‘CPEC 2.0’ to attract more Chinese companies and investment: Finance Minister

Finance Minister Muhammad Aurangzeb highlighted the second phase of the China-Pakistan Economic Corridor (CPEC), termed “CPEC 2.0,” as a transformative initiative to attract increased Chinese investment and companies. With a focus on industrialization, Special Economic Zones (SEZs), clean energy, agriculture, and socio-economic projects, this phase aims to deepen collaboration and enable advanced technology transfer. Speaking at the Asian Financial Forum in Hong Kong, Aurangzeb invited delegations to explore joint ventures and financial opportunities, emphasizing Hong Kong’s potential as a hub for partnerships. Despite its ambitious goals, the project faces challenges, including Pakistan’s financial constraints and security concerns.