Pakistan's Prime Minister Shehbaz Sharif called on Wednesday for the expansion of China's Belt and Road Initiative (BRI) to enhance regional cooperation.
He was addressing a heads of government meeting of the Shanghai Cooperation Organisation (SCO), a Eurasian security and political group formed in 2001, being held in Islamabad and attended by officials from 11 countries, including host Pakistan, China, Russia and India.
"Flagship projects like the Belt and Road Initiative of President Xi Jinping...should be expanded focusing on developing road, rail and digital infrastructure that enhances integration and cooperation across our region," Sharif said in his speech as the chair of the meeting.
The BRI is a $1 trillion plan for global infrastructure and energy networks that China launched a decade ago to connect Asia with Africa and Europe through land and maritime routes. Beijing's rivals see the BRI as a tool for China to spread its geopolitical and economic influence.
Western countries, under the G7 platform, last year announced a $600 billion plans to launch a
rival connectivity infrastructure development plan. BRI has also been criticised for increasing unsustainable debt in developing countries.
The China-Pakistan Economic Corridor ( CPEC) is a part of the BRI and has seen Beijing pump in billions of dollars into the South Asian country for road networks, a strategic port and an airport.
Sharif said CPEC would also help enhance cooperation, adding that 40 percent of the world's population lived in SCO's 10 full member states.
The SCO meeting is the highest-profile event hosted by the troubled South Asian nation in years. Seven prime ministers are attending, including Chinese Premier Li Qiang.
Sharif also said stability in neighbouring Afghanistan, which lies between South and Central Asia, was essential to fully realizing trade opportunities for the SCO member states.
Also in attendance is India' External Affairs Minister Subrahmanyam Jaishankar, who is the first Indian foreign minister to visit Pakistan in nearly a decade with ties between the nuclear-armed rival neighbours continuing to be frosty.
He was addressing a heads of government meeting of the Shanghai Cooperation Organisation (SCO), a Eurasian security and political group formed in 2001, being held in Islamabad and attended by officials from 11 countries, including host Pakistan, China, Russia and India.
"Flagship projects like the Belt and Road Initiative of President Xi Jinping...should be expanded focusing on developing road, rail and digital infrastructure that enhances integration and cooperation across our region," Sharif said in his speech as the chair of the meeting.
The BRI is a $1 trillion plan for global infrastructure and energy networks that China launched a decade ago to connect Asia with Africa and Europe through land and maritime routes. Beijing's rivals see the BRI as a tool for China to spread its geopolitical and economic influence.
Western countries, under the G7 platform, last year announced a $600 billion plans to launch a
rival connectivity infrastructure development plan. BRI has also been criticised for increasing unsustainable debt in developing countries.
The China-Pakistan Economic Corridor ( CPEC) is a part of the BRI and has seen Beijing pump in billions of dollars into the South Asian country for road networks, a strategic port and an airport.
Sharif said CPEC would also help enhance cooperation, adding that 40 percent of the world's population lived in SCO's 10 full member states.
The SCO meeting is the highest-profile event hosted by the troubled South Asian nation in years. Seven prime ministers are attending, including Chinese Premier Li Qiang.
Sharif also said stability in neighbouring Afghanistan, which lies between South and Central Asia, was essential to fully realizing trade opportunities for the SCO member states.
Also in attendance is India' External Affairs Minister Subrahmanyam Jaishankar, who is the first Indian foreign minister to visit Pakistan in nearly a decade with ties between the nuclear-armed rival neighbours continuing to be frosty.
You may also like
International Day for Eradication of Poverty: A Call for Collective Action
Strictly's Wynne Evans set 'to leave show' after 'wandering hands' scandal with Katya Jones
Seaside town with abbey on cliff edge that inspired Dracula
Prince Harry's uncle gushes about 'brilliant' new girlfriend after bitter split from third wife
Gary Neville slams the FA for appointing Thomas Tuchel as England manager
Rick Astley reveals brutal first take on Kylie Minogue as he makes 'snooty' admission
Hoax bomb threats to flights: Teenage boy, father under investigation for targeting Mumbai planes
AAP launches 'Jan Sampark' campaign ahead of Delhi Assembly polls
Adorable stray dog who spent 10 months crying in kennel undergoes impressive transformation
'Felt incomplete': What Rahul Gandhi said after Omar Abdullah's CM oath
US Winter Forecast 2024-2025: Will La Niña shape New York's snowy outlook?
Insurance bodies meet with ministers to tackle the 'spiralling' costs of motor cover
'I clean celebrity homes and swear by these Home Bargains products'
Smoothies vs. Juices: What's the Ultimate Weight Loss Solution?
'SFJ Communicating With PM Trudeau's Office For Last 2-3 Years..': Khalistani Terrorist Pannun's MASSIVE Admission Amid India-Canada Diplomatic Rift (VIDEO)
Jharkhand Party announces five candidates, party chief's children enter the fray
Centre will work closely with Omar Abdullah, his team: PM Modi
Liverpool owners FSG respond to 'serious' record-breaking NBA takeover rumours
Channel 4 confirms future of A Place in the Sun with fresh update
Who was Sukha Duneke? How Canada is using routine NIA post to link India to goon's killing in Winnipeg