Pakistan's capacity of export to be augmented under CPEC 2nd phase: Envoy.

ISLAMABAD: Chinese Ambassador in Pakistan Yao Jing on Friday said that under second phase of China Pakistan Economic Corridor (CPEC), promotion of business to business relationship for technological and industrial development in order to augment Pakistan's capacity to export was a priority area for the Chinese government.

He was speaking to Federal Minister for Economic Affairs Muhammad Hammad Azhar here at the minister's office, said a press release.

The envoy congratulated Hammad Azhar on his elevation as Federal Minister.

The Ambassador reiterated commitment of his government to the strategic relationship with Pakistan and hoped that appointment of Federal Minister for Economic Affairs will further strengthen relationship between the two countries.

The Ambassador updated the minister on the progress made on account of implementation of CPEC related projects.

The envoy stated that in the second phase socio-economic sector projects, with grant financing for direct benefit of common man were also priority areas.

The minister stated that the CPEC is a flagship programme of Belt and Road initiative which is now entering into a new phase. He reiterated commitment of his government for implementation of next phase of CPEC for the benefit of people of Pakistan.

He acknowledged the historic...