ISLAMABAD: Prime Minister Shehbaz Sharif on Friday said Pakistan and its regional partners stand on the brink of a “revolution in trade, energy and economic cooperation,” as he announced the launch of Phase II of the China-Pakistan Economic Corridor (CPEC).
Addressing the closing session of the Regional Transport Ministers’ Conference in Islamabad, attended by delegates from more than 20 countries, Sharif said the new phase of CPEC would shift focus from physical infrastructure to industrial and commercial collaboration.
“CPEC is the flagship project of President Xi Jinping’s Belt and Road Initiative,” he said. “Now we are moving from bricks and mortar to business-to-business partnerships. We invite our Chinese brothers to expand investment and joint ventures in Pakistan.”
Sharif said Pakistan’s geography had historically made it a crossroads of trade and exchange. “The land now known as Pakistan has always been a bridge of civilizations and commerce,” he said. “We are reviving that historic role.”
He highlighted major connectivity projects, including the Trans-Afghan Railway and the Islamabad-Tehran-Istanbul corridor, which he said would “reshape cross-border commerce” and link Central Asia, South Asia and the Middle East through integrated transport networks.
The prime minister also emphasized digital connectivity. Pakistan, he said, was investing in data infrastructure and systems like the Pakistan Single Window to cut bureaucracy and speed up customs and logistics. “Connectivity is not just roads and railways; it is data, innovation and technology,” he added.
Sharif noted that former prime minister Nawaz Sharif had consistently maintained that peace and economic progress were mutually reinforcing. “My leader Muhammad Nawaz Sharif always believed that prosperity and stability are inseparable,” he said.
Federal Minister for Communications Abdul Aleem Khan termed the conference “a collective commitment to enhance regional connectivity,” saying improved links were essential for shared growth.
Following his address, the prime minister toured an exhibition featuring the National Highway Authority, National Logistics Corporation and Pakistan Railways, underscoring Islamabad’s push to align infrastructure, logistics and trade policy under a unified connectivity strategy.