economic framework approved last year for the promotion of exports, energy, environment, equity and empowerment.
“We are ready to work with NDRC [National Development and Reform Commission of China] to finalize the scope and implementation plan on these corridors,” Iqbal added.
The minister detailed a number of projects completed so far under CPEC, including the construction of around 888 kilometers of motorways and highways. He said an 884-megawatt hydropower project at Sukhi Kinari, worth $1.7 billion, was under construction and expected to be commissioner later this year.
Three hydel power projects and one coal-based Gwadar power project with a generation capacity of 2,100 megawatts were in advanced stages of completion, Iqbal added.
Beijing has also over the years readily provided financial assistance to bail out its often-struggling neighbor, including in July last year when China granted Pakistan a two-year rollover on a $2.4 billion loan, giving the debt-saddled nation much-needed breathing space as it tackled a balance-of-payments crisis.
But Chinese projects and interests have also increasingly come under attack in recent years.
The Dasu assault in March was the third major one in a little over a week on China’s interests and followed a Mar. 20 attack on a strategic port used by China in the southwestern province of Balochistan, where Beijing has poured billions of dollars into infrastructure projects including a deep-sea port, and a Mar. 25 assault on a naval air base, also in the southwest.
Both attacks were claimed by the Baloch Liberation Army (BLA), the most prominent of several separatist groups in Balochistan.
Dasu, the site of a major dam, has been attacked in the past, with a bus blast in 2021 killing 13 people, nine Chinese among them, although no group claimed responsibility, like the Mar. 26 bombing.
Pakistan is home to twin insurgencies, one mounted by religiously-motivated militants and the other by ethnic separatists who seek secession, blaming the government’s inequitable division of natural resources in southwestern Balochistan province.
Chinese interests are mostly under attack primarily by ethnic militants seeking to push Beijing out of mineral-rich Balochistan, but that area is far from the site of the Mar. 26 bombing.
On Thursday, Pakistan’s top economic body approved $2.5 million in compensation for families of Chinese workers who were killed in the Mar. 26 Dasu attack.
Security of Chinese workers tops agenda as Islamabad, Beijing hold key investment meeting
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Security of Chinese workers tops agenda as Islamabad, Beijing hold key investment meeting
- Pakistan has said over 50 projects worth $25 billion under CPEC umbrella completed since 2015
- Chinese interests increasingly under attack in recent years by separatist and other militant groups
Pakistan seeks operationalization of World Bank’s $20 billion framework to advance reform priorities
Pakistan seeks operationalization of World Bank’s $20 billion framework to advance reform priorities
- Pakistan’s finance chief meets World Bank Country Director Bolormaa Amgaabazar in the capital
- The Bank’s 10-year Country Partnership Agreement for Pakistan was approved in January last year
ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb on Wednesday called for the operationalization of the World Bank Country Partnership Framework (CPF) to advance the government’s key reform priorities during a meeting with the Bank’s country director, according to a statement.
The Bank’s Board of Directors approved a 10-year CPF deal with Pakistan, indicating $20 billion in financing for Pakistan under the framework. The amount will include public and private financing from the World Bank Group, with roughly half expected to come from private-sector operations led by the International Finance Corporation (IFC).
“The Finance Minister emphasized the importance of effective operationalization of the CPF, particularly in priority areas such as population management and climate change,” the finance ministry said in a statement after Aurangzeb’s meeting with the Bank’s Country Director Bolormaa Amgaabazar.
“He underscored the need for strong coordination between federal and provincial governments to ensure coherence in policy design and implementation.”
Discussions focused on population, human capital development, climate resilience, agricultural reform and energy sector sustainability, it added.
The ministry said both sides exchanged views on enhancing institutional coordination, improving transparency in project design and strengthening monitoring mechanisms to deliver intended outcomes. It highlighted that the World Bank expressed readiness to continue supporting agricultural transformation efforts in collaboration with the IFC.
“Both sides agreed to continue technical-level engagements to explore feasible solutions in line with Pakistan’s reform agenda and fiscal framework,” the finance ministry added.
Climate resilience and population control are major concerns for policymakers in Pakistan, a country whose population exceeds 241 million, making it the world’s sixth-most populous country. Limited infrastructure, health care, and educational opportunities place added strain on public services, contributing to unemployment and poverty.
The South Asian nation is also among the countries most affected by climate change. Unusually heavy monsoon rains in 2022 killed more than 1,700 people and caused over $30 billion in damages. Torrential rains and floods since late June last year have claimed more than 1,000 lives, as authorities continue surveys to assess the full extent of the destruction.
