20 April, Islamabad
Pakistan and China today struck as many as 51 agreements including the multi billion dollar economic corridor through the PoK that will expand the communist giant’s influence in India’s neighbourhood.
Chinese President Xi Jinping formally unveiled the ambitious 3,000 km-long China-Pakistan Economic Corridor (CPEC) during his historic maiden state visit to Islamabad.
The strategic corridor will link China’s under developed far-western region to Pakistan’s Gwadar deep-sea port on the Arabian Sea via PoK through a massive and complex network of roads, railways, business zones, energy schemes and pipelines.
The corridor, expected to be ready in three years gives China direct access to the Indian Ocean and beyond. The agreements were signed after Xi held talks with Prime Minister Nawaz Sharif. Both the leaders witnessed the agreements signing ceremony.
The two leaders unveiled plaques of eight projects to be undertaken in Pakistan with Chinese assistance. The projects and agreements relate to energy, infrastructure, agriculture, research and technology, education and other fields.