11th JCC meeting sets framework for knowledge-based economy under CPEC phase 2

BEIJING:  Federal Minister for Planning Ahsan Iqbal announced in Beijing that the second phase of CPEC has formally begun, with a key focus on creating a mineral corridor to link Balochistan’s resources with Gwadar Port. Speaking at the 11th CPEC Joint Cooperation Committee meeting and the Beijing Investment Conference, he said Phase 2 will emphasize business-to-business cooperation, aligned with Pakistan’s “Uraan Pakistan” vision of becoming a $1 trillion economy by 2035. The new phase will focus on exports, digital economy, renewable energy, regional connectivity, and mineral development, while also investing in youth through scholarships, technical education, and vocational training. Agreements were reached to advance the Karakoram Highway project and operationalize the mineral corridor, alongside cooperation in poverty reduction and sustainable development.