President Xi and Prime Minister Nawaz Sharif overlook the signing of agreements between the two countries.─AFP
Talking about the Pakistan China Economic corridor, Nawaz said:
“This corridor will benefit all provinces and areas in Pakistan, and transform our country into a regional hub and pivot for commerce and investment. It will also enable China to create a shorter and cheaper route for trade and investment in south, central and west Asia, and the Middle East and Africa. This corridor will become a symbol for peace and prosperity.”
He said President Xi Jinping's visit to Pakistan was a watershed in the history of Pakistan-China relations.
"Together with President Xi we have taken momentous decisions that will raise Pakistan-China relations to new heights and have deep impacts for our common economic future, and peace and stability in the region.”
He said the two sides had also discussed regional and international developments, and agreed to make coordinated efforts for peace and security in the region.
President Xi Jinping in his address said China is prepared and willing to help strengthen Pakistan's capacity to fight terrorism.
The building of the Pakistan China Economic Corridor has an important bearing on national strategies and livelihoods of the two countries, he said.
The two sides believe that the layout and construction of the corridor should take into account the interest of various regions of Pakistan so that the building of the corridor will benefit people, said Xi.
“Of all the cooperation documents that Prime Minister Sharif and I signed, or witnessed the signing of, more than 30 of them concern the corridor,” he added.
“They include the facilities of the Gwadar port, the second phase of the upgrading project for the Karakoram highway, the motorway project between Karachi and Lahore, the rail transportation Orange line project of Lahore and other major transportation infrastructure projects and a series of energy projects,” Xi said.
"These projects span across the provinces and areas of Pakistan and the two sides have also made it clear that they will include the central and western lines of the corridor in the long and midterm plans, and I believe this will help the comprehensive balance and steady growth of the corridor building," said the Chinese president.
The Chinese side continues to support Pakistan's economic and social development, he added.
He said the two sides agreed to strengthen communication and coordination on Afghanistan in order to jointly push ahead the Afghan reconciliation process and play a constructive role to achieve peace and stability in the country and region.
Xi read an old saying in Chinese that said, "When brothers are united in their purpose, they become strong enough to pierce through metals."
He also reciprocated PM Nawaz Sharif's sentiments on Pakistan and China having strong historic ties, and said China is willing to work in close cooperation with Pakistan to benefit masses of the two countries.
Cooperation in civil nuclear energy agreed Pakistan and China have agreed to continue bilateral cooperation in civil nuclear energy under IAEA safeguards, in line with their respective bilateral and multilateral commitments.
"China appreciates and supports steps taken by Pakistan towards its mainstreaming into the global non-proliferation regime," a joint communiqué issued from foreign office said.
The communiqué said China welcomes Pakistan’s engagement with the Nuclear Suppliers Group, and is ready to strengthen communication and coordination with Pakistan.
Both sides reaffirmed their commitment to multilateral non-discriminatory arms control and non-proliferation endeavours.
On security and counter terrorism the two sides believed that the security interests of Pakistan and China are closely interconnected, said the communiqué.
China commended Pakistan’s major contribution to the international counter-terrorism efforts, and said it will continue to support Pakistan in implementing its counter-terrorism strategy in accordance with its national conditions.
Delegation-level talks Following Chinese President Xi Jinping's maiden visit to Pakistan, both sides held delegation-level talks at the PM House, where President Xi admired PM Nawaz’s efforts, saying the far-reaching reforms he initiated were crucial for Pakistan.
The Chinese president also said PM Nawaz is highly experienced and that his struggle against terrorism is extremely admirable.
Pakistani and Chinese delegations held formal talks at the PM Office, in which all aspects of bilateral relations between the two countries were reviewed.
Prime Minister Nawaz Sharif led the Pakistani side in the talks, while the Chinese side was led by President Xi Jinping.
PM Nawaz, during his opening remarks, formally welcomed Xi Jinping on his first ever visit to Pakistan and hoped that the visit would further consolidate the already strong ties between the two countries.
Official sources told DawnNews that during the meeting, in addition to bilateral ties, both leaders also reviewed regional and international issues of mutual concern, including the regional security situation with respect to Afghanistan and the Middle East.
Senior cabinet members and officials from both sides assisted their leadership in the talks.
Earlier, Prime Minister Nawaz Sharif had said that the two-day visit of Chinese President Xi Jinping will usher in a new era of development in Pakistan.
Talking to the top executives of three leading Chinese companies, China Huaneng Group, Industrial and Commercial Bank of China (ICBC) and Zonergy Corporation at the prime minister house, Prime Minister Nawaz Sharif said that the government would extend all possible facilitation to the Chinese companies to ensure timely completion of the planned projects.
The premier appreciated the role of the companies for undertaking various projects in Pakistan including ones that are part of the Pakistan-China Economic Corridor (PCEC) Project.
He said that Pakistan is facing acute shortage of energy and the government has made a commitment to the people of Pakistan to meet this shortage during its tenure, hence a lot of emphasis is being laid on timely completion of these projects, particularly those in the energy sector.
Nawaz was pleased to note that ICBC, the largest bank in the world, will look into the possibility of setting up economic zones in Pakistan.
Leaders of the Chinese delegation said the strong Pakistan-China friendship provides an excellent platform for boosting business relations between the two countries and said they are pleased to be part of building the China-Pakistan Economic Corridor.